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Indicators

Dynamic pivots - any time frame - indicator for MetaTrader 5

Mladen Rakic
Views:
9169
Rating:
(33)
Published:
2021.11.29 18:12
Download as ZIP, How to download code from MetaEditor
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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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