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Rating:: (22)
Published:: 2013.03.12 08:18
Updated:: 2016.11.22 07:32

weeklypivot.mq5 (8.64 KB) view

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The indicator of reversal points drawn on the week candlesticks. Average purple line is a pivot on the week candlesticks. Support and resistance levels are defined by the size of candlesticks.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 18.09.2007.

Fig.1 The WeeklyPivot indicator

Fig.1 The WeeklyPivot indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1572

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WeeklyPivot - indicator for MetaTrader 5