//+------------------------------------------------------------------+
//| Included is the PRICE based Pivot calculator |
//| (Daily Pivot,R1,R2,R3 & S1,S2,S3) |
//| |
//| Email: Xard777@connectfree.co.uk |
//+------------------------------------------------------------------+
#property copyright ""
#property link ""
#property indicator_chart_window
extern int P = 5; //How many days back /0 = curr day/ 1 = yesterday/ 2= 2days ago
extern color PivotColor = Black; // Color of both the label and level
extern color MidColor = Black; // Color of both the label and level
extern color MidMidColor = Black; // Color of both the label and level
//---- input parameters ----
int fontsize = 10;
double LastHigh, LastLow, x;
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
ObjectsDeleteAll();
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- Name for DataWindow and indicator subwindow label
IndicatorShortName("XA");
SetIndexDrawBegin(0,1);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS));
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(counted_bars < 0)
return(-1);
//---- last counted bar will be recounted
limit = (Bars - counted_bars) - 1;
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]))
{
LastLow = Open[i];
LastHigh = Open[i];
}
//---- Pivot Setup ----
double rates[1][6],yesterday_volume,yesterday_close,yesterday_high,yesterday_low,yesterday_open;
ArrayCopyRates(rates, Symbol(), PERIOD_D1);
if(DayOfWeek() == 1)
{
if(TimeDayOfWeek(iTime(Symbol(),PERIOD_D1,1)) == 5)
{
yesterday_volume = rates[1][5];
yesterday_close = rates[1][4];
yesterday_high = rates[1][3];
yesterday_low = rates[1][2];
yesterday_open = rates[1][1];
}
else
{
for(int d = 5;d>=0;d--)
{
if(TimeDayOfWeek(iTime(Symbol(),PERIOD_D1,d)) == 5)
{
yesterday_volume = rates[d][5];
yesterday_close = rates[d][4];
yesterday_high = rates[d][3];
yesterday_low = rates[d][2];
yesterday_open = rates[d][1];
}
}
}
}
else
{
yesterday_close = rates[1][4];
yesterday_high = rates[1][3];
yesterday_low = rates[1][2];
yesterday_open = rates[1][1];
}
//---- Calculate Pivots ----
double R = yesterday_high - yesterday_low;//range
double p = (yesterday_high + yesterday_low + yesterday_close)/3;// Standard Pivot
double r3 = (2*p)+(yesterday_high-(2*yesterday_low));// Resistance 3
double r2 = p+(yesterday_high - yesterday_low);// Resistance point 2
double r1 = (2*p)-yesterday_low;// Resistance point 1
double s1 = (2*p)-yesterday_high;// Support point 1
double s2 = p-(yesterday_high - yesterday_low);// Support point 2
double s3 = (2*p)-((2* yesterday_high)-yesterday_low);// Support point 3
double mr1 = 0.5*(p+r1);
double mr2 = 0.5*(r1+r2);
double mr3 = 0.5*(r2+r3);
double ms1 = 0.5*(p+s1);
double ms2 = 0.5*(s1+s2);
double ms3 = 0.5*(s2+s3);
double mmr1 = 0.5*(p+mr1);
double mmr2 = 0.5*(mr1+r1);
double mmr3 = 0.5*(r1+mr2);
double mmr4 = 0.5*(mr2+r2);
double mmr5 = 0.5*(r2+mr3);
double mmr6 = 0.5*(mr3+r3);
double mms1 = 0.5*(p+ms1);
double mms2 = 0.5*(ms1+s1);
double mms3 = 0.5*(s1+ms2);
double mms4 = 0.5*(ms2+s2);
double mms5 = 0.5*(s2+ms3);
double mms6 = 0.5*(ms3+s3);
//Pivot, Support & Resistance Lines
ObjectDelete("p_Line");
ObjectCreate("p_Line", OBJ_HLINE,0, CurTime(),p);
ObjectSet("p_Line",OBJPROP_COLOR,PivotColor);
ObjectSet("p_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("p_Line",OBJPROP_WIDTH,3);
ObjectDelete("r1_Line");
ObjectCreate("r1_Line", OBJ_HLINE,0, CurTime(),r1);
ObjectSet("r1_Line",OBJPROP_COLOR,PivotColor);
ObjectSet("r1_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("r1_Line",OBJPROP_WIDTH,3);
ObjectDelete("r2_Line");
ObjectCreate("r2_Line", OBJ_HLINE,0, CurTime(),r2);
ObjectSet("r2_Line",OBJPROP_COLOR,PivotColor);
ObjectSet("r2_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("r2_Line",OBJPROP_WIDTH,3);
ObjectDelete("r3_Line");
ObjectCreate("r3_Line", OBJ_HLINE,0, CurTime(),r3);
ObjectSet("r3_Line",OBJPROP_COLOR,PivotColor);
ObjectSet("r3_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("r3_Line",OBJPROP_WIDTH,3);
ObjectDelete("s1_Line");
ObjectCreate("s1_Line", OBJ_HLINE,0, CurTime(),s1);
ObjectSet("s1_Line",OBJPROP_COLOR,PivotColor);
ObjectSet("s1_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("s1_Line",OBJPROP_WIDTH,3);
ObjectDelete("s2_Line");
ObjectCreate("s2_Line", OBJ_HLINE,0, CurTime(),s2);
ObjectSet("s2_Line",OBJPROP_COLOR,PivotColor);
ObjectSet("s2_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("s2_Line",OBJPROP_WIDTH,3);
ObjectDelete("s3_Line");
ObjectCreate("s3_Line", OBJ_HLINE,0, CurTime(),s3);
ObjectSet("s3_Line",OBJPROP_COLOR,PivotColor);
ObjectSet("s3_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("s3_Line",OBJPROP_WIDTH,3);
ObjectDelete("mr1_Line");
ObjectCreate("mr1_Line", OBJ_HLINE,0, CurTime(),mr1);
ObjectSet("mr1_Line",OBJPROP_COLOR,MidColor);
ObjectSet("mr1_Line",OBJPROP_STYLE,STYLE_DASH);
ObjectSet("mr1_Line",OBJPROP_WIDTH,3);
ObjectDelete("mr2_Line");
ObjectCreate("mr2_Line", OBJ_HLINE,0, CurTime(),mr2);
ObjectSet("mr2_Line",OBJPROP_COLOR,MidColor);
ObjectSet("mr2_Line",OBJPROP_STYLE,STYLE_DASH);
ObjectSet("mr2_Line",OBJPROP_WIDTH,3);
ObjectDelete("mr3_Line");
ObjectCreate("mr3_Line", OBJ_HLINE,0, CurTime(),mr3);
ObjectSet("mr3_Line",OBJPROP_COLOR,MidColor);
ObjectSet("mr3_Line",OBJPROP_STYLE,STYLE_DASH);
ObjectSet("mr3_Line",OBJPROP_WIDTH,3);
ObjectDelete("ms1_Line");
ObjectCreate("ms1_Line", OBJ_HLINE,0, CurTime(),ms1);
ObjectSet("ms1_Line",OBJPROP_COLOR,MidColor);
ObjectSet("ms1_Line",OBJPROP_STYLE,STYLE_DASH);
ObjectSet("ms1_Line",OBJPROP_WIDTH,3);
ObjectDelete("ms2_Line");
ObjectCreate("ms2_Line", OBJ_HLINE,0, CurTime(),ms2);
ObjectSet("ms2_Line",OBJPROP_COLOR,MidColor);
ObjectSet("ms2_Line",OBJPROP_STYLE,STYLE_DASH);
ObjectSet("ms2_Line",OBJPROP_WIDTH,3);
ObjectDelete("ms3_Line");
ObjectCreate("ms3_Line", OBJ_HLINE,0, CurTime(),ms3);
ObjectSet("ms3_Line",OBJPROP_COLOR,MidColor);
ObjectSet("ms3_Line",OBJPROP_STYLE,STYLE_DASH);
ObjectSet("ms3_Line",OBJPROP_WIDTH,3);
ObjectDelete("mmr1_Line");
ObjectCreate("mmr1_Line", OBJ_HLINE,0, CurTime(),mmr1);
ObjectSet("mmr1_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mmr1_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mmr1_Line",OBJPROP_WIDTH,3);
ObjectDelete("mmr2_Line");
ObjectCreate("mmr2_Line", OBJ_HLINE,0, CurTime(),mmr2);
ObjectSet("mmr2_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mmr2_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mmr2_Line",OBJPROP_WIDTH,3);
ObjectDelete("mmr3_Line");
ObjectCreate("mmr3_Line", OBJ_HLINE,0, CurTime(),mmr3);
ObjectSet("mmr3_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mmr3_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mmr3_Line",OBJPROP_WIDTH,3);
ObjectDelete("mmr4_Line");
ObjectCreate("mmr4_Line", OBJ_HLINE,0, CurTime(),mmr4);
ObjectSet("mmr4_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mmr4_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mmr4_Line",OBJPROP_WIDTH,3);
ObjectDelete("mmr5_Line");
ObjectCreate("mmr5_Line", OBJ_HLINE,0, CurTime(),mmr5);
ObjectSet("mmr5_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mmr5_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mmr5_Line",OBJPROP_WIDTH,3);
ObjectDelete("mmr6_Line");
ObjectCreate("mmr6_Line", OBJ_HLINE,0, CurTime(),mmr6);
ObjectSet("mmr6_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mmr6_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mmr6_Line",OBJPROP_WIDTH,3);
ObjectDelete("mms1_Line");
ObjectCreate("mms1_Line", OBJ_HLINE,0, CurTime(),mms1);
ObjectSet("mms1_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mms1_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mms1_Line",OBJPROP_WIDTH,3);
ObjectDelete("mms2_Line");
ObjectCreate("mms2_Line", OBJ_HLINE,0, CurTime(),mms2);
ObjectSet("mms2_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mms2_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mms2_Line",OBJPROP_WIDTH,3);
ObjectDelete("mms3_Line");
ObjectCreate("mms3_Line", OBJ_HLINE,0, CurTime(),mms3);
ObjectSet("mms3_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mms3_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mms3_Line",OBJPROP_WIDTH,3);
ObjectDelete("mms4_Line");
ObjectCreate("mms4_Line", OBJ_HLINE,0, CurTime(),mms4);
ObjectSet("mms4_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mms4_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mms4_Line",OBJPROP_WIDTH,3);
ObjectDelete("mms5_Line");
ObjectCreate("mms5_Line", OBJ_HLINE,0, CurTime(),mms5);
ObjectSet("mms5_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mms5_Line",OBJPROP_STYLE,STYLE_DOT);
ObjectSet("mms5_Line",OBJPROP_WIDTH,3);
ObjectDelete("mms6_Line");
ObjectCreate("mms6_Line", OBJ_HLINE,0, CurTime(),mms6);
ObjectSet("mms6_Line",OBJPROP_COLOR,MidMidColor);
ObjectSet("mms6_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("mms6_Line",OBJPROP_WIDTH,3);
ObjectsRedraw();
// ---- Typing Labels ----
//MR3 Label
if(ObjectFind("MR3 label") != 0)
{
ObjectCreate("MR3 label", OBJ_TEXT, 0, Time[3], mr3);
ObjectSetText("MR3 label", " MR3 ", 9, "Verdana", MidColor);
}
else
{
ObjectMove("MR3 label", 0, Time[3], mr3);
}
//MR2 Label
if(ObjectFind("MR2 label") != 0)
{
ObjectCreate("MR2 label", OBJ_TEXT, 0, Time[3], mr2);
ObjectSetText("MR2 label", " MR2 ", 9, "Verdana", MidColor);
}
else
{
ObjectMove("MR2 label", 0, Time[3], mr2);
}
//MR1 Label
if(ObjectFind("MR1 label") != 0)
{
ObjectCreate("MR1 label", OBJ_TEXT, 0, Time[3], mr1);
ObjectSetText("MR1 label", " MR1 ", 9, "Verdana", MidColor);
}
else
{
ObjectMove("MR1 label", 0, Time[3], mr1);
}
//MS3 Label
if(ObjectFind("MS3 label") != 0)
{
ObjectCreate("MS3 label", OBJ_TEXT, 0, Time[3], ms3);
ObjectSetText("MS3 label", " MS3 ", 9, "Verdana", MidColor);
}
else
{
ObjectMove("MS3 label", 0, Time[3], ms3);
}
//MS2 Label
if(ObjectFind("MS2 label") != 0)
{
ObjectCreate("MS2 label", OBJ_TEXT, 0, Time[3], ms2);
ObjectSetText("MS2 label", " MS2 ", 9, "Verdana", MidColor);
}
else
{
ObjectMove("MS2 label", 0, Time[3], ms2);
}
//MS1 Label
if(ObjectFind("MS1 label") != 0)
{
ObjectCreate("MS1 label", OBJ_TEXT, 0, Time[3], ms1);
ObjectSetText("MS1 label", " MS1 ", 9, "Verdana", MidColor);
}
else
{
ObjectMove("MS1 label", 0, Time[3], ms1);
}
//R3 Label
if(ObjectFind("R3 label") != 0)
{
ObjectCreate("R3 label", OBJ_TEXT, 0, Time[3], r3);
ObjectSetText("R3 label", " R3 ", 9, "Verdana", PivotColor);
}
else
{
ObjectMove("R3 label", 0, Time[3], r3);
}
//S3 Label
if(ObjectFind("S3 label") != 0)
{
ObjectCreate("S3 label", OBJ_TEXT, 0, Time[3], s3);
ObjectSetText("S3 label", " S3 ", 9, "Verdana", PivotColor);
}
else
{
ObjectMove("S3 label", 0, Time[3], s3);
}
//R2 Label
if(ObjectFind("R2 label") != 0)
{
ObjectCreate("R2 label", OBJ_TEXT, 0, Time[3], r2);
ObjectSetText("R2 label", " R2 ", 9, "Verdana", PivotColor);
}
else
{
ObjectMove("R2 label", 0, Time[3], r2);
}
//S2 Label
if(ObjectFind("S2 label") != 0)
{
ObjectCreate("S2 label", OBJ_TEXT, 0, Time[3], s2);
ObjectSetText("S2 label", " S2 ", 9, "Verdana", PivotColor);
}
else
{
ObjectMove("S2 label", 0, Time[3], s2);
}
//R1 Label
if(ObjectFind("R1 label") != 0)
{
ObjectCreate("R1 label", OBJ_TEXT, 0, Time[3], r1);
ObjectSetText("R1 label", " R1 ", 9, "Verdana", PivotColor);
}
else
{
ObjectMove("R1 label", 0, Time[3], r1);
}
//S1 Label
if(ObjectFind("S1 label") != 0)
{
ObjectCreate("S1 label", OBJ_TEXT, 0, Time[3], s1);
ObjectSetText("S1 label", " S1 ", 9, "Verdana", PivotColor);
}
else
{
ObjectMove("S1 label", 0, Time[3], s1);
}
//Pivot Label
if(ObjectFind("P label") != 0)
{
ObjectCreate("P label", OBJ_TEXT, 0, Time[3], p);
ObjectSetText("P label", " Pivot ", 9, "Verdana", PivotColor);
}
else
{
ObjectMove("P label", 0, Time[3], p);
}
Comment("Pivot Calculator ");
}
return(0);
}
//Job Done
//+------------------------------------------------------------------+
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
Indicator Curves created:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: