the pivot range's simple but effective ,
pivot = ( high + low + close ) / 3 ,
the range two lines are calculated like that,
range = ( high - low ) / 2 ,
1st line ( above the pivot ) = pivot + range ,
2nd line ( below the pivot ) = pivot - range ,
at the next chart i draw all the lines manualy cause i'm not good programer with MQL , so can anybody help me programing this so it gives the same results as seen on the chart ,
i use the weekly data ( high ,low ,close ) to calculate the pivot range
Can you explain about entry point,TP and SL (how many pips away ?)?
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Try this it might do what you want but it only shows the current week.
Try this one also. I don't know where I got it from.
Hope it's useful.
Please what are the rules of this method?
Thanks alot for your quick response cja , your indicator reverse the idea ,
but i think that the historical pivot range 've an important value ,
so i hope you find a way to compute them ,
i attached here the camarilla historical MQL so it might inspire you to the right way programming historical pivot range ,
that's the one i was searching for thanks alot ibadah
i knew about the pivot range from Fisher's book "The logical trader " ,
and i saw Kaymar using it to confirm his harmonic trading method here,
so after reading the book i can say that the pivot range is so simple but also effective when it's combined with other indicators ,
take a look at the USDJPY last week & you'll see how the market respected the pivot lower range & also formed a " triple bottom " their , so with a divergence confirming signal evey thing was saying enter long
Here is exactly as your screenshot shows, i rewrote the indicator and found the line of code i was missing to make it a WEEKLY period.
What can i say for a great programmer like you except thanks alot ,
that's exactly what i wanted ,
keep one your great efforts ,
Sure all Harmonic traders had seen this Pattern for GBPUSD this week ,
what's new here is that we confirmed the reversal zone of the pattern using pivot range ,
it was a great idea ,
confirm your Harmonic patterns PRZ using Pivot range