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Pivot Lines

5

Description

Pivot Lines is a universal color multicurrency/multisymbol indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old, Standard New and Fibo. It plots pivot levels for financial instruments in both windows simultaneously.

The system will automatically calculate the Pivot Point on the basis of market data for the previous day (PERIOD_D1) or week (PERIOD_W1) 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).


Inputs

  1. Currency_Name - the name of the financial instrument.
  2. Calc_Method - the Pivot Points calculation method:
    • Standard Old.
    • Standard New.
    • Fibonacci.
  3. Calc_Period - the Pivot Points calculation method:
    • Daily.
    • Weekly.
  4. Style - style of the line:
    • solid line (by default).
    • dashed line.
    • dotted line.
    • dashed and dotted line.
    • dashed and double dotted line.
  5. Width - width of the line (allowable values - 1, 2, 3, 4 and 5).
  6. Symbol_Right_Price - permission to display price tags.
  7. Bars_Number - the number of bars to be displayed in a separate window.
  8. 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.
  9. Bulls_Color - the color of the bullish candlestick.
  10. Bears_Color - the color of the bearish candlestick.
  11. Bid_Line_Color - color of the Bid line.


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. Main Window:
    • Pivot Point - buffer 0.
    • Support level 1 - buffer 1.
    • Support level 2 - buffer 2.
    • Support level 3 - buffer 3.
    • Resistance level 1 - buffer 4.
    • Resistance level 2 - buffer 5.
    • Resistance level 3 - buffer 6.
  2. Separate Window:
    • Pivot Point - buffer 8.
    • Support level 1 - buffer 9.
    • Support level 2 - buffer 10.
    • Support level 3 - buffer 11.
    • Resistance level 1 - buffer 12.
    • Resistance level 2 - buffer 13.
    • Resistance level 3 - buffer 14.

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. Calc_Period - Daily:
    • PERIOD_M1: the shift and the step = 1 440.
    • PERIOD_M5: the shift and the step = 288.
    • PERIOD_M15: the shift and the step = 96.
    • PERIOD_M30: the shift and the step = 48.
    • PERIOD_H1: the shift and the step = 24.
    • PERIOD_H4: the shift and the step = 6.
    • PERIOD_D1: the shift and the step = 1.
  2. Calc_Period - Weekly:
    • PERIOD_M1: the shift and the step = 7 200.
    • PERIOD_M5: the shift and the step = 1 440.
    • PERIOD_M15: the shift and the step = 480.
    • PERIOD_M30: the shift and the step = 240.
    • PERIOD_H1: the shift and the step = 120.
    • PERIOD_H4: the shift and the step = 30.
    • PERIOD_D1: the shift and the step = 5.
    • PERIOD_W1: the shift and the step = 1.


Limitations

Chart for each financial instrument cannot be displayed in a separate window more than twice. Otherwise, you receive an error message related to its re-use and will be offered to select another financial instrument.


Recommendations

It is recommended to use the indicator with Bars_Number parameter 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.

Reviews 1
pnutfx503
1525
pnutfx503 2017.04.27 07:36 
 

Great service everyone shoud be using pivots

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Tired of complex order placement and manual calculations? Trade Dashboard is your solution. With its user-friendly interface, placing orders becomes effortless, by a single click, you can open trades, set stop loss and take profit levels, manage trade lot size, and calculate risk to reward ratios, allowing you to only focus on your strategy. Say goodbye to manual calculations and streamline your trading experience with Trade Dashboard. Download   demo version  right now. You can find details
The product will copy all  Discord  signal   to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT4. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrade
Custom Ultimate Sniper Dashboard
Hispraise Chinedum Abraham
5 (2)
Custom Ultimate Sniper Dashboard MT4 Once you purchase, send a message to my inbox for manual. Are you tired of missing out on profitable trades because you can't keep up with market movements? Look no further because the Custom Ultimate Sniper Dashboard is here to help. This EA upgrade to the original Ultimate Sniper Dashboard indicator is specifically designed for users of the Meta Trader 4 (MT4) platform, and it packs a punch with its impressive arsenal of 98 algorithms. These algorithms wo
MT4 to Discord
Trinh Dat
4.29 (7)
The Expert Advisor will send notifications via Discord when orders are opened/modified/closed on your MetaTrader 4 account. - Send message and screenshot to Discord group/channel.  - Easy to customize message.  - Support custom message for all languages - Support full Emoji.  - Send report Daily, Weekly, Monthly ( must show all history of orders ) Parameters - Discord url Webhook - create webhook on your Discord channel. - Magic number filter - default all, or input magic number to notify with
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Description A universal colored indicator of moving averages: Moving Average, Double Moving Average, Triple Moving Average . The indicator provides various opportunities for the analysis of prices based on different ways of constructing moving averages in the window of the main financial instrument. You can color bullish and bearish moods. Inputs MA_Type - type of multiplicity: Moving Average. Double Moving Average. Triple Moving Average. MA_Period - the MA period. MA_Method - the averaging me
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Description Candlesticks is a colored multicurrency/multy-symbol indicator. It shows a financial instrument as a candlestick chart in a separate window below the chart of the main financial symbo. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrume
Description Candlestick Tools  is a colored multicurrency/multy-symbol indicator. It shows one of four standard indicators as a candlestick chart in a separate window below the chart of the main financial symbol. The indicator is calculated based on one of two indicators included in the standard package of the МetaТrader 4 terminal: CCI - Commodity Channel Index. RSI - Relative Strength Index. The default indicator is Commodity Channel Index. The indicator may be used with any broker, irrespecti
Pivot Pro
Igor Semyonov
Description Pivot Pro  is a universal color indicator of the  Pivot Points  levels systems. You can select one of its three versions:  Standard   Old , Standard New  and  Fibo . 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. Only a method of calculation of the third level of supp
Description The indicator is intended for labeling the chart using horizontal levels and/or half-round prices. The indicator works on any financial instrument regardless of the name and the number of digits. A user can choose colors for the indicator lines. Input Parameters Calc_Method - method of calculation of the lines: levels of round prices. levels of half-round prices. Digits_Accepted - flag for calculating the levels according to number of decimal places in the quotes of a financial ins
Description A colored universal multicurrency/multi-symbol indicator MACD Line Smart (the indicator moving average convergence divergence is displayed as a histogram) based on double or triple moving average .  Comparing to the standard MACD this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a
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pnutfx503
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pnutfx503 2017.04.27 07:36 
 

Great service everyone shoud be using pivots

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Version 1.31 2020.04.01
Updating
Version 1.30 2017.03.30
The indicator algorithm is brought into compliance with the requirements of the latest MQL4 language version as of the current publication date.