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DeMarker_Pivots_v1
//+------------------------------------------------------------------+
//| DeMarker Pivots.mq4 |
//| These are the main pivots used by Thomas DeMark |
//| Written by: Ice |
//+------------------------------------------------------------------+
#property copyright "2005 Free software for trader"
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 Blue
#property indicator_color2 Yellow
#property indicator_color3 Red
#property indicator_color4 Green
#property indicator_color5 Lime
//----
datetime BT[];
double YesterdayHigh[50];
double YesterdayLow[50];
double YesterdayClose[50];
//---- buffers
double PivotArray[];
double R1Array[];
double S1Array[];
double R2Array[];
double S2Array[];
double R3Array[];
double S3Array[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
// Pivot
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,PivotArray);
IndicatorShortName("TDPivot");
SetIndexLabel(0,"Pivot");
// Resistance 1
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(1,R1Array);
SetIndexLabel(1,"R1");
// Support 1
SetIndexStyle(2,DRAW_LINE);
SetIndexBuffer(2,S1Array);
SetIndexLabel(2,"R1");
// Resistance 2
SetIndexStyle(3,DRAW_LINE);
SetIndexBuffer(3,R2Array);
SetIndexLabel(3,"R2");
// Support 2
SetIndexStyle(4,DRAW_LINE);
SetIndexBuffer(4,S2Array);
SetIndexLabel(4,"S2");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
ArrayResize(BT,Bars);
//Print("Bars = " + Bars);
// Fill BT with bar open TIME
ArrayCopySeries(BT,MODE_TIME);
// Fill temp arrays with High, Low and Close prices per day
ArrayCopySeries(YesterdayHigh,MODE_HIGH,Symbol(),PERIOD_D1);
ArrayCopySeries(YesterdayLow,MODE_LOW,Symbol(),PERIOD_D1);
ArrayCopySeries(YesterdayClose,MODE_CLOSE,Symbol(),PERIOD_D1);
//----
int od = 0;
int dd = 0;
//----
double Pivot;
double R1;
double S1;
double R2;
double S2;
//Cycle through all the bars and fill the indicator bars with the Pivot point values
for(int i=0; i<Bars; i++)
{
if(TimeDay(BT[i])!=od)
{
dd++;
if((dd<ArraySize(YesterdayHigh)) && (dd<ArraySize(YesterdayLow)) && (dd<ArraySize(YesterdayClose)))
{
Pivot=(YesterdayHigh[dd]+YesterdayLow[dd]+YesterdayClose[dd])/3;
R1 = (2*Pivot) - YesterdayLow[dd];
S1 = (2*Pivot) - YesterdayHigh[dd];
R2 = Pivot - S1 + R1;
S2 = Pivot - R1 + S1;
od = TimeDay(BT[i]);
}
}
//----
PivotArray[i]=Pivot;
R1Array[i]=R1;
S1Array[i]=S1;
R2Array[i]=R2;
S2Array[i]=S2;
}
//----
return(0);
}
//+------------------------------------------------------------------+
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