Pro4x Pivot Lines

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Author: Copyright � 004, MetaQuotes Software Corp.
Pro4x Pivot Lines

This script is designed as a technical analysis tool for the MetaTrader 4 platform. It automatically identifies and visualizes several key price levels—known as Pivot Points, Camarilla Levels, and Midpoints—directly on your trading chart. These levels are essential for traders who use "Price Action" to identify potential areas of support (where prices might stop falling) and resistance (where prices might stop rising).

Core Functionality

The logic follows a systematic process to turn historical price data into actionable visual guides:

1. Data Collection & Validation The script begins by scanning the daily price history. It specifically looks for the High, Low, Open, and Close prices of both "yesterday" and "today." To ensure accuracy, it includes a safety check: if you try to run this on a timeframe larger than one day (like a weekly or monthly chart), the script will notify you with an error message to prevent incorrect calculations.

2. Dynamic Calculation Engine The tool uses three distinct mathematical models to generate different types of trading levels:

  • Standard Pivot Points: These are calculated using the average of yesterday's high, low, and closing prices. From this "Pivot" (P), the script derives primary support (S1, S2, S3) and resistance (R1, R2, R3) levels.
  • Camarilla Levels: These are specialized calculations often used by day traders to identify "breakout" zones. The script generates H3, H4, L3, and L4 levels based on the range of yesterday's trading.
  • Midpoint Pivots: These provide even finer granularity by calculating the "mid-way" points between the major pivot levels (M0 through M5), helping traders see smaller fluctuations within the larger price ranges.

3. Visual Display and Customization The script is designed to be highly interactive. Rather than just showing raw numbers, it draws physical lines and text labels on your chart:

  • Color Coding: Different levels are assigned specific colors (e.g., LimeGreen for resistance, Red for support, Magenta for the main pivot, and Yellow/Blue for special zones) to help you distinguish between them at a glance.
  • User Controls: You can toggle different types of levels on or off using the settings menu (e.g., choosing to see only Standard Pivots or only Camarilla levels).
  • Real-Time Updates: The script automatically moves and updates these lines as new price data arrives, ensuring your chart stays current with the market's movement.

4. On-Screen Dashboard In addition to the lines on the chart, the script provides a live text update in the corner of your screen. This "Status Bar" displays:

  • Yesterday’s High and Low.
  • The total trading range for both yesterday and today.
  • A countdown timer showing exactly how many minutes and seconds remain until the next candle forms.
Price Data Components
Series array that contains open time of each bar
Miscellaneous
Implements a curve of type %1
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0 Downloads
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Pro4x Pivot Lines 
//+------------------------------------------------------------------+
//|                                                        Pivot.mq4 |
//|                      Copyright © 004, MetaQuotes Software Corp. |
//|                                        http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 004, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net"

#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 CLR_NONE


extern bool pivots = true;
extern bool camarilla = false;
extern bool midpivots = true;


double day_high=0;
double day_low=0;
double yesterday_high=0;
double yesterday_open=0;
double yesterday_low=0;
double yesterday_close=0;
double today_open=0;
double today_high=0;
double today_low=0;
double P=0;
double Q=0;
double R1,R2,R3;
double M0,M1,M2,M3,M4,M5;
double S1,S2,S3;
double H4,H3,L4,L3;
double nQ=0;
double nD=0;
double D=0;
double rates_d1[2][6];
double ExtMapBuffer1[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
  IndicatorBuffers(4);
SetIndexStyle(0,DRAW_ARROW);
SetIndexArrow(0,159);
SetIndexBuffer(0, ExtMapBuffer1);
#property indicator_color1 CLR_NONE
//---- indicators
 R1=0; R2=0; R3=0;
 M0=0; M1=0; M2=0; M3=0; M4=0; M5=0;
 S1=0; S2=0; S3=0;
 H4=0; H3=0; L4=0; L3=0;
 

//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//---- TODO: add your code here
ObjectDelete("R1 Label"); 
ObjectDelete("R1 Line");
ObjectDelete("R2 Label");
ObjectDelete("R2 Line");
ObjectDelete("R3 Label");
ObjectDelete("R3 Line");
ObjectDelete("S1 Label");
ObjectDelete("S1 Line");
ObjectDelete("S2 Label");
ObjectDelete("S2 Line");
ObjectDelete("S3 Label");
ObjectDelete("S3 Line");
ObjectDelete("P Label");
ObjectDelete("P Line");
ObjectDelete("H4 Label");
ObjectDelete("H4 Line");
ObjectDelete("H3 Label");
ObjectDelete("H3 Line");
ObjectDelete("L3 Label");
ObjectDelete("L3 Line");
ObjectDelete("L4 Label");
ObjectDelete("L4 Line");
ObjectDelete("M5 Label");
ObjectDelete("M5 Line");
ObjectDelete("M4 Label");
ObjectDelete("M4 Line");
ObjectDelete("M3 Label");
ObjectDelete("M3 Line");
ObjectDelete("M2 Label");
ObjectDelete("M2 Line");
ObjectDelete("M1 Label");
ObjectDelete("M1 Line");
ObjectDelete("M0 Label");
ObjectDelete("M0 Line");
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {


