//+------------------------------------------------------------------+
//| WeeklyPivot.mq4 |
//| I found the original indicator in TSD forum posted by heliyaun. |
//| I don´t know how wrote it. |
//| I like it because have mondays fixed for broker with GMT outside |
//| london time. |
//| So, I added some stuff, labels, fix, etc. and them, I wrote the|
//| Medians SR, and then, I wrote the same for Monthlies |
//| |
//| Enjoy. |
//| |
//| Linuxser, January 2007 |
//| |
//+------------------------------------------------------------------+
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 Brown
#property indicator_color2 Salmon
#property indicator_color3 MediumOrchid
#property indicator_color4 HotPink
#property indicator_color5 MediumPurple
#property indicator_color6 Violet
#property indicator_color7 Orchid
//---- input parameters
extern color SupportLabelColor=Violet;
extern color ResistanceLabelColor=Salmon;
extern color PivotLabelColor=Brown;
extern int fontsize=10;
extern int LabelShift = 0;
//---- buffers
double MPBuffer[];
double MS1Buffer[];
double MR1Buffer[];
double MS2Buffer[];
double MR2Buffer[];
double MS3Buffer[];
double MR3Buffer[];
string Pivot="MonthlyPivotPoint",Sup1="M_S 1", Res1="M_R 1";
string Sup2="M_S 2", Res2="M_R 2", Sup3="M_S 3", Res3="M_R 3";
double MP,MS1,MR1,MS2,MR2,MS3,MR3;
double last_month_high, last_month_low, this_month_open, last_month_close;
datetime LabelShiftTime;
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here
ObjectDelete("monthlyPivot");
ObjectDelete("MSup1");
ObjectDelete("MRes1");
ObjectDelete("MSup2");
ObjectDelete("MRes2");
ObjectDelete("MSup3");
ObjectDelete("MRes3");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexStyle(0,DRAW_LINE,EMPTY);
SetIndexStyle(1,DRAW_LINE,EMPTY);
SetIndexStyle(2,DRAW_LINE,EMPTY);
SetIndexStyle(3,DRAW_LINE,EMPTY);
SetIndexStyle(4,DRAW_LINE,EMPTY);
SetIndexStyle(5,DRAW_LINE,EMPTY);
SetIndexStyle(6,DRAW_LINE,EMPTY);
SetIndexBuffer(0,MPBuffer);
SetIndexBuffer(1,MS1Buffer);
SetIndexBuffer(2,MR1Buffer);
SetIndexBuffer(3,MS2Buffer);
SetIndexBuffer(4,MR2Buffer);
SetIndexBuffer(5,MS3Buffer);
SetIndexBuffer(6,MR3Buffer);
//---- name for DataWindow and indicator subwindow label
short_name="Pivot Point Monthly";
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)
{
if(Period() > 1440)
{
Print("Error - Chart period is greater than 1 day.");
return(-1); // then exit
}
}
if(counted_bars<0) return(-1);
limit=(Bars-counted_bars)-1;
for (i=limit; i>=0;i--)
{
// Monday
if(TimeDay(Time[i])<=3 && TimeDay(Time[i+1])>=26)
{
last_month_close = Close[i+1];
this_month_open = Open[i];
// monthlyPivot
MP = (last_month_high + last_month_low + last_month_close) / 3;
MR1 = (2*MP)-last_month_low;
MS1 = (2*MP)-last_month_high;
MR2 = MP+(last_month_high - last_month_low);
MS2 = MP-(last_month_high - last_month_low);
MR3 = (2*MP)+(last_month_high-(2*last_month_low));
MS3 = (2*MP)-((2* last_month_high)-last_month_low);
last_month_low=Low[i]; last_month_high=High[i];
LabelShiftTime = Time[LabelShift];
ObjectCreate("MonthlyPivot", OBJ_TEXT, 0,LabelShiftTime,0);
ObjectSetText("MonthlyPivot", " Monthly Pivot Point "+DoubleToStr(MP,4),fontsize,"Arial",PivotLabelColor);
SetIndexLabel(0, "Monthly Pivot Point");
ObjectCreate("MSup1", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MSup1", " Mo S1 "+DoubleToStr(MS1,4),fontsize,"Arial",SupportLabelColor);
SetIndexLabel(1, "MSup1");
ObjectCreate("MRes1", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MRes1", " Mo R1 "+DoubleToStr(MR1,4),fontsize,"Arial",ResistanceLabelColor);
SetIndexLabel(2, "MRes1");
ObjectCreate("MSup2", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MSup2", " Mo S2 "+DoubleToStr(MS2,4),fontsize,"Arial",SupportLabelColor);
SetIndexLabel(3, "MSup2");
ObjectCreate("MRes2", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MRes2", " Mo R2 "+DoubleToStr(MR2,4),fontsize,"Arial",ResistanceLabelColor);
SetIndexLabel(4, "MRes2");
ObjectCreate("MSup3", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MSup3", " Mo S3 "+DoubleToStr(MS3,4),fontsize,"Arial",SupportLabelColor);
SetIndexLabel(5, "MSup3");
ObjectCreate("MRes3", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MRes3", " Mo R3 "+DoubleToStr(MR3,4),fontsize,"Arial",ResistanceLabelColor);
SetIndexLabel(6, "MRes3");
ObjectMove("MonthlyPivot", 0, LabelShiftTime,MP);
ObjectMove("MSup1", 0, LabelShiftTime,MS1);
ObjectMove("MRes1", 0, LabelShiftTime,MR1);
ObjectMove("MSup2", 0, LabelShiftTime,MS2);
ObjectMove("MRes2", 0, LabelShiftTime,MR2);
ObjectMove("MSup3", 0, LabelShiftTime,MS3);
ObjectMove("MRes3", 0, LabelShiftTime,MR3);
}
last_month_high = MathMax(last_month_high, High[i]);
last_month_low = MathMin(last_month_low, Low[i]);
MPBuffer[i]=MP;
MS1Buffer[i]=MS1;
MR1Buffer[i]=MR1;
MS2Buffer[i]=MS2;
MR2Buffer[i]=MR2;
MS3Buffer[i]=MS3;
MR3Buffer[i]=MR3;
}
//----
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:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: