• Overview
  • Reviews
  • Comments

Professional Pivots

SSH-Ind-ProfessionalPivots

This indicator automatically draws important Daily/Weekly/Monthly Pivot levels in MT4 terminal using the most popular methods and also predicts next Day/Week/Months pivot levels with various options for color and size management and text forms. You can find more about pivot points on web.

Features

  • Supports All Pivot types : Classic / Woodie / Camarilla / Fibonacci / Demark
  • Supports the most important pivot reference time frames : Daily/ Weekly / Monthly
  • Has the ability to draw future Pivot levels : Next Day / Next Week / Next Month
  • Allows you to see the historical Pivot levels for back testing purposes
  • Gives you full control over colors, text sizes, text origins and zone colors

Calculation Modes

This indicator supports different Pivot calculation modes.

Classic Pivot Points:

R3 = High + 2(PV – Low)
R2 = PV + (High – Low)
R1 = 2xPV – Low
PV = (High + Low + Close) / 3
S1 = 2xPV – High
S2 = PV – (High – Low) 
S3 = Low - 2(High – PV)

Woodie Pivot Points:

R3 = High + 2(PV – Low)
R2 = PV + (High – Low)
R1 = 2xPV – Low
PV = (High + Low + 2xOpen) / 4
S1 = 2xPV – High
S2 = PV – (High – Low)
S3 = Low - 2(High – PV)

Camarilla Pivot Points:

R3 = Close + (High – Low) x 1.1/4
R2 = Close + (High – Low) x 1.1/6
R1 = Close + (High – Low) x 1.1/12
PV = (High + Low + Close) / 3
S1 = Close - (High – Low) x 1.1/12
S2 = Close - (High – Low) x 1.1/6
S3 = Close - (High – Low) x 1.1/4

Fibonacci Pivot Points:

R3 = PV + (High – Low) x 1.0
R2 = PV + (High – Low) x 0.618
R1 = PV + (High – Low) x 0.382
PV = (High + Low + Close) / 3
S1 = PV - (High – Low) x 0.382
S2 = PV - (High – Low) x 0.618
S3 = PV - (High – Low) x 1.0

Demark Pivot Points:

PV = (High + 2xLow + Close) / 4             when Close < Open
PV = (2xHigh + Low + Close) / 4             when Close > Open
PV = (High + Low + 2xClose) / 4             when Close = Open
R1 = 2xPV – Low
S1 = 2xPV - High

Input Parameters

---DAILY PIVOTS---

Daily (True/False) : Set if daily pivot levels should be visible or not

Daily_TextsFontSize : Set daily pivots text size

Daily_PivotTextColor , Daily_ResTextColor  ,  Daily_SupTextColor : Set the color of daily pivot lines

---DAILY FUTURE PIVOTS---

Daily _future (True/False) : Set if next day pivot levels should be visible or not

---WEEKLY PIVOTS--- (such as Daily)

--- WEEKLY FUTURE PIVOTS--- (such as Daily)

---MONTHLY PIVOTS--- (such as Daily)

--- MONTHLY FUTURE PIVOTS--- (such as Daily)

--- GENERAL SETTINGS---

PivotType (Classic/Woodie/Camarilla/Fibonacci/Demark) : Choose desired pivot type

HistoryDays : Set if historical levels should be displayed on your chart

TextsAndFills (NotShown/OnlyLastDayOrWeekOrMonth/AllHistory) : Choose your desired text plotting mode

TextsPosition (StartOfDayOrWeekOrMonth/MidOfDayOrWeekOrMonth/EndOfDayOrWeekOrMonth) : Choose where texts should be displayed

ColorFill (NoFill/ Daily_ColorFill/ Weekly_ColorFill/ Monthly_ColorFill) : Choose if you want to see pivot zones by colors

R3,R2,R1_ColorFill : Set the color of resistance zones

S1,S2,S3_ColorFill : Set the color of support zones


Support and questions

This product is paid once and includes free updates. 

Use the Reviews tab or Message for questions.

My ID: steven.sh


Author

Steven Shemirani, Electrical engineer and private investor.

PROFILE JOBS SIGNALS & PRODUCTS ]


Recommended products
Filter:
No reviews