Can anyone code an indicator to calculate and display daily pivot points the formulas are as follows
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
Can the pivot point be certain colour and the support red and resistance green
Do a search and you will find many pivot/sup/res indicators...More than you could ever dream of!!
This will also save you alot of time
some pivot indicators here
- pivot indicators are here. Start from the post #1.
- Pivot range: good public thread with indicators and system developing.
- Pivot indicators ('elite indicators' thread in elite section).
pivot with alert
plz i need pivot with alert ( r3,...........)00
The only way to find it is to look at this alert thread https://www.mql5.com/en/forum
Thread is very big but may be you will find. Sorry I do not have it inside my computer now.
mtf pivot with SR level here.very simple and useful!enjoy
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