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PivotLines

A pivot point is a price level of significance in technical analysis of financial markets that is used by traders as a predictive indicator of market movement. A pivot point is calculated as an average of significant prices (High, Low and Close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point, it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish.


Advantages

  • Calculate and draw pivot line in every mode that you need
  • Change lightness ans saturation of lines color
  • Set to draw extend to left or right side
  • Set direct of label to right or left or none
  • define location of label
  • Alert, flashing with sound alarm or none, send email and notify when price touch a line or a line break by price
  • Enable highlight a line when mouse is over it
  • Useful indicator data for expert programmer when price break a line


Input Parameters

  • Type of pivot calculation - pivot lines usually calculate from yesterday significant prices but you can select one of chart period for it.
  • Draw Line from Bar - start draw from this bar and if enter 0 means from max bars and left side of chart
  • Color Of main pivot line - define a color for main line pivot.
  • Width of main pivot line - enter 1 to 5 for width of main pivot line.
  • Style of main pivot line - enter a style (solid, dash, dot, dashdot, dashdotdot) for main pivot line.
  • Draw main pivot line in Background - draw main pivot line of indicator in back of chart.
  • Color Of support lines - define a color for support lines.
  • Width of support lines - enter 1 to 5 for width of support lines.
  • Style of support lines - enter a style (solid, dash, dot, dashdot, dashdotdot) for support lines.
  • Draw support lines in Background - draw support lines of indicator in back of chart.
  • Color Of resistance lines - define a color for resistance lines.
  • Width of resistance lines - enter 1 to 5 for width of resistance lines.
  • Style of resistance lines - enter a style (solid, dash, dot, dashdot, dashdotdot) for resistance lines.
  • Draw resistance lines in Background - draw resistance lines of indicator in back of chart.
  • Extend Lines to right side - draw line and extend all lines to right side of chart
  • Enable flashing when price touch line - set an item for flashing mode when price touch a line.
  • Draw end of line in - set an item for location of end of line.
  • End of line Position bar number - if you set "DistanceFromCurrentCandle" in "Draw Label in" parameter you can enter a number and end of lines will be drawn at this candle position
  • Enable sound alarm when price touch line - if this parameter set to true when price in candle 0 touch a line, sound will play
  • File name of alarm - this sound play if you enable sound alarm
  • Delay of alarm's sound - delay of alarm's sound in repetition
  • Enable alert when price touch line - if this parameter set to true when price in candle 1 break a line an alert will display
  • Select notify type when price touch line - you can select a notify type when price touch a line
  • Select notify type when price break line - you can select a notify type when price break a line
  • Enable Highlighting line when mouse is over it - if two or more line drop over themselves this item help to you see round line
  • Color of line when it is Highlighting - define a color for highlight mode
  • Style of line when it is Highlighting - define a line style for highlight mode
  • Width of line when it is Highlighting - define width of line for highlight mode
  • Draw line in Back when it is Highlighting - define back drawing mode for highlight mode
  • Indicator ID - if you need to have more than one indicator in a chart, you must define differ ID for every indicator


Hotkeys

  • ' > ' key - increase lightness of indicator objects
  • ' < ' key - decrease lightness of indicator objects
  • ' ? ' key - set lightness to default
  • ' : ' key - increase lightness of indicator objects
  • ' L ' key - decrease lightness of indicator objects
  • ' " ' key - set lightness to default
  • Menu key - show and Hide indicator on chart
Yvonne
451
2017.03.30 18:08 
 

Nice and clean indicator which doesnt clutter up the charts

Maksym Mudrakov
11793
2016.08.30 19:44 
 

User didn't leave any comment to the rating

Alain Verleyen
32008
2014.08.22 22:55 
 

It's working well, but a little naked.

Version 1.60 - 2017.05.30
- Calculate and draw pivot line in every mode that you need
- Change lightness ans saturation of lines color by keyboard keys
- Set to draw extend to left or right side
- define location of end of lines
- Alert, Flashing with sound alarm or none, send email and notify when price touch a line or a line break by price
- Enable highlight a line when mouse is over it
- Useable indicator data for expert programmer when price break a line