Indicator Mt5 Classic PivotPoints

Buy Mt5 Classic PivotPoints customer indicator in the store selling algo trading systems
The Clas­sic Piv­ot Points indi­ca­tor is ful­ly con­fig­urable and can be adjust­ed to work in dif­fer­ent ways. If you are a man­u­al trad­er and pre­fer a clean chart, you can con­fig­ure the indi­ca­tor so that it only draws piv­ot points for the cur­rent ses­sion. Oth­er­wise if you are devel­op­ing an expert advi­sor that uses piv­ot points, you can con­fig­ure the indi­ca­tor to show his­tor­i­cal piv­ot points as well.

Anoth­er unique fea­ture of this indi­ca­tor is that, when cal­cu­lat­ing dai­ly piv­ots, it is pos­si­ble to set a cus­tom start time for the day. Instead of cal­cu­lat­ing piv­ots using the usu­al 00:00 to 23:59 time peri­od, you can set a cus­tom start time for the day. For exam­ple if you choose a start time of 17:00 the indi­ca­tor will cal­cu­late the piv­ots by regard­ing the bar at 17:00 as the open time of the dai­ly ses­sion and bar at 16:59 (the next day) as the clos­ing bar of the day.

It is also pos­si­ble to choose whether to dis­play his­tor­i­cal piv­ot point val­ues in the data win­dow.

Indi­ca­tor input para­me­ters :

Set­Time­Frame — sets the time frame from which the piv­ot points will be cal­cu­lat­ed.
Show­Val­uesIn­DataWin­dow — either set to true or false, this para­me­ter sets whether to show the piv­ot val­ues in the data win­dow.
Show­Me­di­ans — (true/false) the para­me­ter only has effect when the ShowHis­tor­i­calIndi­ca­tor­Val­uesOn­Chart para­me­ter is set to FALSE, if set to true, the medi­an lines between the piv­ot, resis­tance and sup­port val­ues will be drawn.
Use­Cus­tom­Start­Time — (true/false) please note that this fea­ture only works when Set­Time­Frame is set to the dai­ly time frame.
Start­Time — input the cus­tom start time in the for­mat shown i.e, hh:mm, of course this para­me­ter has effect only if the Use­Cus­tom­Start­Time val­ue is set to true.
ShowHis­tor­i­calIndi­ca­tor­Val­uesOn­Chart — (YES/NO) this para­me­ter is for choos­ing whether to draw his­tor­i­cal piv­ot val­ues on the chart. In order to dis­play piv­ots for the cur­rent ses­sion only set this val­ue to NO.
pcol­or — set col­or for piv­ot point.
scol­or — set col­or for all sup­port lev­els.
rcol­or — set col­or for all resis­tance lev­els.
medi­ans­col­or — set col­or for all medi­an val­ues.
NB. Note that when set­ting the Start­Time val­ue, it must cor­re­spond with the open time of any bar on the cur­rent chart. For exam­ple, you can­not set a Start­Time of 17:30 if the indi­ca­tor is applied to the Hourly chart, as there is no bar that opens at that time on this chart.

Mt5 Classic PivotPoints 

Relat­ed Posts
Indicator Linear Regression channel
Lin­ear regres­sion chan­nel con­sists of six par­al­lel lines that are equal­ly dis­tant upwards and down­wards from the trend line of the lin­ear regres­sion. The dis­tance between the chan­nel bor­ders and the …
Indicator Trajecta Vector
Tra­jec­ta Vec­tor is a trad­ing sig­nal indi­ca­tor using evo­lu­tion­ary, non-repaint­ing, and self adjust­ed algo­rithms of Tra­jec­ta Labs, encap­su­lat­ed at Tra­jec­ta Neu­ron plat­form. Descrip­tion of the Trad­ing Sig­nal Tra­jec­ta Labs Platform: Tra­jec­ta Neu­ron Plat­form Strategy: based on trend …
Indicator VSO
This indi­ca­tor is a nor­mal­ized oscil­la­tor. 0.66 Red line shows StdDev+2, and ‑0.66 Lime line shows StdDev‑2. About 2000 or more bars are required for this indi­ca­tor because of cal­cu­la­tion of nor­mal­iza­tion. Input …
Indicator SignalFinder Demo
Sig­nalFind­er is a mul­ti­c­ur­ren­cy indi­ca­tor dis­play­ing trend direc­tion for sev­er­al cur­ren­cy pairs and time frames on a sin­gle chart. Main Fea­tures: The indi­ca­tor is installed on a sin­gle chart. The trend is defined …
Indicator ATR Envelopes tfmt5
ATR Envelopes use a mul­ti­ple of the Aver­age True Range and add an upper enve­lope line and low­er enve­lope line around a mov­ing aver­age. ATR Envelopes are also known as …
Indicator Index Pro MT5 Demo
This is a free demo ver­sion of the Index Pro MT5 indi­ca­tor. Use this ver­sion to see the indi­ca­tor func­tion­al­i­ty on the exam­ple of the British Pound index (GBP). To draw charts …
Indicator Hlaiman Neural Indicator for MT5
Indi­ca­tor that uses neur­al net­works to pre­dict direc­tion of price move­ment. The indi­ca­tor was cre­at­ed auto­mat­i­cal­ly using Hlaiman EA Gen­er­a­tor soft­ware to demon­strate its capa­bil­i­ties. Detailed descrip­tion of neur­al net­works …
Indicator Markets Money Position Size tfmt5
This indi­ca­tor uses the chart infor­ma­tion and your inputs to dis­play a cal­cu­lat­ed lot size and asso­ci­at­ed stop for long or short posi­tions. It uses an ATR based per­cent volatil­i­ty …
Indicator True Trade Growth Percent Demo
The True Trade Growth indi­ca­tor dis­plays a true result of trad­ing in per­cent­age terms. It shows the per­cent­age cal­cu­lat­ed on the basis of your trade his­to­ry with­out con­sid­er­ing deposits and with­drawals. This …
Indicator Squeeze
Squeeze sys­tem was devel­ope­d by John F. Carter. This sim­ple indi­ca­tor dis­plays Squeeze and Accel­er­a­tion peri­ods. Squeeze = Peri­ods when Kelt­ner bands are inside Bollinger bands. Accel­er­a­tion = Peri­ods when the prices go out …
Indi­ca­tor Lin­ear Regres­sion chan­nel
Indi­ca­tor Tra­jec­ta Vec­tor
Indi­ca­tor VSO
Indi­ca­tor Sig­nalFind­er Demo
Indi­ca­tor ATR Envelopes tfmt5
Indi­ca­tor Index Pro MT5 Demo
Indi­ca­tor Hlaiman Neur­al Indi­ca­tor for MT5
Indi­ca­tor Mar­kets Mon­ey Posi­tion Size tfmt5
Indi­ca­tor True Trade Growth Per­cent Demo
Indi­ca­tor Squeeze

Leave a Reply


Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.