//---- TODO: add your code here

//---- exit if period is greater than daily charts
if(Period() > 1440)
{
Print("Error - Chart period is greater than 1 day.");
return(-1); // then exit
}

//---- Get new daily prices

ArrayCopyRates(rates_d1, Symbol(), PERIOD_D1);

Print("day of week = ",DayOfWeek());
if(DayOfWeek()==1)
{
   yesterday_close = rates_d1[3][4];
   Print("yesterdays close = ",yesterday_close);
   yesterday_open = rates_d1[3][1];
   today_open = rates_d1[0][3];
   yesterday_high = rates_d1[3][3];
   yesterday_low = rates_d1[3][2];
   day_high = rates_d1[0][3];
   day_low = rates_d1[0][2];
} else
{
   yesterday_close = rates_d1[1][4];
   yesterday_open = rates_d1[1][1];
   today_open = rates_d1[0][1];
   yesterday_high = rates_d1[1][3];
   yesterday_low = rates_d1[1][2];
   day_high = rates_d1[0][3];
   day_low = rates_d1[0][2];
}

//---- Calculate Pivots

D = (day_high - day_low);
Q = (yesterday_high - yesterday_low);
P = (yesterday_high + yesterday_low + yesterday_close) / 3;
R1 = (2*P)-yesterday_low;
S1 = (2*P)-yesterday_high;
R2 = P+(yesterday_high - yesterday_low);
S2 = P-(yesterday_high - yesterday_low);

	H4 = (Q*0.55)+yesterday_close;
	H3 = (Q*0.27)+yesterday_close;
	R3 = (2*P)+(yesterday_high-(2*yesterday_low));
	M5 = (R2+R3)/2;
//	R2 = P-S1+R1;
	M4 = (R1+R2)/2;
//	R1 = (2*P)-yesterday_low;
	M3 = (P+R1)/2;
//	P = (yesterday_high + yesterday_low + yesterday_close)/3;
	M2 = (P+S1)/2;
//	S1 = (2*P)-yesterday_high;
	M1 = (S1+S2)/2;
//	S2 = P-R1+S1;
	S3 = (2*P)-((2* yesterday_high)-yesterday_low);
	L3 = yesterday_close-(Q*0.27);	
	L4 = yesterday_close-(Q*0.55);	
	M0 = (S2+S3)/2;

if (Q > 5) 
{
	nQ = Q;
}
else
{
	nQ = Q*10000;
}

if (D > 5)
{
	nD = D;
}
else
{
	nD = D*10000;
}


//Comment("High= ",yesterday_high,"    Previous Days Range= ",nQ,"\nLow= ",yesterday_low,"    Current Days Range= ",nD,"\nClose= ",yesterday_close);

double seco= (Time[4]-Time[5])-MathMod(CurTime(),Time[4]-Time[5]);
double minu=seco/60;
seco=(minu-MathFloor(minu))*60;
minu=MathFloor(minu);
  
Comment("High= ",yesterday_high,"    Previous Days Range= ",nQ,"\nLow= ",yesterday_low,"    Current Days Range= ",nD,"\nClose= ",yesterday_close,"\nTime for next bar: ",	minu," min ",seco," sec");

//---- Set line labels on chart window

//---- Pivot Lines
   if (pivots==true)
   {
      if(ObjectFind("R1 label") != 0)
      {
      ObjectCreate("R1 label", OBJ_TEXT, 0, Time[0], R1);
      ObjectSetText("R1 label", " R1", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("R1 label", 0, Time[0], R1);
      }

      if(ObjectFind("R2 label") != 0)
      {
      ObjectCreate("R2 label", OBJ_TEXT, 0, Time[0], R2);
      ObjectSetText("R2 label", " R2", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("R2 label", 0, Time[0], R2);
      }

      if(ObjectFind("R3 label") != 0)
      {
      ObjectCreate("R3 label", OBJ_TEXT, 0, Time[0], R3);
      ObjectSetText("R3 label", " R3", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("R3 label", 0, Time[0], R3);
      }

      if(ObjectFind("P label") != 0)
      {
      ObjectCreate("P label", OBJ_TEXT, 0, Time[0], P);
      ObjectSetText("P label", "Pivot  " +DoubleToStr(P,4), 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("P label", 0, Time[0], P);
      }

