ProRealTime Programming Trader Session Pivots
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i wish to be helped with some programming - this is in the VB language, im afraid im not so good at programming, although i wrote a script for weekly pivots i cannot alter it to trader session pivots.... help!!!
i am trying to code a trading session pivot point. i have attempted to code but i am a novice in this respect. what i wish to be able to plot is the pivot point of each trading session. i want the (H+L+C)/3 pivot for the asian session (12am gmt - 8am gmt) and the london session (8am gmt - 4pm gmt)
i do not need R1,S1 etc - just P
i wish to be able to plot this single line - so that the asian session pivot occurs in the timeframe of the london session.
the (H+L+C)/3 - would be High[8] or something like that for the 480 minutes of data.
i would like it as an indicator so i do not have to manually plot it everyday.
i hope i have been descriptive enough - this technique is very useful for gauging intra-day direction and can be used along-side trader pivots. you would also see that if combined with divergence it can be a useful S/R zone for a short change in market direction. Hedge Funds use this technique - although not quite as i describe it.
here is my original VB code - if anyone can alter it i will be indebted to them and i hope others can use this as well. I'm sure it could also be used for MT4 - although i don't use MT4 - so the prorealtime version would be appreciated.
James
ONCE WK = 0
once sw = 0
if DayOfWeek < DayOfWeek[1] and wk = 1 then
sw = sw +1
wk = 0
C = pwC
L = pwL
H = pwH
pwH =high
pwL = low
endif
pwH = MAX(Dhigh(0), pwH)
pwL = MIN(Dlow(0), pwL)
pwC = Dclose(0)
if DayOfWeek > 1 then
wk = 1
endif
P = (H + L + C)/3
R03 = H + 2 * (P - L)
R02 = P + (H - L)
R01 = (P * 2) - L
S01 = (P * 2) - H
S02 = P - (H - L)
S03 = L - 2 * (H - P)
if sw < 2 then
P = undefined
R01 = undefined
R02 = undefined
R03 = undefined
S01 = undefined
S02 = undefined
S03 = undefined
endif
if sw > 1 then
if wk[1] > wk then
barCountStart = barIndex
endif
barcount = barIndex - barCountStart
HH = highest(High)
LL = lowest(low)
if R02 > HH then
R03 = R02
endif
if R01 > HH then
R02 = R01
R03 = R02
endif
if S02 < LL then
S03 = S02
endif
if S01 < LL then
S02 = S01
S03 = S02
endif
endif
RETURN R03 Coloured(255,0,0) AS "R3 WEEK", R02 Coloured(255,0,0) AS "R2 WEEK", R01 Coloured(255,0,0) AS "R1 WEEK", P AS "PP WEEK", S01 Coloured(0,200,0) AS "S1 WEEK", S02 Coloured(0,200,0) AS "S2 WEEK", S03 Coloured(0,200,0) AS "S3 WEEK"