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All in One Pivot Point

This indicator calculates (Hourly, Daily, Weekly, Monthly) pivot point, support and resistance price with different formulation (Classic, Camarilla, Woodie, DeMark, Floor, Fibonacci) and then adds lines on the chart. Line color and style can be changed with input parameters. And you can choose alert type (Alarm activated when price reach any pivot price).

Input Parameters

1. Calculation Method Option (Method = Classic, Camarilla, Woodie, DeMark, Floor, Fibonacci).

Formulations (https://www.mql5.com/en/articles/1465) and

  • Floor
    • PivotPrice = (High+Low+Close)/3
    • R1 Price = (2*PivotPrice)-Low S1 Price = (2*PivotPrice)-High
    • R2 Price = (PivotPrice-S1Price)+R1Price S2 Price = PivotPrice-(R1Price-S1Price)
    • R3 Price = (PivotPrice-S1Price)+R2Price S3 Price = PivotPrice-(R2Price-S1Price)
  • Fibonacci
    • PivotPrice = (High+Low+Close)/3 Range = High-Low
    • R1 Price = PivotPrice+ (0.382*Range) S1 Price = PivotPrice - (0.382*Range)
    • R2 Price = PivotPrice+ (0.618*Range) S2 Price = PivotPrice - (0.618*Range)
    • R3 Price = PivotPrice+ (1*Range) S3 Price = PivotPrice - (1*Range)

2. Time Period Option (TPeriod = Hourly, Daily, Weekly, Monthly).

  • Hourly = Prior Hour Prices (High, Low, Close)
  • Daily = Prior Dair Prices (High, Low, Close)
  • Weekly = Prior Week Prices (High, Low, Close)
  • Monthly = Prior Month Prices (High, Low, Close)

3. Show S4R4 Lines Option (ShowS4R4Lines true = Show S4 and R4 price lines, false = Hide S4 and R4 price lines).

4. Show Comment Line Option (ShowComment true = Write High, Low and Close Price; Calculation Method; Period on chart).

5. Line Style Option (ShortLines=true,false) Short Lines or Long Lines.

6. Line Name Option (ShowLineName=true,false) Line Name Visible or Unvisible.

7. Alert Option (AlarmType=Push Message, Send Email or Sound Alert).

Important! Alert Option cannot be used in the Strategy Tester.

Alarm activated when price reach any pivot price (S1,S2,S3,S4,R1,R2,R3,R4 and PP).

  • If you choose to Push Message, you must configure the push notification settings (Tools > Options > Notifications).
  • If you choose to Send Email, you must configure the E-Mail settings (Tools > Options > EMail).
  • MaxPipDeviation = 0,1,2,3,4,5...n (Alarm activation sensibility) example : price:1.089 / S1:1.092 / MaxPipDeviation:3(pip) = 1.089+0.003 => 1.092 and alarm rang.

Kind Regards.

baxplech
55
2017.01.02 18:01 
 

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