New Pivots Anyone? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

New Time-Adjustable Daily Pivots Indicator for MT4 68 replies

Standard Pivots and Fibonnaci Pivots? 9 replies

Automated Daily/Weekly Pivots here 117 replies

We all need pivots to win..yes or not? 13 replies

Anyone still using Carmarilla Pivots? 3 replies

Attachments: New Pivots Anyone?
Exit Attachments

New Pivots Anyone?

  • #1
  • First Post: Edited 12:29pm Dec 12, 2013 8:11am | Edited 12:29pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Base pivot point=(High+Close+Low)/3
Support 1= 2*Pivot-High Resistance 1= 2*Pivot-Low
Support 2= Pivot-(R1-S1) Resistance 2= Pivot+(R1-S1)
Support 3= Low-2*(High-Pivot) Resistance 3= High+2*(Pivot-Low)

I found this laying around somewhere collecting dust,but in order to calculate this formula right will be if 2 consecutive up closes occur in a row we measure the distance between the close and high of each bar,if the distance between the close and the high of the most recent bar(that just closed) is greater than the close to the high of the previous bar then use the most recent bar's High and Close in base pivot calculations,and the Low we use is the Swing/Demand Low,off these 2 bars the Support And Resistance can be made.

And Like wise If we have 2 consecutive down closes we will measure the close and the low of the current bar(that just closed)and the close to the low of the previous bar,If the distance between the close and the low of the present bar is greater than the previous bar then use the most recent bar's Low And Close in base pivot calculations and the HIGH we use is the Swing/Supply High,off these 2 bars the Support And Resistance can be made.

Hopefully I explained it correctly I left out a couple of words on purpose and Swing High,Supply and Swing Low,Demand I know sounds discretionary but keep in mind this calculation is not meant for anything under the 1hr chart which most people can spot what I simply call the candle that starts the move,please feel free to ask anything if needed to complete this thanks Max
Attached File(s)
File Type: pdf headfake.pdf   1.5 MB | 1,092 downloads
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #2
  • Edited 10:09am Dec 12, 2013 8:12am | Edited 10:09am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
If any experienced coders can make this happen then this will

be a humongous add on and tool to assist you yourself myself

as well as all others here at FF....
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #3
  • Dec 12, 2013 10:32am Dec 12, 2013 10:32am
Max,
Think this should be in the @Platform Tech' section .... more likely to get response there.
Did not really follow what you are asking?
Normally pivots are from daily charts ... is that what you meant or for lower TF's?

M.
If you think I'm mad, I must be mad
  • #4
  • Dec 12, 2013 10:51am Dec 12, 2013 10:51am
It looks like the formula above is a little different than the Classic Pivot formula. I could be wrong, not really my forte...

Quoting futurespec
Max, Think this should be in the @Platform Tech' section .... more likely to get response there. Did not really follow what you are asking? Normally pivots are from daily charts ... is that what you meant or for lower TF's? M.
SPC * Swollen PocketZ Crew!
  • #5
  • Dec 12, 2013 12:19pm Dec 12, 2013 12:19pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting JoeNY
It looks like the formula above is a little different than the Classic Pivot formula. I could be wrong, not really my forte... {quote}
Actually the description explains how it's not like any pivot indy I have ever seen because it's based off

the difference between candles closes and not timeframe...if that makes any sense to ya...


Quoting futurespec
Max, Think this should be in the @Platform Tech' section .... more likely to get response there. Did not really follow what you are asking? Normally pivots are from daily charts ... is that what you meant or for lower TF's? M.
Since I never started a thread before I had no idea that section you mentioned would've been a better department to put

it thanks for your input perhaps I'll throw the formula over there if there are no takers over here...I put it in this section as

I see alot of traders browsing over here and I thought maybe an astute and friendly trader that just so happens to be a coder

will lend a helping hand in bringing this formula to life in the form of a new pivots indy.... Futures,this indy unlike other timeframe

based pivot indy's is actually made off the difference in higher closes and lower closes... And to apply the formula it must come

from candles taken from the 1hr timeframe and higher.....I wish I can explain this better and my hopes is that someone will understand

what I'm asking for here and is able to apply the formula above to create a new one of a kind MT4 pivots indy...
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #6
  • Dec 12, 2013 12:20pm Dec 12, 2013 12:20pm
Are you only looking to draw the pivots after 2 consec H/L ?
What is swing low? ... do you mean the lower low of the 2 bars?

M.
If you think I'm mad, I must be mad
  • #7
  • Dec 12, 2013 2:12pm Dec 12, 2013 2:12pm
I totally missed the pdf... (Just call me Ray Charles)

Quoting Owl
{quote} Actually the description explains how it's not like any pivot indy I have ever seen because it's based off the difference between candles closes and not timeframe...if that makes any sense to ya... {quote}
SPC * Swollen PocketZ Crew!
  • #8
  • Dec 12, 2013 8:55pm Dec 12, 2013 8:55pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting JoeNY
I totally missed the pdf... (Just call me Ray Charles) {quote}
Actually Joe your mind was not playing tricks on you!! as the initial 1st post

did not contain the pdf and I had to go and edit it later to add it on....

And to whoever moved this thread here to the proper place I thank you

and hopefully this will lead to a solution and a brand new spanking pivot

indy for all of us to add to our MT4 platform...
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #9
  • Dec 13, 2013 12:38am Dec 13, 2013 12:38am
Ahhhh .... the light ;-)
It does help if you include the file that was initially only in your mind!

Will take a look later when I get some time.

M.
If you think I'm mad, I must be mad
  • #10
  • Dec 13, 2013 2:31am Dec 13, 2013 2:31am
I think it is all hocus pocus but hey if it helps!

Your starter for 10 ....
Not sure what you wanted but try the attached.
Move the vLine to the first of the 2 bars that you want to check.
If valid then pivots will be drawn (cannot show or hide pivots until next incoming tick)

The swing H/L is taken from the highest/lowest of last mCheckSwingBars bars.
mLineExtend is length of line if you do not want to extend to end of chart.

HTH

M.
Attached File(s)
File Type: mq4 mn Owl Pivots.mq4   5 KB | 257 downloads
If you think I'm mad, I must be mad
  • #11
  • Dec 13, 2013 3:18am Dec 13, 2013 3:18am
Changed the calc for the swing H/L

M.

EDIT: Still not right in all circumstances. DO NOT download this attachment yet
Attached File(s)
File Type: mq4 mn Owl Pivots.mq4   6 KB | 253 downloads
If you think I'm mad, I must be mad
  • #12
  • Dec 13, 2013 3:58am Dec 13, 2013 3:58am
Ok updated calc for swing again.
Think it is better now.
Try it and let me know.

M.

PS. If I tell you not to put your fingers on a hot stove I suppose you would do that too!!?
(I see 2 downloads above after I suggested NOT to download).
I will leave it there so anyone else can burn their fingers too if they want too.
Attached File(s)
File Type: mq4 mn Owl Pivots.mq4   6 KB | 357 downloads
If you think I'm mad, I must be mad
  • #13
  • Dec 13, 2013 4:10am Dec 13, 2013 4:10am
Quoting futurespec
I see 2 downloads above after I suggested NOT to download
Wait until somebody who downloaded it starts posting as "Hello Sir your indicator does not work"
PM me with coding requests and I'll probably put you on my ignore list
  • #14
  • Dec 13, 2013 4:51am Dec 13, 2013 4:51am
I know; I like a good laugh, it helps to keep me sane (or maybe mad) :-)

M.
If you think I'm mad, I must be mad
  • #15
  • Dec 13, 2013 5:52am Dec 13, 2013 5:52am
Finished trading for day so twiddling my fingers!
Added Entry & Stop lines.

Is anyone making a fortune from it yet?

M.
Attached Image
Attached File(s)
File Type: mq4 mn Owl Pivots.mq4   8 KB | 303 downloads
If you think I'm mad, I must be mad
  • #16
  • Dec 13, 2013 7:46am Dec 13, 2013 7:46am
That's funny... OK , I feel a little better about myself....

Quoting Owl
{quote} Actually Joe your mind was not playing tricks on you!! as the initial 1st post did not contain the pdf and I had to go and edit it later to add it on.... And to whoever moved this thread here to the proper place I thank you and hopefully this will lead to a solution and a brand new spanking pivot indy for all of us to add to our MT4 platform...
SPC * Swollen PocketZ Crew!
  • #17
  • Dec 13, 2013 7:59am Dec 13, 2013 7:59am
Yes I traded this last night but based on classic Pivot and Price Action. Just exited upon waking this morning. Yes a small fortune... Not really but Christmas money.. I'm EST... http://www.forexfactory.com/showthre...03#post7155303

Sorry for going off topic...

Quoting futurespec
Finished trading for day so twiddling my fingers! Added Entry & Stop lines. Is anyone making a fortune from it yet? M. {file} {image}
SPC * Swollen PocketZ Crew!
  • #18
  • Dec 13, 2013 8:27am Dec 13, 2013 8:27am
Well done Joe.
Now with this indi you will be able to make your holiday money too :-)
Looks to have some potential but will need to investigate further.

HTH.

M.
If you think I'm mad, I must be mad
  • #19
  • Dec 13, 2013 9:32am Dec 13, 2013 9:32am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting futurespec
Well done Joe. Now with this indi you will be able to make your holiday money too :-) Looks to have some potential but will need to investigate further. HTH. M.

Kudos to you Futures I appreciate all your efforts you sir are in fact

and indeed THE MAN!!! Can't wait to see what this bad boy could do!!!

I found this vid off the tube explaining it a bit more although I'm not

sure if this can assist you any further..... I'm totally grateful for the

helping hand and work that you put in now to see if this baby has legs!!!

Also after watching the vid it shows that using bar charts will allow for the

move to be seen easier which makes sense since we are looking for differences

in bars closes...Also he states something about look to draw calculations around

swing high resistance and swing low support he's using trendlines also to help spot

these points? Maybe you will get more light and clarity in this matter

by looking through the vid to automate it if possible although it is fine now the way

pivot levels is drawn by moving over correct bars that define the formula and criteria

but if one more refinement can be added which is automation of said drawn levels

then this will do wonders for newbies and seasoned traders alike thanks Futures

I respect the work you put in thus far for this....


Inserted Video
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #20
  • Dec 13, 2013 9:37am Dec 13, 2013 9:37am
Max,
Not sure what you are asking .... "one more refinement can be added which is automation" ... the levels are drawn automatically??

M.
If you think I'm mad, I must be mad
0 traders viewing now