Heiken Ashi Pivot

Description

Heiken Ashi Pivot is a universal color multicurrency/multisymbol indicator of the Pivot Points levels systems on Heiken Ashi candlesticks. You can select one of its three versions: Standard Old Standard New and Fibo. It plots pivot levels in a separate window.

The system will automatically calculate the Pivot Point on the basis of market data for the previous day (PERIOD_D1) and the system of support and resistance levels, three in each. It can also display price tags for each level.

You can color the indicator lines.

The only difference between Standard New and Standard Old version is the method of calculation of the third level of support (S3) and resistance (R3).

Please see attached video to find differences of all three versions (For clearness visualization is made in the main window).


Inputs

  1. Currency_Name - the name of the financial instrument.
  2. Bars_Number - the number of bars to be displayed in a separate window.
  3. Bars_Flag - a flag to allow display of the number of bars specified in the Bars_Number parameter:
    1. true - according to Bars_Number.
    2. false - maximum available bars in the history. 
  4. Bulls_Color - the color of the bullish candlestick.
  5. Bears_Color - the color of the bearish candlestick.
  6. Bid_Line_Color - color of the Bid line.
  7. Calc_Method - the Pivot Points calculation method:
    • Standard Old.
    • Standard New.
    • Fibo.
  8. Price_Flag - permission to display price tags.

By default, the system calculates the levels based on the Standard Old method. 


Purpose

The indicator can be used for manual or automated trading in an Expert Advisor. Values of indicator buffers of the double type can be used for automated trading:

  1. Pivot Point - buffer 0.
  2. Support level 1 - buffer 1.
  3. Support level 2 - buffer 2.
  4. Support level 3 - buffer 3.
  5. Resistance level 1 - buffer 4.
  6. Resistance level 2 - buffer 5.
  7. Resistance level 3 - buffer 6.

Depending on the timeframe of the chart, on which the indicator is used, values of the indicator buffers towards the depth of the history should be requested with a shift relative to the zero bar and the same step on the following principle:

  1. PERIOD_M1: the shift and the step = 1440.
  2. PERIOD_M5: the shift and the step = 288.
  3. PERIOD_M15: the shift and the step = 96.
  4. PERIOD_M30: the shift and the step = 48.
  5. PERIOD_H1: the shift and the step = 24.
  6. PERIOD_H4: the shift and the step = 6.
  7. PERIOD_D1: the shift and the step = 1.


Limitations

Chart for each financial instrument can not be displayed more than once. Otherwise, you will receive an error message related to its re-use and you will be offered to select another financial instrument.


Recommendations

It is recommended to use the indicator with the parameter Bars_Number not exceeding the number of bars that can be shown in one window (about 250 bars).


Notes

In case of loss of connection with the trading server, when connection is restored and data is downloaded, the chart will be redrawn from the beginning to the number of bars specified by Bars_Number and Bars_Flag.

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discount ends soon original price 69 $ ZORYK — Advanced XAUUSD Signal System for MetaTrader 4 You know the feeling. You spend time analyzing gold. You wait for the entry. You finally open the trade, and price immediately moves against you. You close too early, move the Stop Loss, or hesitate for a few seconds. Then the market reaches the exact destination you originally expected without you. The direction was not always the problem. The real problem was uncertainty. You did not know exactl
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5 (3)
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KURAMA GOLD SIGNAL PRO (MT4) — 7-Layer Filter, Auto TP/SL, Quality Score & Signal History Save | Complete XAUUSD Trading System No repaint in real time. The moment a signal appears, the arrow, entry, TP and SL are locked on the spot and never move afterward. What you trade is this real-time signal. And in v7.20, every signal that is actually sent is auto-saved and restored exactly after restart. BUYER BONUS Buy the lifetime license and receive AI Zone Radar (
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Prop Firm Sniper MT4  is a professional market structure indicator that automatically identifies high-probability BUY and SELL opportunities using BOS and CHoCH analysis. Recommended Timeframes: For backtesting, use the indicator on   M5 or M15   for Gold (XAUUSD), and   M15 or H1   for more volatile Forex pairs such as   GBPUSD, USDJPY, EURGBP , and similar markets. CONTACT ME AFTER PURCHASE TO CLAIM YOUR FREE BONUSES! Prop Firm Sniper  is a professional market structure indicator designed t
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