//+------------------------------------------------------------------+
//| Weekly 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 Magenta
#property indicator_color2 RoyalBlue
#property indicator_color3 Crimson
#property indicator_color4 RoyalBlue
#property indicator_color5 Crimson
#property indicator_color6 SeaGreen
#property indicator_color7 SeaGreen
//---- buffers
double PBuffer[];
double S1Buffer[];
double R1Buffer[];
double S2Buffer[];
double R2Buffer[];
double S3Buffer[];
double R3Buffer[];
double P,S1,R1,S2,R2,S3,R3,last_week_high,last_week_low,last_week_close,this_week_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,0,2);
SetIndexStyle(2,DRAW_LINE,0,2);
SetIndexStyle(3,DRAW_LINE,0,2);
SetIndexStyle(4,DRAW_LINE,0,2);
SetIndexStyle(5,DRAW_LINE,0,2);
SetIndexStyle(6,DRAW_LINE,0,2);
SetIndexLabel(0,"Weekly Pivot Point");
SetIndexLabel(1,"Weekly Support 1");
SetIndexLabel(2,"Weekly Resistant 1");
SetIndexLabel(3,"Weekly Support 2");
SetIndexLabel(4,"Weekly Resistant 2");
SetIndexLabel(5,"Weekly Support 3");
SetIndexLabel(6,"Weekly Resistant 3");
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
ObjectDelete("Weekly Pivot");
ObjectDelete("Weekly Sup1");
ObjectDelete("Weekly Res1");
ObjectDelete("Weekly Sup2");
ObjectDelete("Weekly Res2");
ObjectDelete("Weekly Sup3");
ObjectDelete("Weekly Res3");
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_H4) return(-1);
if(counted_bars==0)
{
ObjectCreate("Weekly Pivot",OBJ_TEXT,0,0,0);
ObjectSetText("Weekly Pivot"," Weekly Pivot Point",10,"Arial",Red);
ObjectCreate("Weekly Sup1",OBJ_TEXT,0,0,0);
ObjectSetText("Weekly Sup1"," wS 1",10,"Arial",Red);
ObjectCreate("Weekly Res1",OBJ_TEXT,0,0,0);
ObjectSetText("Weekly Res1"," wR 1",10,"Arial",Red);
ObjectCreate("Weekly Sup2", OBJ_TEXT,0,0,0);
ObjectSetText("Weekly Sup2"," wS 2",10,"Arial",Red);
ObjectCreate("Weekly Res2",OBJ_TEXT,0,0,0);
ObjectSetText("Weekly Res2"," wR 2",10,"Arial",Red);
ObjectCreate("Weekly Sup3",OBJ_TEXT,0,0,0);
ObjectSetText("Weekly Sup3"," wS 3",10,"Arial",Red);
ObjectCreate("Weekly Res3",OBJ_TEXT,0,0,0);
ObjectSetText("Weekly Res3"," wR 3",10,"Arial",Red);
}
for(i=limit-1; i>=0; i--)
{
// 1sts Days of Week
if(TimeDayOfWeek(Time[i])<=2 && TimeDayOfWeek(Time[i+1])>=4)
{
last_week_close=Close[i+1];
this_week_open=Open[i];
P=(last_week_high+last_week_low+last_week_close+this_week_open)/4;
R1=(2*P)-last_week_low;
S1=(2*P)-last_week_high;
R2=P+(last_week_high-last_week_low);
S2=P-(last_week_high-last_week_low);
R3=(2*P)+(last_week_high-(2*last_week_low));
S3=(2*P)-((2*last_week_high)-last_week_low);
ObjectMove("Weekly Pivot",0,Time[i],P);
ObjectMove("Weekly Sup1",0,Time[i],S1);
ObjectMove("Weekly Res1",0,Time[i],R1);
ObjectMove("Weekly Sup2",0,Time[i],S2);
ObjectMove("Weekly Res2",0,Time[i],R2);
ObjectMove("Weekly Sup3",0,Time[i],S3);
ObjectMove("Weekly Res3",0,Time[i],R3);
last_week_low=Low[i];
last_week_high=High[i];
}
last_week_low=MathMin(last_week_low,Low[i]);
last_week_high=MathMax(last_week_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: