Standard Pivots

SSH-Ind-StandardPivots

This indicator automatically draws important Daily/Weekly/Monthly Pivot levels in MT4 terminal using the most popular methods with various options for color and size management and text forms. You can find more about pivot points on web.

Features

• Supports All Pivot types : Classic / Woodie / Camarilla / Fibonacci / Demark
• Supports the most important pivot reference time frames : Daily/ Weekly / Monthly
• Allows you to see the historical Pivot levels for back testing purposes
• Gives you full control over colors, text sizes, text origins and zone colors

Calculation Modes  

This indicator supports different Pivot calculation modes.

Classic Pivot Points:  R3 = High + 2(PV – Low)   R2 = PV + (High – Low)   R1 = 2xPV – Low   PV = (High + Low + Close) / 3 S1 = 2xPV – High  S2 = PV – (High – Low)    S3 = Low - 2(High – PV)	Woodie Pivot Points:   R3 = High + 2(PV – Low)   R2 = PV + (High – Low)   R1 = 2xPV – Low   PV = (High + Low + 2xOpen) / 4 S1 = 2xPV – High   S2 = PV – (High – Low)   S3 = Low - 2(High – PV)	Camarilla Pivot Points:   R3 = Close + (High – Low) x 1.1/4   R2 = Close + (High – Low) x 1.1/6   R1 = Close + (High – Low) x 1.1/12   PV = (High + Low + Close) / 3   S1 = Close - (High – Low) x 1.1/12   S2 = Close - (High – Low) x 1.1/6 S3 = Close - (High – Low) x 1.1/4	Fibonacci Pivot Points:   R3 = PV + (High – Low) x 1.0 R2 = PV + (High – Low) x 0.618   R1 = PV + (High – Low) x 0.382   PV = (High + Low + Close) / 3   S1 = PV - (High – Low) x 0.382   S2 = PV - (High – Low) x 0.618   S3 = PV - (High – Low) x 1.0

Demark Pivot Points:   PV = (High + 2xLow + Close) / 4             when Close < Open   PV = (2xHigh + Low + Close) / 4             when Close > Open   PV = (High + Low + 2xClose) / 4             when Close = Open R1 = 2xPV – Low  S1 = 2xPV - High

Input Parameters 

---DAILY PIVOTS---

Daily (True/False) : Set if daily pivot levels should be visible or not

Daily_TextsFontSize : Set daily pivots text size

Daily_PivotTextColor , Daily_ResTextColor  ,  Daily_SupTextColor : Set the color of daily pivot lines

---WEEKLY PIVOTS--- (such as Daily)

---MonTHLY PIVOTS--- (such as Daily)

--- GENERAL SETTINGS---

PivotType (Classic/Woodie/Camarilla/Fibonacci/Demark) : Choose desired pivot type

HistoryDays : Set if historical levels should be displayed on your chart

TextsAndFills (NotShown/OnlyLastDayOrWeekOrMonth/AllHistory) : Choose your desired text plotting mode

TextsPosition (StartOfDayOrWeekOrMonth/MidOfDayOrWeekOrMonth/EndOfDayOrWeekOrMonth) : Choose where texts  should be displayed

ColorFill (NoFill/ Daily_ColorFill/ Weekly_ColorFill/ Monthly_ColorFill) : Choose if you want to see pivot zones by colors

R3,R2,R1_ColorFill : Set the color of resistance zones

S1,S2,S3_ColorFill : Set the color of support zones

Support and questions 

This product is paid once and includes free updates.

Use the Reviews tab or Message for questions.

My ID: steven.sh

Author 

Steven Shemirani, Electrical engineer and private investor.

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