      if(ObjectFind("S1 label") != 0)
      {
      ObjectCreate("S1 label", OBJ_TEXT, 0, Time[0], S1);
      ObjectSetText("S1 label", "S1", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("S1 label", 0, Time[0], S1);
      }

      if(ObjectFind("S2 label") != 0)
      {
      ObjectCreate("S2 label", OBJ_TEXT, 0, Time[0], S2);
      ObjectSetText("S2 label", "S2", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("S2 label", 0, Time[0], S2);
      }

      if(ObjectFind("S3 label") != 0)
      {
      ObjectCreate("S3 label", OBJ_TEXT, 0, Time[0], S3);
      ObjectSetText("S3 label", "S3", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("S3 label", 0, Time[0], S3);
      }

//---  Draw  Pivot lines on chart
      if(ObjectFind("S1 line") != 0)
      {
      ObjectCreate("S1 line", OBJ_HLINE, 0, Time[40], S1);
      ObjectSet("S1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("S1 line", OBJPROP_COLOR, Red);
      }
      else
      {
      ObjectMove("S1 line", 0, Time[40], S1);
      //ObjectSet("S1 line", OBJPROP_COLOR, indicator_color1);
      }

      if(ObjectFind("S2 line") != 0)
      {
      ObjectCreate("S2 line", OBJ_HLINE, 0, Time[40], S2);
      ObjectSet("S2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("S2 line", OBJPROP_COLOR, Red);
      }
      else
      {
      ObjectMove("S2 line", 0, Time[40], S2);
      }

      if(ObjectFind("S3 line") != 0)
      {
      ObjectCreate("S3 line", OBJ_HLINE, 0, Time[40], S3);
      ObjectSet("S3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("S3 line", OBJPROP_COLOR, Red);
      }
      else
      {
      ObjectMove("S3 line", 0, Time[40], S3);
      }

      if(ObjectFind("P line") != 0)
      {
      ObjectCreate("P line", OBJ_HLINE, 0, Time[40], P);
      ObjectSet("P line", OBJPROP_STYLE, STYLE_DOT);
      ObjectSet("P line", OBJPROP_COLOR, Magenta);
      }
      else
      {
      ObjectMove("P line", 0, Time[40], P);
      }

      if(ObjectFind("R1 line") != 0)
      {
      ObjectCreate("R1 line", OBJ_HLINE, 0, Time[40], R1);
      ObjectSet("R1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("R1 line", OBJPROP_COLOR, LimeGreen);
      }
      else
      {
      ObjectMove("R1 line", 0, Time[40], R1);
      }

      if(ObjectFind("R2 line") != 0)
      {
      ObjectCreate("R2 line", OBJ_HLINE, 0, Time[40], R2);
      ObjectSet("R2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("R2 line", OBJPROP_COLOR, LimeGreen);
      }
      else
      {
      ObjectMove("R2 line", 0, Time[40], R2);
      }

      if(ObjectFind("R3 line") != 0)
      {
      ObjectCreate("R3 line", OBJ_HLINE, 0, Time[40], R3);
      ObjectSet("R3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("R3 line", OBJPROP_COLOR, LimeGreen);
      }
      else
      {
      ObjectMove("R3 line", 0, Time[40], R3);
      }
   }
//---- End of Pivot Line Draw 


//----- Camarilla Lines

   if (camarilla==true)
   {
      if(ObjectFind("H4 label") != 0)
      {
      ObjectCreate("H4 label", OBJ_TEXT, 0, Time[0], H4);
      ObjectSetText("H4 label", " H4", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("H4 label", 0, Time[0], H4);
      }

      if(ObjectFind("H3 label") != 0)
      {
      ObjectCreate("H3 label", OBJ_TEXT, 0, Time[0], H3);
      ObjectSetText("H3 label", " H3", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("H3 label", 0, Time[0], H3);
      }

      if(ObjectFind("L3 label") != 0)
      {
      ObjectCreate("L3 label", OBJ_TEXT, 0, Time[0], L3);
      ObjectSetText("L3 label", " L3", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("L3 label", 0, Time[0], L3);
      }

      if(ObjectFind("L4 label") != 0)
      {
      ObjectCreate("L4 label", OBJ_TEXT, 0, Time[0], L4);
      ObjectSetText("L4 label", " L4", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("L4 label", 0, Time[0], L4);
      }

