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Indicators

Dynamic Pivot - indicator for MetaTrader 4

ANWAR MINARSO Minarso | English Español Português 日本語 Deutsch

Views:
8162
Rating:
votes: 3
Published:
2020.01.27 04:53
Updated:
2020.01.27 05:54

Supported Timeframe :

  • Current
  • M1
  • M5
  • M15
  • M30
  • H1
  • H4
  • Daily
  • Weekly
  • Monthly
  • Quarterly (Buggy - Removed)
  • Semester (Buggy - Removed)

Formula :

Resistance 3 = High + 2 * (Pivot - Low)
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = (High + Close + Low) / 3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2 * (High - Pivot)

Daily Pivot on H4 Timeframe

Pivot Timeframe

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    These codes give you a list of currency pairs that have a positive and negative swap. This is useful when you do a Carry Trade strategy.

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    Let's say we have 20 open orders on one symbol and want to set takeprofit or stoploss for all of them at the same level(price) .The script selects all open orders of the symbol and can modify stoploss or takeprofit or both at the desired level (price). If the input parameters are left to zero , the stop or the takeprofit are left unchanged .

    RSI with BB RSI with BB

    RSI with Bollinger Bands calculated on it

    Daily/Weekly HL Daily/Weekly HL

    Previous day&week High/Low