//+------------------------------------------------------------------+
//| Monthly Pivot |
//| Copyright © 2006, Profitrader |
//| Coded/Verified by Profitrader |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Profitrader."
#property link "profitrader@inbox.ru"
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 Navy
#property indicator_color2 White
#property indicator_color3 White
#property indicator_color4 White
#property indicator_color5 White
#property indicator_color6 White
#property indicator_color7 White
//---- buffers
double PBuffer[];
double S1Buffer[];
double R1Buffer[];
double S2Buffer[];
double R2Buffer[];
double S3Buffer[];
double R3Buffer[];
double P,S1,R1,S2,R2,S3,R3,last_month_high,last_month_low,last_month_close,this_month_open;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
SetIndexBuffer(0,PBuffer);
SetIndexBuffer(1,S1Buffer);
SetIndexBuffer(2,R1Buffer);
SetIndexBuffer(3,S2Buffer);
SetIndexBuffer(4,R2Buffer);
SetIndexBuffer(5,S3Buffer);
SetIndexBuffer(6,R3Buffer);
SetIndexStyle(0,DRAW_LINE,0,2);
SetIndexStyle(1,DRAW_LINE,2,1);
SetIndexStyle(2,DRAW_LINE,2,1);
SetIndexStyle(3,DRAW_LINE,2,1);
SetIndexStyle(4,DRAW_LINE,2,1);
SetIndexStyle(5,DRAW_LINE,2,1);
SetIndexStyle(6,DRAW_LINE,2,1);
SetIndexLabel(0,"Monthly Pivot Point");
SetIndexLabel(1,"Monthly MidSupport 1");
SetIndexLabel(2,"Monthly MidResistant 1");
SetIndexLabel(3,"Monthly MidSupport 2");
SetIndexLabel(4,"Monthly MidResistant 2");
SetIndexLabel(5,"Monthly MidSupport 3");
SetIndexLabel(6,"Monthly MidResistant 3");
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
ObjectDelete("Monthly Pivot");
ObjectDelete("Monthly MSup1");
ObjectDelete("Monthly MRes1");
ObjectDelete("Monthly MSup2");
ObjectDelete("Monthly MRes2");
ObjectDelete("Monthly MSup3");
ObjectDelete("Monthly MRes3");
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int i,counted_bars=IndicatorCounted();
//---- check for possible errors
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
int limit=Bars-counted_bars;
if(Period()>PERIOD_D1) return(-1);
if(counted_bars==0)
{
ObjectCreate("Monthly Pivot",OBJ_TEXT,0,0,0);
ObjectSetText("Monthly Pivot"," Monthly Pivot Point",8,"Arial",Navy);
ObjectCreate("Monthly MSup1",OBJ_TEXT,0,0,0);
ObjectSetText("Monthly MSup1"," mmS 1",8,"Arial",White);
ObjectCreate("Monthly MRes1",OBJ_TEXT,0,0,0);
ObjectSetText("Monthly MRes1"," mmR 1",8,"Arial",White);
ObjectCreate("Monthly MSup2",OBJ_TEXT,0,0,0);
ObjectSetText("Monthly MSup2"," mmS 2",8,"Arial",White);
ObjectCreate("Monthly MRes2",OBJ_TEXT,0,0,0);
ObjectSetText("Monthly MRes2"," mmR 2",8,"Arial",White);
ObjectCreate("Monthly MSup3",OBJ_TEXT,0,0,0);
ObjectSetText("Monthly MSup3"," mmS 3",8,"Arial",White);
ObjectCreate("Monthly MRes3",OBJ_TEXT,0,0,0);
ObjectSetText("Monthly MRes3"," mmR 3",8,"Arial",White);
}
for(i=limit-1; i>=0; i--)
{
// 1sts Days of Month
if(TimeDay(Time[i])<=3 && TimeDay(Time[i+1])>=26)
{
last_month_close=Close[i+1];
this_month_open=Open[i];
P=(last_month_high+last_month_low+last_month_close+this_month_open)/4;
R1=(((2*P)-last_month_low)-P)/2 +P;
S1=(((2*P)-last_month_high)-P)/2 +P;
R2=((P+(last_month_high-last_month_low))-((2*P)-last_month_low))/2 + (2*P)-last_month_low;
S2=(((2*P)-last_month_high)-(P-(last_month_high-last_month_low)))/2 + P-(last_month_high-last_month_low);
R3=((2*P)+(last_month_high-(2*last_month_low)) - (P+(last_month_high-last_month_low)))/2 + P+(last_month_high-last_month_low);
S3=((P-(last_month_high-last_month_low))-((2*P)-((2*last_month_high)-last_month_low)))/2 + (2*P)-((2*last_month_high)-last_month_low);
ObjectMove("Monthly Pivot",0,Time[i],P);
ObjectMove("Monthly MSup1",0,Time[i],S1);
ObjectMove("Monthly MRes1",0,Time[i],R1);
ObjectMove("Monthly MSup2",0,Time[i],S2);
ObjectMove("Monthly MRes2",0,Time[i],R2);
ObjectMove("Monthly MSup3",0,Time[i],S3);
ObjectMove("Monthly MRes3",0,Time[i],R3);
last_month_low=Low[i];
last_month_high=High[i];
}
last_month_low=MathMin(last_month_low,Low[i]);
last_month_high=MathMax(last_month_high,High[i]);
PBuffer[i]=P;
S1Buffer[i]=S1;
R1Buffer[i]=R1;
S2Buffer[i]=S2;
R2Buffer[i]=R2;
S3Buffer[i]=S3;
R3Buffer[i]=R3;
}
//----
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 lowest prices of each bar
Series array that contains the highest prices of each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: