//+------------------------------------------------------------------+
//| 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 bool DrawLine=true;
//---- input parameters ----
int fontsize = 10;
double LastHigh, LastLow, x;
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
Comment("");
ObjectDelete("p_Line");
ObjectDelete("r1_Line");
ObjectDelete("r2_Line");
ObjectDelete("r3_Line");
ObjectDelete("s1_Line");
ObjectDelete("s2_Line");
ObjectDelete("s3_Line");
ObjectDelete("P label");
ObjectDelete("R1 label");
ObjectDelete("R2 label");
ObjectDelete("R3 label");
ObjectDelete("S1 label");
ObjectDelete("S2 label");
ObjectDelete("S3 label");
//----
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
// if(counted_bars>0) counted_bars--;
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
//Pivot, Support & Resistance Lines
if (DrawLine)
{
ObjectDelete("p_Line");
ObjectCreate("p_Line", OBJ_HLINE,0, CurTime(),p);
ObjectSet("p_Line",OBJPROP_COLOR,Red);
ObjectSet("p_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("p_Line",OBJPROP_WIDTH,1);
ObjectDelete("r1_Line");
ObjectCreate("r1_Line", OBJ_HLINE,0, CurTime(),r1);
ObjectSet("r1_Line",OBJPROP_COLOR,Blue);
ObjectSet("r1_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("r1_Line",OBJPROP_WIDTH,1);
ObjectDelete("r2_Line");
ObjectCreate("r2_Line", OBJ_HLINE,0, CurTime(),r2);
ObjectSet("r2_Line",OBJPROP_COLOR,Blue);
ObjectSet("r2_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("r2_Line",OBJPROP_WIDTH,1);
ObjectDelete("r3_Line");
ObjectCreate("r3_Line", OBJ_HLINE,0, CurTime(),r3);
ObjectSet("r3_Line",OBJPROP_COLOR,Blue);
ObjectSet("r3_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("r3_Line",OBJPROP_WIDTH,1);
ObjectDelete("s1_Line");
ObjectCreate("s1_Line", OBJ_HLINE,0, CurTime(),s1);
ObjectSet("s1_Line",OBJPROP_COLOR,Blue);
ObjectSet("s1_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("s1_Line",OBJPROP_WIDTH,1);
ObjectDelete("s2_Line");
ObjectCreate("s2_Line", OBJ_HLINE,0, CurTime(),s2);
ObjectSet("s2_Line",OBJPROP_COLOR,Blue);
ObjectSet("s2_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("s2_Line",OBJPROP_WIDTH,1);
ObjectDelete("s3_Line");
ObjectCreate("s3_Line", OBJ_HLINE,0, CurTime(),s3);
ObjectSet("s3_Line",OBJPROP_COLOR,Blue);
ObjectSet("s3_Line",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("s3_Line",OBJPROP_WIDTH,1);
ObjectsRedraw();
// ---- Typing Labels ----
//R3 Label
if(ObjectFind("R3 label") != 0)
{
ObjectCreate("R3 label", OBJ_TEXT, 0, Time[3], r3);
ObjectSetText("R3 label", " R3 ", 9, "Verdana", Blue);
}
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", Blue);
}
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", Blue);
}
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", Blue);
}
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", Blue);
}
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", Blue);
}
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", Red);
}
else
{
ObjectMove("P label", 0, Time[3], p);
}
}
}
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: