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Indicators

Dynamic pivots - any time frame - indicator for MetaTrader 5

Views:
1932
Rating:
votes: 29
Published:
2021.11.29 18:12

Based on the Austin Passamonte's idea , this indicator calculates pivots for any time frame (provided that the chosen time frame is higher than the chart time frame).

Two modes of calculation :

  • original (when it calculates as in the  Austin Passamonte's idea)
  • or alternate mode (when it is more support / resistance inclined)

Recommendations:
  • Use it as any other pivots
  • Since the code is optimized (only last bar calculated on new ticks), it can easily be used from any other code via iCustom() 


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