/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| Pivot_Fibs.mq4 |
//| Copyright © 2006, Archer Trading, LLC |
//| http://www.archertrading.net/ |
//+------------------------------------------------------------------+
#property copyright "Archer Trading, LLC"
#property link "http://www.archertrading.net/"
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 White
#property indicator_color2 Lime
#property indicator_color3 Lime
#property indicator_color4 Yellow
#property indicator_color5 Yellow
#property indicator_color6 Red
#property indicator_color7 Red
double PBuffer[];
double S1Buffer[];
double R1Buffer[];
double S2Buffer[];
double R2Buffer[];
double S3Buffer[];
double R3Buffer[];
double S0Buffer[];
double R0Buffer[];
string Pivot="Pivot Point",FibS1="S 1", FibR1="R 1";
string FibS2="S 2", FibR2="R 2", FibS3="S 3", FibR3="R 3";
int fontsize=10;
double P,R,S1,R1,S2,R2,S3,R3;
double LastHigh,LastLow,x;
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
ObjectDelete("Pivot");
ObjectDelete("FibS1");
ObjectDelete("FibR1");
ObjectDelete("FibS2");
ObjectDelete("FibR1");
ObjectDelete("FibS3");
ObjectDelete("FibR2");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
SetIndexStyle(0,DRAW_LINE,0,2,White);
SetIndexStyle(1,DRAW_LINE,0,2,Lime);
SetIndexStyle(2,DRAW_LINE,0,2,Lime);
SetIndexStyle(3,DRAW_LINE,0,2,Yellow);
SetIndexStyle(4,DRAW_LINE,0,2,Yellow);
SetIndexStyle(5,DRAW_LINE,0,2,Red);
SetIndexStyle(6,DRAW_LINE,0,2,Red);
SetIndexBuffer(0,PBuffer);
SetIndexBuffer(1,S1Buffer);
SetIndexBuffer(2,R1Buffer);
SetIndexBuffer(3,S2Buffer);
SetIndexBuffer(4,R2Buffer);
SetIndexBuffer(5,S3Buffer);
SetIndexBuffer(6,R3Buffer);
//---- name for DataWindow and indicator subwindow label
short_name="Fibonacci Pivot Points";
IndicatorShortName(short_name);
SetIndexLabel(0,short_name);
//----
SetIndexDrawBegin(0,1);
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
int limit, i;
//---- indicator calculation
if (counted_bars==0)
{
x=Period();
if (x>240) return(-1);
ObjectCreate("Pivot", OBJ_TEXT, 0, 0,0);
ObjectSetText("Pivot", "Pivot",fontsize,"Arial",White);
ObjectCreate("FibS1", OBJ_TEXT, 0, 0, 0);
ObjectSetText("FibS1", "Fib S1",fontsize,"Arial",Lime);
ObjectCreate("FibR1", OBJ_TEXT, 0, 0, 0);
ObjectSetText("FibR1", "Fib R1",fontsize,"Arial",Lime);
ObjectCreate("FibS2", OBJ_TEXT, 0, 0, 0);
ObjectSetText("FibS2", "Fib S2",fontsize,"Arial",Yellow);
ObjectCreate("FibR2", OBJ_TEXT, 0, 0, 0);
ObjectSetText("FibR2", "Fib R2",fontsize,"Arial",Yellow);
ObjectCreate("FibS3", OBJ_TEXT, 0, 0, 0);
ObjectSetText("FibS3", "Fib S3",fontsize,"Arial",Red);
ObjectCreate("FibR3", OBJ_TEXT, 0, 0, 0);
ObjectSetText("FibR3", "Fib R3",fontsize,"Arial",Red);
}
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
// if(counted_bars>0) counted_bars--;
limit=(Bars-counted_bars)-1;
for (i=limit; i>=0;i--)
{
if (High[i+1]>LastHigh) LastHigh=High[i+1];
if (Low[i+1]<LastLow) LastLow=Low[i+1];
if (TimeDay(Time[i])!=TimeDay(Time[i+1]))
{
P=(LastHigh+LastLow+Close[i+1])/3;
R = LastHigh-LastLow;
R1 = P + (R * 0.382);
S1 = P - (R * 0.382);
R2 = P + (R * 0.618);
S2 = P - (R * 0.618);
R3 = P + (R * 0.99);
S3 = P - (R * 0.99);
LastLow=Open[i]; LastHigh=Open[i];
ObjectMove("Pivot", 0, Time[i],P);
ObjectMove("FibS1", 0, Time[i],S1);
ObjectMove("FibR1", 0, Time[i],R1);
ObjectMove("FibS2", 0, Time[i],S2);
ObjectMove("FibR2", 0, Time[i],R2);
ObjectMove("FibS3", 0, Time[i],S3);
ObjectMove("FibR3", 0, Time[i],R3);
}
PBuffer[i]=P;
S1Buffer[i]=S1;
R1Buffer[i]=R1;
S2Buffer[i]=S2;
R2Buffer[i]=R2;
S3Buffer[i]=S3;
R3Buffer[i]=R3;
}
//----
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
Series array that contains open time of each bar
Series array that contains close prices for each bar
Series array that contains open prices of each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: