//+------------------------------------------------------------------+
//| Pivot Point Median.mq4 |
//| Copyright © 2005 Barry Stander |
//| http://www.4Africa.net/4meta/ |
//| Pivot Point Median |
//| Version 1.0 26/08/2005 |
//+------------------------------------------------------------------+
#property copyright "Pivot Point Median Barry_Stander_4@yahoo.com"
#property link "http://www.4Africa.net/4meta/"
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 PaleVioletRed
#property indicator_color2 PaleVioletRed
#property indicator_color3 PaleVioletRed
#property indicator_color4 PaleVioletRed
#property indicator_color5 PaleVioletRed
#property indicator_color6 PaleVioletRed
#property indicator_color7 Black
/*
#property indicator_color1 Black
#property indicator_color2 Red
#property indicator_color3 Blue
#property indicator_color4 Red
#property indicator_color5 Blue
#property indicator_color6 Red
*/
//---- input parameters
//---- buffers
double M0Buffer[];
double M1Buffer[];
double M2Buffer[];
double M3Buffer[];
double M4Buffer[];
double M5Buffer[];
//string Pivot="Pivot Point",Sup1="S 1", Res1="R 1";
//string Sup2="S 2", Res2="R 2", Sup3="S 3", Res3="R 3";
string Med0="M 0",Med1="M 1",Med2="M 2",Med3="M 3",Med4="M 4",Med5="M 5";
int fontsize=10;
double P,S1,R1,S2,R2,S3,R3;
double M0,M1,M2,M3,M4,M5;
double LastHigh,LastLow,x;
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here
//ObjectDelete("Pivot");
ObjectDelete("Med0");
ObjectDelete("Med1");
ObjectDelete("Med2");
ObjectDelete("Med3");
ObjectDelete("Med4");
ObjectDelete("Med5");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexStyle(0,DRAW_LINE,STYLE_DASH,1,indicator_color1);
SetIndexStyle(1,DRAW_LINE,STYLE_DOT,1,indicator_color2);
SetIndexStyle(2,DRAW_LINE,STYLE_DOT,1,indicator_color3);
SetIndexStyle(3,DRAW_LINE,STYLE_DOT,1,indicator_color4);
SetIndexStyle(4,DRAW_LINE,STYLE_DOT,1,indicator_color5);
SetIndexStyle(5,DRAW_LINE,STYLE_DOT,1,indicator_color6);
SetIndexBuffer(0,M0Buffer);
SetIndexBuffer(1,M1Buffer);
SetIndexBuffer(2,M2Buffer);
SetIndexBuffer(3,M3Buffer);
SetIndexBuffer(4,M4Buffer);
SetIndexBuffer(5,M5Buffer);
//---- name for DataWindow and indicator subwindow label
short_name="Pivot Point";
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)
{
x=Period();
//if (x>240) return(-1);
if (x>1440) return(-1);
ObjectCreate("Med0", OBJ_TEXT, 0, 0,0);
ObjectSetText("Med0", " M 0",fontsize,"Arial",indicator_color7);
ObjectCreate("Med1", OBJ_TEXT, 0, 0, 0);
ObjectSetText("Med1", " M 1",fontsize,"Arial",indicator_color7);
ObjectCreate("Med2", OBJ_TEXT, 0, 0, 0);
ObjectSetText("Med2", " M 2",fontsize,"Arial",indicator_color7);
ObjectCreate("Med3", OBJ_TEXT, 0, 0, 0);
ObjectSetText("Med3", " M 3",fontsize,"Arial",indicator_color7);
ObjectCreate("Med4", OBJ_TEXT, 0, 0, 0);
ObjectSetText("Med4", " M 4",fontsize,"Arial",indicator_color7);
ObjectCreate("Med5", OBJ_TEXT, 0, 0, 0);
ObjectSetText("Med5", " M 5",fontsize,"Arial",indicator_color7);
}
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
limit=(Bars-counted_bars)-1;
//limit = ( Period() * 3 ) /24;
/*
Comment( limit ," = " , Bars ," - " ,counted_bars );
if(days <=1 )
days = 2;
if( Period() >= 240 )
limit = ( 1440 /Period() ) * days * 3;
else
limit = ( 1440 /Period() ) * days;
*/
for (i=limit; i>=0;i--)
{
if (High[i+1]>LastHigh) LastHigh=High[i+1];
if (Low[i+1]<LastLow) LastLow=Low[i+1];
if (TimeDay(Time[i])!=TimeDay(Time[i+1]))
{
/*
R3 HIGH - (2 x (LOW - PIVOT)
M5 (R2 + R3) / 2
R2 (PIVOT-S1) + R1
M4 (R2 + R1) / 2
R1 (2 x PIVOT) - LOW
M3 (PIVOT + R1) / 2
PIVOT (HIGH + LOW + CLOSE) / 3
M2 (PIVOT + S1) / 2
S1 (2 x PIVOT) - HIGH
M1 (S2 + S1) / 2
S2 PIVOT- (R1-S1)
M0 (S2 + S3) /2
S3 LOW - (2 x (HIGH - PIVOT)
*/
P=(LastHigh+LastLow+Close[i+1])/3;
R1 = (2*P)-LastLow;
S1 = (2*P)-LastHigh;
R2 = P+(LastHigh - LastLow);
S2 = P-(LastHigh - LastLow);
R3 = (2*P)+(LastHigh-(2*LastLow));
S3 = (2*P)-((2* LastHigh)-LastLow);
M5 = (R2 + R3) / 2 ;
M4 = (R2 + R1) / 2 ;
M3 = (P + R1) / 2 ;
M2 = (P + S1) / 2 ;
M1 = (S2 + S1) / 2 ;
M0 = (S2 + S3) /2 ;
/*
R3 HIGH - (2 x (LOW - PIVOT)
R2 (PIVOT-S1) + R1
S2 PIVOT- (R1-S1)
S3 LOW - (2 x (HIGH - PIVOT)
*/
LastLow=Open[i]; LastHigh=Open[i];
ObjectMove("Med0", 0, Time[i],M0);
ObjectMove("Med1", 0, Time[i],M1);
ObjectMove("Med2", 0, Time[i],M2);
ObjectMove("Med3", 0, Time[i],M3);
ObjectMove("Med4", 0, Time[i],M4);
ObjectMove("Med5", 0, Time[i],M5);
}
M0Buffer[i]=M0;
M1Buffer[i]=M1;
M2Buffer[i]=M2;
M3Buffer[i]=M3;
M4Buffer[i]=M4;
M5Buffer[i]=M5;
SetIndexStyle(0,DRAW_LINE,STYLE_DASH,1,indicator_color1);
SetIndexStyle(1,DRAW_LINE,STYLE_DOT,1,indicator_color2);
SetIndexStyle(2,DRAW_LINE,STYLE_DOT,1,indicator_color3);
SetIndexStyle(3,DRAW_LINE,STYLE_DOT,1,indicator_color4);
SetIndexStyle(4,DRAW_LINE,STYLE_DOT,1,indicator_color5);
SetIndexStyle(5,DRAW_LINE,STYLE_DOT,1,indicator_color6);
}
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 close prices for each bar
Series array that contains open prices of each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: