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The Best Pivot Points Indicator Ever

  • #101
  • Sep 13, 2018 8:46am Sep 13, 2018 8:46am
Please forgive my ignorance, but how do I install the indicator into the Forex desktop app?
  • #102
  • Sep 13, 2018 11:03am Sep 13, 2018 11:03am
Quoting juliot
{quote} Jagg, try this {file}
Only full hours (so no 17:30 possible for example)
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-09-13 AllPivots Session Hours.png Size: 5 KB
  • #103
  • Sep 13, 2018 7:20pm Sep 13, 2018 7:20pm
Quoting juliot
{quote} Dear Luis, the best explanation about Daily Pivot Points shifted for different day start time that I found on the web is in this link in case it could be of help. https://www.mql5.com/es/code/8685 Thank you very much for your interest. Regards,
Hey Juliot,

According to the explanation that you sent me on the link, the Daily Pivot Point Shifted program is working as advertised. However, it only works well for those brokers that start the daily bar at 12am USA time. You can see from the pic on the link you sent that Friday (Jan 23rd) is a shorter day than, lets say, the Thursday before. You can notice from the vertical lines. These lines tell you when the daily bar starts and ends for the broker. So using the Daily Pivot Point Shifted program you pretty much shift the day so that you could get full 24 hour days in your charts (shown by the horizontal lines). I wish the chart would have been zoomed out a little more so you would see it better.

Once again, I would recommend not shifting anything in your charts. Your broker is fine and starts the daily bar the same way any other broker does.

-Luis
  • #104
  • Sep 13, 2018 7:36pm Sep 13, 2018 7:36pm
Quoting mjbecker
Please forgive my ignorance, but how do I install the indicator into the Forex desktop app?
Ok here's how you would attach this indicator to your chart on a Windows 10 system.

1. Open the MT4 application. Select "File", then select "Open Data Folder". Windows explorer should come up.
2. Select the MQL4 folder and then select the Indicators folder.
3. Download the program and save it to this directory path (inside the Indicators folder).
4. Open the downloaded file. It will open with MetaEditor. Compile the program by selecting the Compile button from the menu bar.
5. Go back to your MT4 app. Open the Navigator view pane and expand the Indicators control list. The WyattsPivots v2.1 indicator should show up in the list.
6. You can drag and drop the indicator to your chart. Edit the settings and you should be good to go.

Hope this helps.

-Luis
  • #105
  • Sep 14, 2018 10:43am Sep 14, 2018 10:43am
Quoting juliot
{quote} Hi OldSchoolFX, with your updates this indicator has been great in terms of visibility and efficiency. The pivot points indicator that I have used for a long time is Pivot_Points _-_ Daily_sShiftedd. It would be very complicated to make a version of WyattsPivots v2.0 to calculate the pivot, supports and resistance according to which I use "ShiftHrs = 5". Regards, {file}

Dear Juliot; I am new to trading, MT$ and everything related, but I have been reading, studing and following Wayne McDonell using these Pivots and I would love to start my trading practice with them. Where and how can I download MT$ and the latest version of the WyattsPivots v2.0 ??? is this the latest version ??? please help me out. All the best and thank you in advance !!!
  • #106
  • Sep 14, 2018 1:54pm Sep 14, 2018 1:54pm
Quoting Artfxf
{quote} Dear Juliot; I am new to trading, MT$ and everything related, but I have been reading, studing and following Wayne McDonell using these Pivots and I would love to start my trading practice with them. Where and how can I download MT$ and the latest version of the WyattsPivots v2.0 ??? is this the latest version ??? please help me out. All the best and thank you in advance !!!
Sorry if it's not what you need. I use google translate to translate. If I have not misunderstood you want to install mt4. Here link to mt4 to download and install: https://www.metatrader4.com/en. Anyway, if you already have a broker, they usually give you a link to install mt4 and you can even request a demo account to do your tests. In Youtube there are numerous tutorials to install mt4. The last version of the indicator is that of post # 91, all the credits for Luis (OldSchoolFX) which is a great encoder. Finally, my personal recommendation never say in a forex forum that you are new, or you are starting, you have no idea, etc. .. since you can prey on many scammers who are hunting.

Greetings and success.

Julio.
  • #107
  • Sep 14, 2018 4:23pm Sep 14, 2018 4:23pm
Quoting OldSchoolFX
{quote} Notice on Monday that this program shortens the day by 4 hours. So this means that on Monday the day was only 20 hours long (24 - 4). This in turn will corrupt Tuesday's pivots. Then, on Wednesday and Thursday everything is back to normal and the days are back to 24 hours. It looks like your broker is fine and you don't need to do any shifting. The day should end at 5pm ET (New York Time). -Luis
My workaround is to take the pivots generated Sunday as weighted heavier than Monday's pivots.
  • #108
  • Sep 15, 2018 4:01am Sep 15, 2018 4:01am
Quoting juliot
{quote} Sorry if it's not what you need. I use google translate to translate. If I have not misunderstood you want to install mt4. Here link to mt4 to download and install: https://www.metatrader4.com/en. Anyway, if you already have a broker, they usually give you a link to install mt4 and you can even request a demo account to do your tests. In Youtube there are numerous tutorials to install mt4. The last version of the indicator is that of post # 91, all the credits for Luis (OldSchoolFX) which is a great encoder. Finally, my personal...
Julio thank you so much for your time, info, comments and advice. It was a misstype on the "MT$", and you got it right, I meant the MT4 !!! ... I´ll go and check the link and post, and put myself to work. Have a great weekend and thank you so much again !!!

By the way where are you from, do you speak spanish, would be easier for you if I write to you in Spanish ??? I live in Spain myself !!!

As I said before, THANK YOU SO MUCH !!!
  • #109
  • Sep 15, 2018 3:00pm Sep 15, 2018 3:00pm
Quoting Artfxf
{quote} Julio thank you so much for your time, info, comments and advice. It was a misstype on the "MT$", and you got it right, I meant the MT4 !!! ... I´ll go and check the link and post, and put myself to work. Have a great weekend and thank you so much again !!! By the way where are you from, do you speak spanish, would be easier for you if I write to you in Spanish ??? I live in Spain myself !!! As I said before, THANK YOU SO MUCH !!!
So it's friend, I'm Spanish. In what I can help you here, you have me. In Spanish there are very good tutorials on YouTube to install mt4, indicators, templates, EA's (Expert Advisors), etc. If you need any book or material in Spanish or English to study something I have in pdf, do not hesitate to ask me.
Although the use of pivot points is very fashionable in this forum, personally I have always used pivots in my trading, for me it is the best way to measure the market sentiment to know at all times where the operators are and their inclination (buy or sell). Remember: the trend is your best friend. Another fundamental aspect of this type of indicators is that it does not change independently of the Time Frame (TF) that you use M1, M5, M15, M30, H1 unlike other indicators. Take a look at this link, I love your explanation. This website is great !: https://www.babypips.com/learn/forex/forex-pivot-points. As for indicators for your mt4 in this thread you can find the best I've seen.

Remember not to pay for holy grail indicators, EA's, (they do not exist), signal services, etc. The best indicators and EAs are on the web for free with open source and there are great coders in the main forex forums that are always Eager to help. 90% of the sellers of indicators and EA's that are sold on the internet have not been codified by the seller, the only thing they do is take the work of others and rename them.

Small tips acquired with experience.

Greetings and success in your trading.

Julio.
  • #110
  • Sep 17, 2018 9:36am Sep 17, 2018 9:36am
Quoting OldSchoolFX
My fellow traders, I made a few mods to the WyattsPivots indicator to shift the broker server time by a number of hours........
I really don't use the shifting feature since the broker I use ends the day at the New York market close 5pm ET. I tested this feature as much as I could but if there are any issues feel free to let me know. Luis G. {file}
Hi OldSchoolFX, many thanks for updating WyattsPivots indicator. The time shift function works ok but still not addressing Sunday candle issue for brokers not using New York market close.
On Mondays, the indicator wrongly uses Sunday's data to calculate pivot, instead of Friday's.
Would you be so kind addressing this problem?
That which does not kill us makes us stronger
  • #111
  • Sep 17, 2018 4:32pm Sep 17, 2018 4:32pm
Quoting moneymove
{quote} Hi OldSchoolFX, many thanks for updating WyattsPivots indicator. The time shift function works ok but still not addressing Sunday candle issue for brokers not using New York market close. On Mondays, the indicator wrongly uses Sunday's data to calculate pivot, instead of Friday's. Would you be so kind addressing this problem?
Thanks for your suggestions...
I've been reading up on 5 day a week and 6 day a week brokers and it looks like this feature will only work for 5 day a week brokers, for now. Let me look into it and see what I can do to keep everyone happy. My guess is that you have trouble with many daily indicators with this kind of broker due to the short Sunday candle. I simply stay away from these brokers if I were me.
  • #112
  • Sep 18, 2018 1:38am Sep 18, 2018 1:38am
Quoting OldSchoolFX
{quote} Thanks for your suggestions... I've been reading up on 5 day a week and 6 day a week brokers and it looks like this feature will only work for 5 day a week brokers, for now. Let me look into it and see what I can do to keep everyone happy. My guess is that you have trouble with many daily indicators with this kind of broker due to the short Sunday candle. I simply stay away from these brokers if I were me.
Thank you for your fast response. Waiting for your update........
That which does not kill us makes us stronger
  • #113
  • Sep 18, 2018 3:22am Sep 18, 2018 3:22am
Hello everyone..

