//| DialyPivot.mq4 |
//| These are the main pivots used by Thomas DeMark |
//| Written by: Ice |
//| |
//+------------------------------------------------------------------+
#property copyright "2005 Free software for trader"
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 Blue
#property indicator_color2 Yellow
#property indicator_color3 Red
#property indicator_color4 Green
#property indicator_color5 Lime
//---- input parameters\
datetime BT[];
double YesterdayHigh[50];
double YesterdayLow[50];
double YesterdayClose[50];
//---- buffers
double PivotArray[];
double R1Array[];
double S1Array[];
double R2Array[];
double S2Array[];
double R3Array[];
double S3Array[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
// Pivot
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,PivotArray);
IndicatorShortName("TDPivot");
SetIndexLabel(0,"Pivot");
// Resistance 1
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(1,R1Array);
SetIndexLabel(1,"R1");
// Support 1
SetIndexStyle(2,DRAW_LINE);
SetIndexBuffer(2,S1Array);
SetIndexLabel(2,"R1");
// Resistance 2
SetIndexStyle(3,DRAW_LINE);
SetIndexBuffer(3,R2Array);
SetIndexLabel(3,"R2");
// Support 2
SetIndexStyle(4,DRAW_LINE);
SetIndexBuffer(4,S2Array);
SetIndexLabel(4,"S2");
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
ArrayResize(BT, Bars); Print("Bars = " + Bars);
// Fill BT with bar open TIME
ArrayCopySeries(BT, MODE_TIME);
// Fill temp arrays with High, Low and Close prices per day
ArrayCopySeries(YesterdayHigh, MODE_HIGH, Symbol(), PERIOD_D1);
ArrayCopySeries(YesterdayLow, MODE_LOW, Symbol(), PERIOD_D1);
ArrayCopySeries(YesterdayClose, MODE_CLOSE, Symbol(), PERIOD_D1);
int od = 0;
int dd = 0;
double Pivot;
double R1;
double S1;
double R2;
double S2;
//Cycle through all the bars and fill the indicator bars with the Pivot point values
for (int i = 0; i <= Bars; i++) {
if (TimeDay(BT[i]) != od) {
dd++;
Pivot = (YesterdayHigh[dd] + YesterdayLow[dd] + YesterdayClose[dd])/3;
R1 = (2*Pivot)-YesterdayLow[dd];
S1 = (2*Pivot)-YesterdayHigh[dd];
R2 = Pivot-S1+R1;
S2 = Pivot-R1+S1;
od = TimeDay(BT[i]);
}
PivotArray[i] = Pivot;
R1Array[i]=R1;
S1Array[i]=S1;
R2Array[i]=R2;
S2Array[i]=S2;
}
//----
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 close prices for each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: