gStdPivots





//+------------------------------------------------------------------+
//|              cam_H2_H5_Historical_V4.mq4           gStdPivots.mq4|
//|                      Copyright © 2005, MetaQuotes Software Corp. |
//|                                        http://www.metaquotes.net |
//| Modified to chart historical camarilla pivots by MrPip           |
//| 3/28/06 Fixed problem of Sunday/Monday pivots                    |
//|         and added some ideas from goodtiding5 (Kenneth Z.) 
//| 10/18/06 Modified by Stache to convert to std pivots      |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net"

#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 Yellow
#property indicator_width1 1
#property indicator_style1 3
#property indicator_color2 DodgerBlue
#property indicator_width2 1
#property indicator_style2 3
#property indicator_color3 FireBrick
#property indicator_width3 1
#property indicator_style3 3
#property indicator_color4 Magenta
#property indicator_width4 1
#property indicator_style4 1
#property indicator_color5 FireBrick
#property indicator_width5 1
#property indicator_style5 3
#property indicator_color6 DodgerBlue
#property indicator_width6 1
#property indicator_style6 3
#property indicator_color7 Yellow
#property indicator_width7 1
#property indicator_style7 3



//---- input parameters

extern int  GMTshift=0;
extern color RColor = Green;
extern color SColor= Red;
extern int fontsize=10;
extern int LabelShift=20;


double R3Buffer[];
double R2Buffer[];
double R1Buffer[];
double PivotBuffer[];
double S1Buffer[];
double S2Buffer[];
double S3Buffer[];

double P, R1,R2,R3,S1,S2,S3;

double prev_high=0;
double prev_low=0;
double prev_close=0;
double cur_day=0;
double prev_day=0;
double day_high=0;
double day_low=0;

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
   IndicatorBuffers(7);
//---- indicators
   SetIndexStyle(0,DRAW_LINE);
   SetIndexBuffer(0,R3Buffer);
   SetIndexStyle(1,DRAW_LINE);
   SetIndexBuffer(1,R2Buffer);
   SetIndexStyle(2,DRAW_LINE);
   SetIndexBuffer(2,R1Buffer);
   SetIndexStyle(3,DRAW_LINE);
   SetIndexBuffer(3,PivotBuffer);
   SetIndexStyle(4,DRAW_LINE);
   SetIndexBuffer(4,S1Buffer);
   SetIndexStyle(5,DRAW_LINE);
   SetIndexBuffer(5,S2Buffer);
   SetIndexStyle(6,DRAW_LINE);
   SetIndexBuffer(6,S3Buffer);
   SetIndexLabel(0,"S3");
   SetIndexLabel(1,"S2");
   SetIndexLabel(2,"S1");
   SetIndexLabel(3,"Pivot");
   SetIndexLabel(4,"R1");
   SetIndexLabel(5,"R2");
   SetIndexLabel(6,"R3");
   
//----
//   IndicatorShortName("gStdPivots);
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//---- TODO: add your code here
   ObjectDelete("CamPivot");
   ObjectDelete("ResH2");
   ObjectDelete("ResH3");
   ObjectDelete("ResH4");
   ObjectDelete("ResH5");  
   ObjectDelete("ResH4");
   ObjectDelete("ResH5"); 
//----
   return(0);
  }

//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   int    counted_bars=IndicatorCounted();
   int cnt, limit;

//---- exit if period is greater than 4 hr charts
   if(Period() > 240)
   {
      Alert("Error - Chart period is greater than 4 Hr.");
      return(-1); // then exit
   }
   if(counted_bars<0) return(-1);

//---- last counted bar will be recounted
//   if(counted_bars>0) counted_bars--;

//   limit=(Bars-counted_bars)-1;
   limit=counted_bars;

//---- Get new daily prices & calculate pivots

   for (cnt=limit;cnt >=0;cnt--)
   {
   	if (TimeDayOfWeek(Time[cnt]) == 0)
	   {
        cur_day = prev_day;
	   }
	   else
	   {
        cur_day = TimeDay(Time[cnt]- (GMTshift*3600));
	   }
	   
   	if (prev_day != cur_day)
   	{
	   	prev_close = Close[cnt+1];
		   prev_high = day_high;
		   prev_low = day_low;

	      day_high = High[cnt];
 	      day_low  = Low[cnt];

   P  = (prev_high + prev_low + prev_close)/3;//Pivot
   R1 = (2*P)-prev_low;
   S1 = (2*P)-prev_high;
   R2 = P+(prev_high - prev_low);
   S2 = P-(prev_high - prev_low);
   R3 = (2*P)+(prev_high-(2*prev_low));
   S3 = (2*P)-((2* prev_high)-prev_low); 


		   prev_day = cur_day;
	   }
      if (High[cnt]>day_high)
      {
         day_high = High[cnt];
      }
      if (Low[cnt]<day_low)
      {
         day_low = Low[cnt];
      }
      
      
      
//         day_low=Open[cnt]; day_high=Open[cnt];
      
      

//---  Draw  Pivot lines on chart

      PivotBuffer[cnt]=P;
      R3Buffer[cnt]=R3;
      R2Buffer[cnt]=R2;
      R1Buffer[cnt]=R1;
      S1Buffer[cnt]=S1;
      S2Buffer[cnt]=S2;
      S3Buffer[cnt]=S3;
   }

   if (cur_day == TimeDay(CurTime()))   DisplayLabels();
//----
   return(0);
  }

void DisplayLabels()
{
      if(ObjectFind("CamPivot") != 0)
      {
        ObjectCreate("StsPivot", OBJ_TEXT, 0, 0,0);
        ObjectSetText("StdPivot", "                 Pivot",fontsize,"Arial",Yellow);
      }
      else
      {
        ObjectMove("StdPivot", 0, Time[20],P);
      }
      
      if(ObjectFind("Res 3") != 0)
      {
      ObjectCreate("Res 3", OBJ_TEXT, 0, 0, 0);
      ObjectSetText("Res 3", "      R 3",fontsize,"Arial",RColor);
      }
      else
      {
         ObjectMove("Res 3", 0, Time[20],R3);
      }
      
      if(ObjectFind("Res 2") != 0)
      {
      ObjectCreate("Res 2", OBJ_TEXT, 0, 0, 0);
      ObjectSetText("Res 2", "      R 2",fontsize,"Arial",RColor);
      }
      else
      {
         ObjectMove("Res 2", 0, Time[20],R2);
      }
      
      if(ObjectFind("Res 1") != 0)
      {
      ObjectCreate("Res 1", OBJ_TEXT, 0, 0, 0);
      ObjectSetText("Res 1", "      R 1",fontsize,"Arial",RColor);
      }
      else
      {
         ObjectMove("Res 1", 0, Time[20],R1);
      }
      
      if(ObjectFind("Sup 1") != 0)
      {
      ObjectCreate("Sup 1", OBJ_TEXT, 0, 0, 0);
      ObjectSetText("Sup 1", "      S 1",fontsize,"Arial",SColor);
      }
      else
      {
         ObjectMove("Sup 1", 0, Time[20],S1);
      }
      
      if(ObjectFind("Sup 2") != 0)
      {
      ObjectCreate("Sup 2", OBJ_TEXT, 0, 0, 0);
      ObjectSetText("Sup 2", "      S 2",fontsize,"Arial",SColor);
      }
      else
      {
         ObjectMove("Sup 2", 0, Time[20],S2);
      }
      if(ObjectFind("Sup 3") != 0)
      {
      ObjectCreate("Sup 3", OBJ_TEXT, 0, 0, 0);
      ObjectSetText("Sup 3", "      S 3",fontsize,"Arial",SColor);
      }
      else
      {
         ObjectMove("Sup 3", 0, Time[20],S3);
      }
      
      
}
//+------------------------------------------------------------------+



Sample





Analysis



Market Information Used:

Series array that contains open time of each bar
Series array that contains close prices for each bar
Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar


Indicator Curves created:

Implements a curve of type DRAW_LINE


Indicators Used:



Custom Indicators Used:

Order Management characteristics:

Other Features:

It issuies visual alerts to the screen