I'm new here, would anyone help me to make simple indicator that draw horizontal line with pivot value R3,R2,R1, P , S1, S2, S3, and those horizontal line change everyday.. please..? Thanks in advance..

i really appreciate it..
  • #114
  • Sep 18, 2018 4:36am Sep 18, 2018 4:36am
Quoting Fec.
Hello everyone.. I'm new here, would anyone help me to make simple indicator that draw horizontal line with pivot value R3,R2,R1, P , S1, S2, S3, and those horizontal line change everyday.. please..? Thanks in advance.. i really appreciate it..
We are all looking for a holy grail indicator like the one you mentioned. Who knows, maybe you will find one "totally free" within this thread. Good luck!
  • #115
  • Sep 18, 2018 7:21am Sep 18, 2018 7:21am
Quoting moneymove
{quote} Hi OldSchoolFX, many thanks for updating WyattsPivots indicator. The time shift function works ok but still not addressing Sunday candle issue for brokers not using New York market close. On Mondays, the indicator wrongly uses Sunday's data to calculate pivot, instead of Friday's. Would you be so kind addressing this problem?
Just ignore Monday and use Sunday's pivots for Friday.
  • #116
  • Sep 18, 2018 12:34pm Sep 18, 2018 12:34pm
Quoting OldSchoolFX
My fellow traders, I made a few mods to the WyattsPivots indicator to shift the broker server time by a number of hours. I also did a few house keeping around the program for readability. Below is a summary of changes: Changes to v2.1: Added time shift functionality for server GMT offset. The added iShiftHours parameter specifies the GMT hour shift from the broker's daily close. Hourly values are used instead in case the day needs to be shifted by a certain number of hours. Only daily pivots are affected by this value. Set the value to 0 if this...
Luis,

After your comments in Wayne McDonell's daily webinar with Trader's Way, I located your post here and downloaded WyattsPivots 2.1. Thanks for your help as I am trying to get my system set up for market positions sent to my cell phone. After installing the indicator, it was not immediately clear to me how it should be configured for this purpose. Incidentally, I use an android phone with T-Mobile. Any instructions you can pass along would be extremely helpful!

Thanks,
John
  • #117
  • Sep 18, 2018 5:42pm Sep 18, 2018 5:42pm
Quoting JBAndrew
{quote} Luis, After your comments in Wayne McDonell's daily webinar with Trader's Way, I located your post here and downloaded WyattsPivots 2.1. Thanks for your help as I am trying to get my system set up for market positions sent to my cell phone. After installing the indicator, it was not immediately clear to me how it should be configured for this purpose. Incidentally, I use an android phone with T-Mobile. Any instructions you can pass along would be extremely helpful! Thanks, John
John,

Here's a video that will show you how to setup Push Notifications on your Android phone.
Inserted Video


After you have downloaded the MT4 app on your phone and have successfully setup Push Notifications on your MT4 terminal (per video instructions) all you have to do is add the compiled WyattsPivots v2.1 indicator to your chart and configure the settings.
NOTE: The last few settings within the indicator are for Push Notifications. Enable the ones you need by setting them to TRUE. As long as your chart is up and running in your computer you should start receiving phone alerts when price touches certain levels. There is also an explanation of each input parameter's purpose within the first few lines of code, if needed.

Hope this helps.

Thanks,
Luis
  • #118
  • Sep 19, 2018 1:02am Sep 19, 2018 1:02am
Luis,

I really appreciate your gracious assistance. The setup process you advised went flawlessly and is up and running.

Now that the setup is completed, how is your version of WyattsPivots 2.1 used to interface with it? To be clear, I am hoping to send alerts out when price action is getting close to my planned trade setup.

Thanks!

John
  • #119
  • Sep 20, 2018 6:03am Sep 20, 2018 6:03am
Quoting juliot
{quote} Jagg, try this {file}
Hola juliot,

I love this pivot Indicator you posted.
There is only one thing.
I want to see the Weekly pivot on all Timeframes i want (1m, 5m, 15m,1h,4h)
Is it possible to fix this.
Thank you
  • #120
  • Sep 20, 2018 6:04am Sep 20, 2018 6:04am
I mean this one
Attached File(s)
File Type: ex4 AllPivots_v5.2 600+.ex4   81 KB | 1,814 downloads
File Type: mq4 AllPivots_v5.2 600+.mq4   69 KB | 2,360 downloads
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