//+------------------------------------------------------------------+
//| TimeZone Pivots.mq4 |
//| Copyright © 2005,|
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005"
#property link ""
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_color1 DarkOrange
#property indicator_color2 Khaki
#property indicator_color3 Khaki
#property indicator_color4 Khaki
#property indicator_color5 Khaki
#property indicator_color6 DarkViolet
#property indicator_color7 Blue
#property indicator_color8 Red
//#property indicator_color4 Gray
//---- input parameters
extern int Offset=14; // Number of pips above/below days open price
extern int TimeZoneOfData=0; // by default if time zone of data is at GMT 0
//---- buffers
double PivotArray[];
double R1Array[];
double S1Array[];
double R2Array[];
double S2Array[];
double R3Array[];
double S3Array[];
double TodayOpenBuffer[];
double YesterdayCloseBuffer[];
double YesterdayHighBuffer[];
double YesterdayLowBuffer[];
//---- variables
int indexbegin = 0;
double todayopen = 0;
double yesterdayclose = 0;
double barhigh = 0;
double dayhigh = 0;
double yesterdayhigh = 0;
double barlow = 0;
double daylow = 0;
double yesterdaylow = 0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
// Pivot
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,PivotArray);
IndicatorShortName("TDPivot");
SetIndexLabel(0,"Pivot");
SetIndexEmptyValue(0, 0.0);
// Resistance 1
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(1,R1Array);
SetIndexLabel(1,"R1");
SetIndexEmptyValue(1, 0.0);
// Support 1
SetIndexStyle(2,DRAW_LINE);
SetIndexBuffer(2,S1Array);
SetIndexLabel(2,"R1");
SetIndexEmptyValue(2, 0.0);
// Resistance 2
SetIndexStyle(3,DRAW_LINE);
SetIndexBuffer(3,R2Array);
SetIndexLabel(3,"R2");
SetIndexEmptyValue(3, 0.0);
// Support 2
SetIndexStyle(4,DRAW_LINE);
SetIndexBuffer(4,S2Array);
SetIndexLabel(4,"S2");
SetIndexEmptyValue(4, 0.0);
// You may also display the previous day close - high - low
//Daily Close
SetIndexStyle(5, DRAW_LINE);
SetIndexBuffer(5, YesterdayCloseBuffer);
SetIndexLabel(5, "Yesterday Close");
SetIndexEmptyValue(5, 0.0);
// Daily High
SetIndexStyle(6, DRAW_LINE);
SetIndexBuffer(6, YesterdayHighBuffer);
SetIndexLabel(6, "Low Target");
SetIndexEmptyValue(6, 0.0);
// Daily Low
SetIndexStyle(7, DRAW_LINE);
SetIndexBuffer(7, YesterdayLowBuffer);
SetIndexLabel(7, "High Target");
SetIndexEmptyValue(7, 0.0);
//----
indexbegin = Bars - 20;
if (indexbegin < 0)
indexbegin = 0;
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int i;
int counted_bars = IndicatorCounted();
double Pivot;
double R1;
double S1;
double R2;
double S2;
//---- check for possible errors
if (counted_bars < 0) counted_bars = 0;
//---- last counted bar will be recounted
if (counted_bars > 0) counted_bars--;
if (counted_bars > indexbegin) counted_bars = indexbegin;
for (i = indexbegin-counted_bars; i >= 0; i--)
{
if ( i == indexbegin-counted_bars)
{
dayhigh = High[i];
daylow = Low[i];
}
barlow = Low[i];
barhigh = High[i];
if ( barhigh >= dayhigh)
dayhigh = barhigh;
if ( barlow <= daylow)
daylow = barlow;
//Cycle through all the bars and fill the indicator bars with the Pivot point values
if ((TimeMinute(Time[i]) == 00) && (TimeHour(Time[i]) - TimeZoneOfData == 00))
{todayopen = Open[i];
yesterdayclose = Close[i+1];
yesterdaylow = daylow;
daylow = Low [i]; // input new day value
yesterdayhigh = dayhigh;
dayhigh = High [i]; // input new day value
Pivot = (yesterdayhigh + yesterdaylow + yesterdayclose)/3;
R1 = (2*Pivot)-yesterdaylow;
S1 = (2*Pivot)-yesterdayhigh;
}
//These can be used for any calculations
TodayOpenBuffer[i] = todayopen;
YesterdayHighBuffer[i] = yesterdayclose-(Offset*Point);
YesterdayLowBuffer[i] = yesterdayclose+(Offset*Point);
}
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 open prices of each bar
Series array that contains close prices for each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: