Calculation of pivot and similar levels based on time zones.
Author: Aleh Sasonka
The pivot levels and Fibonacci retracements can be used as levels of support and resistance zones for possible reversal of the price movement.
TRADING MANUAL - How To Use Fibonacci
The Forex Trader’s Guide to Support and Resistance
The sample input for strategy the reversal of Fibo level
... and the result of example
<removed by mod - no commercial advertising please!>
I like the pivot indicator, but is there a way to remove the words, "yesterday, today and open" of the chart.
Line 270: SetTimeLine("YesterdayStart", "yesterday", idxfirstbarofyesterday, CadetBlue, level - 4*Point);
Line 271: SetTimeLine("YesterdayEnd", "today", idxfirstbaroftoday, CadetBlue, level - 4*Point);
Line 327: SetLevel("T\'s Open", today_open, Orange, LineStyle, LineThickness, startofday);
Thanks for your quick responds.