PivotPoints MT04a





//+------------------------------------------------------------------+
//|                                                          PV4.mq4 |
//|                                                        Jim Arner |
//|                                                                  |
//+------------------------------------------------------------------+

#property indicator_chart_window

double day_high;
double day_low;
double yesterday_open;
double today_open;
double cur_day;
double prev_day;
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+

int init()
  {
//---- indicators

//---- indicators

   

//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//---- TODO: add your code here
Comment(" ");

ObjectDelete("P_Line");
ObjectDelete("S1_Line");
ObjectDelete("R1_Line");

ObjectDelete("S2_Line");
ObjectDelete("R2_Line");

ObjectDelete("S3_Line");
ObjectDelete("R3_Line");

ObjectDelete("S0.5_Line");
ObjectDelete("R0.5_Line");

ObjectDelete("S1.5_Line");
ObjectDelete("R1.5_Line");

ObjectDelete("S2.5_Line");
ObjectDelete("R2.5_Line");
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
int cnt=720;
   
   double yesterday_high;
   double yesterday_low;
   double yesterday_close;
   double P,S0.5,R0.5,S1,R1,S1.5,R1.5,S2,R2,S2.5,R2.5,S3,R3;

//---- TODO: add your code here

//---- Get new daily prices & calculate pivots
 day_high=0;
 day_low=0;
 yesterday_open=0;
 today_open=0;
 cur_day=0;
 prev_day=0;

while (cnt!= 0)
{
	if (TimeDayOfWeek(Time[cnt]) == 0)
	{
     cur_day = prev_day;
	}
	else
	{
     cur_day = TimeDay(Time[cnt]);
	}
	
	if (prev_day != cur_day)
	{
		yesterday_close = Close[cnt+1];
		today_open = Open[cnt];
		yesterday_high = day_high;
		yesterday_low = day_low;

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

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

}


P = ((yesterday_high + yesterday_low + yesterday_close)/3);

R1 = (2*P)-yesterday_low;
S1 = (2*P)-yesterday_high;

R0.5 = (P+R1)/2;
S0.5 = (P+S1)/2;

R2 = P+(R1-S1);
S2 = P-(R1-S1);

R1.5 = (R1+R2)/2;
S1.5 = (S1+S2)/2;

R3 = (yesterday_high + (2*(P-yesterday_low)));
S3 = (yesterday_low - (2*(yesterday_high-P)));

R2.5 = (R2+R3)/2;
S2.5 = (S2+S3)/2;

Comment("PV3_10","\nR3=",R3,"\nR2.5=",R2.5,"\nR2=",R2,"\nR1.5=",R1.5,"\nR1=",R1,"\nR0.5=",R0.5,"\nP=",P,"\nS0.5=",S0.5,"\nS1=",S1,"\nS1.5=",S1.5,"\nS2=",S2,"\nS2.5=",S2.5,"\nS3=",S3);

ObjectDelete("P_Line");
ObjectDelete("S1_Line");
ObjectDelete("R1_Line");

ObjectDelete("S2_Line");
ObjectDelete("R2_Line");

ObjectDelete("S3_Line");
ObjectDelete("R3_Line");

ObjectDelete("S0.5_Line");
ObjectDelete("R0.5_Line");

ObjectDelete("S1.5_Line");
ObjectDelete("R1.5_Line");

ObjectDelete("S2.5_Line");
ObjectDelete("R2.5_Line");

ObjectCreate("P_Line", OBJ_HLINE,0, CurTime(),P);
ObjectSet("P_Line",OBJPROP_COLOR,OrangeRed);
ObjectSet("P_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("P_Line",OBJPROP_WIDTH,2);

ObjectCreate("S1_Line", OBJ_HLINE,0, CurTime(),S1);
ObjectSet("S1_Line",OBJPROP_COLOR,Green);
ObjectSet("S1_Line",OBJPROP_STYLE,STYLE_DASH);

ObjectCreate("R1_Line", OBJ_HLINE,0, CurTime(),R1);
ObjectSet("R1_Line",OBJPROP_COLOR,Crimson);
ObjectSet("R1_Line",OBJPROP_STYLE,STYLE_DASH);

ObjectCreate("S2_Line", OBJ_HLINE,0, CurTime(),S2);
ObjectSet("S2_Line",OBJPROP_COLOR,Green);
ObjectSet("S2_Line",OBJPROP_STYLE,STYLE_DASH);

ObjectCreate("R2_Line", OBJ_HLINE,0, CurTime(),R2);
ObjectSet("R2_Line",OBJPROP_COLOR,Crimson);
ObjectSet("R2_Line",OBJPROP_STYLE,STYLE_DASH);

ObjectCreate("S3_Line", OBJ_HLINE,0, CurTime(),S3);
ObjectSet("S3_Line",OBJPROP_COLOR,Green);
ObjectSet("S3_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("S3_Line",OBJPROP_WIDTH,2);

ObjectCreate("R3_Line", OBJ_HLINE,0, CurTime(),R3);
ObjectSet("R3_Line",OBJPROP_COLOR,Maroon);
ObjectSet("R3_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("R3_Line",OBJPROP_WIDTH,2);

ObjectCreate("S0.5_Line", OBJ_HLINE,0, CurTime(),S0.5);
ObjectSet("S0.5_Line",OBJPROP_COLOR,Green);
ObjectSet("S0.5_Line",OBJPROP_STYLE,STYLE_DASHDOT);

ObjectCreate("R0.5_Line", OBJ_HLINE,0, CurTime(),R0.5);
ObjectSet("R0.5_Line",OBJPROP_COLOR,Crimson);
ObjectSet("R0.5_Line",OBJPROP_STYLE,STYLE_DASHDOT);

ObjectCreate("S1.5_Line", OBJ_HLINE,0, CurTime(),S1.5);
ObjectSet("S1.5_Line",OBJPROP_COLOR,Green);
ObjectSet("S1.5_Line",OBJPROP_STYLE,STYLE_DASHDOT);

ObjectCreate("R1.5_Line", OBJ_HLINE,0, CurTime(),R1.5);
ObjectSet("R1.5_Line",OBJPROP_COLOR,Crimson);
ObjectSet("R1.5_Line",OBJPROP_STYLE,STYLE_DASHDOT);

ObjectCreate("S2.5_Line", OBJ_HLINE,0, CurTime(),S2.5);
ObjectSet("S2.5_Line",OBJPROP_COLOR,Green);
ObjectSet("S2.5_Line",OBJPROP_STYLE,STYLE_DASHDOT);

ObjectCreate("R2.5_Line", OBJ_HLINE,0, CurTime(),R2.5);
ObjectSet("R2.5_Line",OBJPROP_COLOR,Crimson);
ObjectSet("R2.5_Line",OBJPROP_STYLE,STYLE_DASHDOT);

ObjectsRedraw();

   return(0);
  }
//+------------------------------------------------------------------+



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 open prices of 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:


Indicators Used:



Custom Indicators Used:

Order Management characteristics:

Other Features: