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New Time-Adjustable Daily Pivots Indicator for MT4

  • #61
  • Jun 18, 2014 5:04pm Jun 18, 2014 5:04pm
hm, see the mq4 files in the .zip-file (post 1), auto pivot plotter:

P = (PreviousHigh+PreviousLow+PreviousClose)/3;
R1 = (2*P)-PreviousLow;
S1 = (2*P)-PreviousHigh;
R2 = P+(PreviousHigh - PreviousLow);
S2 = P-(PreviousHigh - PreviousLow);
R3 = (2*P)+(PreviousHigh-(2*PreviousLow));
S3 = (2*P)-((2* PreviousHigh)-PreviousLow);
PM me with coding requests and I'll probably put you on my ignore list
  • #62
  • Jun 21, 2014 3:43pm Jun 21, 2014 3:43pm
I am looking for similar Weekly Pivot indicator as mentioned above, but with adjustable time. Anybody have suggestion ?

Attached File(s)
File Type: mq4 Auto-Pivot Plotter Weekly V1-00.mq4   7 KB | 840 downloads


Attached File(s)
File Type: mq4 Auto-Pivot Plotter Weekly V1-00 (Mid-Levels).mq4   7 KB | 818 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: weekly pivot.png Size: 40 KB
  • #63
  • Jul 22, 2014 4:32pm Jul 22, 2014 4:32pm
heloo. i'm sorry i'm new at this.
my broker using GMT time zone, how to make pivot floor which is calculate by GMT+2 time zone?
thank you
  • #64
  • Jul 22, 2014 5:52pm Jul 22, 2014 5:52pm
Quoting capojunior
heloo. i'm sorry i'm new at this. my broker using GMT time zone, how to make pivot floor which is calculate by GMT+2 time zone? thank you
Which indicator you using ?
  • #65
  • Jul 22, 2014 5:57pm Jul 22, 2014 5:57pm
Thx rabbitwolf
Pivotpoints
  • #66
  • Jul 22, 2014 8:48pm Jul 22, 2014 8:48pm
Quoting capojunior
Thx rabbitwolf Pivotpoints
There are many Pivot point indicators, they have different settings

For this one would do like this:

Time-Zone Inputs:
LocalTimeZone: TimeZone for which MT4 shows your local time,
e.g. 1 or 2 for Europe (GMT+1 or GMT+2 (daylight
savings time). Use zero for no adjustment.


DestTimeZone: TimeZone for the session from which to calculate
the levels (e.g. 1 or 2 for the European session
(without or with daylight savings time).
Use zero for GMT

Attached Image


Attached File(s)
File Type: mq4 SDX-TzPivots.mq4   23 KB | 1,204 downloads


For other indicators may need to set custom hour, from which you calculate pivots

like this
Attached Image
  • #67
  • Jul 22, 2014 11:18pm Jul 22, 2014 11:18pm
thank you for your explanation rabbitwolf.
i've already change the time zone. i just understand why pivot point level at every platform is different
  • #68
  • Dec 19, 2016 9:29pm Dec 19, 2016 9:29pm
[quote=fxdaytrader_;7546247]hm, see the mq4 files in the .zip-file (post 1), auto pivot plotter: P = (PreviousHigh+PreviousLow+PreviousClose)/3; R1 = (2*P)-PreviousLow; S1 = (2*P)-PreviousHigh; R2 = P+(PreviousHigh - PreviousLow); S2 = P-(PreviousHigh - PreviousLow); R3 = (2*P)+(PreviousHigh-(2*PreviousLow)); S3 = (2*P)-((2* PreviousHigh)-PreviousLow);[/quo
hi fxdaytrader. this is the method using for daily weekly and monthly.
have you done with yearly.. shall i get it for yearly
Success is a Journey Not a Destination....... kind regards ramzam
  • #69
  • Last Post: May 27, 2023 12:02am May 27, 2023 12:02am
Quoting tesla
It can display daily, weekly or monthly pivots. It has one param which determines which set to display. Add it to a chart three times to display all three sets. PivotSet Param values: 1 = DailyEST 2 = Weekly 3 = Monthly It requires a global param 'EasternTimeOffset' which is an integer value for the number of hours behind server time that should be used for calcs. It's -6 for me. Try it out, it's pretty speedy to render since it only pulls 24 bars of data to calculate daily pivots, 1 bar for weekly and monthly. {file}
Why is R3 and S3 not working properly
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