Pivot Point levels

Input :

1. Choose The pivot point formula :  Classic , Tom DeMark, Camarilla (see beloved the formulas)

2. Trading Method : Jump / Broke     Jump : buy at the support level (S1,S2,S3 and S4 if there is S4)  and Sell at resistance (R1, R2,R3 and R4 if there is any) ; Broke : Sell at support  buy at resistance

3. Time Frame : Daily, 4Hours, 1Hour (to calculate the levels use the data for the time frame chose)

4. Stop loss  and  Stop profit in point (if 0 no stop)

5. Start lot size (Sls): default 0.01

6. Only when we use  Trading Method Jump  if after a lose trade (still open or close) increase the size for the next trade but only with fixed value in input…example : if I have 4 level  set up enter long and if I punt in input this series : 1 ,4, 6, 10 ….if means  that at S1 (fist support) I buy   Sls x 1 if at the S2 the  trade is lose (even if it is still open ) buy Sls x 4….if at S3 if even the second  trade is lose I but Sls x 6…and so on….

    

   Once is choose the Time Frame and the pivot point formula the EA  calculate the set up entry point with the formulas belove. After that put the orders depending if the trading method is Jump or Broke whit the initial lot size and ST/SP make in input.

    

    

   Pivot Point Formula:

    

   Camarilla

   R4 = C + RANGE * 1.1/2
   R3 = C + RANGE * 1.1/4
   R2 = C + RANGE * 1.1/6
   R1 = C + RANGE * 1.1/12
   PP = (HIGH + LOW + CLOSE) / 3
   S1 = C - RANGE * 1.1/12
   S2 = C - RANGE * 1.1/6
   S3 = C - RANGE * 1.1/4
   S4 = C - RANGE * 1.1/2

   Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot Point, S1 through S4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily). C stands for the Closing price.

    

    

   Classic

   R4 = R3 + RANGE (same as: PP + RANGE * 3)
   R3 = R2 + RANGE (same as: PP + RANGE * 2)
   R2 = PP + RANGE
   R1 = (2 * PP) - LOW
   PP = (HIGH + LOW + CLOSE) / 3
   S1 = (2 * PP) - HIGH
   S2 = PP - RANGE
   S3 = S2 - RANGE (same as: PP - RANGE * 2)
   S4 = S3 - RANGE (same as: PP - RANGE * 3)
   
   Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot Point, S1 through S4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily).

    

    

    

   Tom DeMark

    

   Pivot = ((2*H ) + L + C ) / 4  if  close was  greater than open
   ((2*L ) + H + C ) / 4 if  close is  less than open
   ((2*C ) + H + L ) / 4 if  close unchanged
   
   R1 = 2*Pivot - Previous day Low
   R2 = Pivot + Previous day Range {H-L}
   R3 = R1 + Previous Day Range
   
   S1 = 2*Pivot - Previous day high
   S2 = Pivot - Previous day Range
   S3 = S1 - Previous day Range