Can you FIX this MT4 Wkly Pivot Point indicator?

Hey all

Just wondering if there's a friendly neighborhood programmer out there who'd be willing to fix the MT4 wkly pivot indicator below, "P-Weekly" -- which displays both current and past wkly pivot levels (but not mid-point levels). Besides not showing mid-levels, it is not very accurate at all!

I'd like it to calculate both pivot levels and mid-point levels with the accuracy of Habeeb's great indicator, "Auto Pivot Indicator ver5" (also below), and keep the feature of showing current and past levels. (Habeeb's only displays current pivot & mid levels).

I have two indicators that do these things, but only calculate Daily Pivot and Mid-point levels...these indicators, however, are pretty accurate. I've attached them below in case it helps.

I'm MetaEditor language illiterate -- any assistance will be greatly appreciated and duly recognized.

Thx,
Bill


P.S. Thanks to Habeeb for his indicator. I don't remember exactly how/where I found the other indicators, so apologies for not recognizing whoever created them.

P.P.S The first attachment below is the one in question (inaccurate; w/historical pivots & S/R, but no mid-levels), the second one is Habeeb's (very accurate; no historical levels), the third and fourth the Daily pivot & mid level indicators (both accurate and w/historical levels).

Glad you raised this question. I'd like a better Weekly Auto Pivot indicator, too! I'm also MetaEditor illiterate .

Will stay tuned in.

thx

The ability to place midpoints (in Auto Pivot Indicator) comes with the ability of placing actual objects (movable S/R lines or trendlines) on the screen. These objects have no end point or beginning. As a result if you tried to put history on that indicator, you would lend up with a screen so full you would not be able to read the chart.

The other indicators use different objects and they require what is known as a buffer. There is a limit of 8 buffer requiring objects in the programming of any one indicator. But these buffers enable history that can be drawn.

Hence you will need 2 indicators to do your job properly. If you want history of indicator, plus 7 pivotal points plus 6 mid points as your weekly indicator.

Unless I am mistaken, that's the answer any programmer will give you. As I am a non-programmer that can read code to then manipulate it (sometimes successfully), so I'll see what I can do for you.

By the way I think you want pivots that are based around London's time, as it is by far the world's biggest FX trade centre (approximately 34% of the world's trading volume). London's time varies from summer to winter, so you want indicators that you can update the hour which weekly pivot is calculated on.

I work on Sunday Midnight to Sunday Midnight British Summer Time at the moment and GMT during their winter.

Billyray,

See if this is what you are looking for. It is a stripped down version of the original with just the pivots and added week in it. If it is what you were thinking of then I will add back the s/r functions so both the sr and pivots function again.

I haven't checked the original writers math so you may want to just test the additional week against actionforex chart or some other pivot service to be sure it is correct.

Tom

Hi
Here are 2 indicators. I think they will work properly.

But test them.

Where you see the following line of code...
[/font]
where the 1 represents days of week where 0 means sunday, 1 means Monday, 2 means Tues etc...

So if you want to set the time the pivots are calculated to the start of your MT4 servers week, and the opening time of your MT4 charts is Sunday at 23:00, then the line of code should read
[/font]

That's the best I can manipulate your indicators.

This should be the same for both indicators.

If they work I got it right for once...

If not hopefully someone else will come along for you...

Tom, aquaart,

thx very much -- i'll check your work out and post back here after.

but many thx in advance for your replies!

billy

Aquaart -

Your modified indicators worked like a charm! Thanks very much!

- billyray

Modified indicators,

With daily, hourly, minute input for weekly pivots. No backtest available.

I think they work... Thought people might like.

These work great, but would it be possible to also add monthly pivots to them as well, I am starting to see how strong the monthly/weekly pivots can be.

why is r3 and s3 off is not calculating right