//---- Draw Camarilla lines on Chart
      if(ObjectFind("H4 line") != 0)
      {
      ObjectCreate("H4 line", OBJ_HLINE, 0, Time[40], H4);
      ObjectSet("H4 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("H4 line", OBJPROP_COLOR, Yellow);
      }
      else
      {
      ObjectMove("H4 line", 0, Time[40], H4);
      }

      if(ObjectFind("H3 line") != 0)
      {
      ObjectCreate("H3 line", OBJ_HLINE, 0, Time[40], H3);
      ObjectSet("H3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("H3 line", OBJPROP_COLOR, Yellow);
      }
      else
      {
      ObjectMove("H3 line", 0, Time[40], H3);
      }

      if(ObjectFind("L3 line") != 0)
      {
      ObjectCreate("L3 line", OBJ_HLINE, 0, Time[40], L3);
      ObjectSet("L3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("L3 line", OBJPROP_COLOR, Yellow);
      }
      else
      {
      ObjectMove("L3 line", 0, Time[40], L3);
      }

      if(ObjectFind("L4 line") != 0)
      {
      ObjectCreate("L4 line", OBJ_HLINE, 0, Time[40], L4);
      ObjectSet("L4 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("L4 line", OBJPROP_COLOR, Yellow);
      }
      else
      {
      ObjectMove("L4 line", 0, Time[40], L4);
      }
   }
//-------End of Draw Camarilla Lines

//------ Midpoints Pivots 

   if (midpivots==true)
   {

      if(ObjectFind("M5 label") != 0)
      {
      ObjectCreate("M5 label", OBJ_TEXT, 0, Time[0], M5);
      ObjectSetText("M5 label", " M5", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M5 label", 0, Time[0], M5);
      }

      if(ObjectFind("M4 label") != 0)
      {
      ObjectCreate("M4 label", OBJ_TEXT, 0, Time[0], M4);
      ObjectSetText("M4 label", " M4", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M4 label", 0, Time[0], M4);
      }

      if(ObjectFind("M3 label") != 0)
      {
      ObjectCreate("M3 label", OBJ_TEXT, 0, Time[0], M3);
      ObjectSetText("M3 label", " M3", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M3 label", 0, Time[0], M3);
      }

      if(ObjectFind("M2 label") != 0)
      {
      ObjectCreate("M2 label", OBJ_TEXT, 0, Time[0], M2);
      ObjectSetText("M2 label", " M2", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M2 label", 0, Time[0], M2);
      }

      if(ObjectFind("M1 label") != 0)
      {
      ObjectCreate("M1 label", OBJ_TEXT, 0, Time[0], M1);
      ObjectSetText("M1 label", " M1", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M1 label", 0, Time[0], M1);
      }

      if(ObjectFind("M0 label") != 0)
      {
      ObjectCreate("M0 label", OBJ_TEXT, 0, Time[0], M0);
      ObjectSetText("M0 label", " M0", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M0 label", 0, Time[0], M0);
      }
      
//---- Draw Midpoint Pivots on Chart
      if(ObjectFind("M5 line") != 0)
      {
      ObjectCreate("M5 line", OBJ_HLINE, 0, Time[40], M5);
      ObjectSet("M5 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M5 line", OBJPROP_COLOR, Blue);
      }
      else
      {
      ObjectMove("M5 line", 0, Time[40], M5);
      }

      if(ObjectFind("M4 line") != 0)
      {
      ObjectCreate("M4 line", OBJ_HLINE, 0, Time[40], M4);
      ObjectSet("M4 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M4 line", OBJPROP_COLOR, Blue);
      }
      else
      {
      ObjectMove("M4 line", 0, Time[40], M4);
      }

      if(ObjectFind("M3 line") != 0)
      {
      ObjectCreate("M3 line", OBJ_HLINE, 0, Time[40], M3);
      ObjectSet("M3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M3 line", OBJPROP_COLOR, Blue);
      }
      else
      {
      ObjectMove("M3 line", 0, Time[40], M3);
      }

      if(ObjectFind("M2 line") != 0)
      {
      ObjectCreate("M2 line", OBJ_HLINE, 0, Time[40], M2);
      ObjectSet("M2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M2 line", OBJPROP_COLOR, Blue);
      }
      else
      {
      ObjectMove("M2 line", 0, Time[40], M2);
      }

      if(ObjectFind("M1 line") != 0)
      {
      ObjectCreate("M1 line", OBJ_HLINE, 0, Time[40], M1);
      ObjectSet("M1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M1 line", OBJPROP_COLOR, Blue);
      }
      else
      {
      ObjectMove("M1 line", 0, Time[40], M1);
      }

      if(ObjectFind("M0 line") != 0)
      {
      ObjectCreate("M0 line", OBJ_HLINE, 0, Time[40], M0);
      ObjectSet("M0 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M0 line", OBJPROP_COLOR, Blue);
      }
      else
      {
      ObjectMove("M0 line", 0, Time[40], M0);
      }

   }
//----End of Midpoint Pivots Draw
 
//---- End Of Program
   return(0);
//#include "comment.mq4"

  }
//+------------------------------------------------------------------+

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