Pivots JF. Carter.

Category: Indicators By: JJ Tec Created: December 18, 2018, 2:59 PM
December 18, 2018, 2:59 PM
Indicators
0 Comments

Here is an indicator that shows the pivots according to the formula used by J.F Carter in his book “Dominate Trading”.

The color of the pivots can be configured to your own taste.

 

// Pivots JF Carter
// J.J.P.
// Diciembre 2018.

DefParam DrawOnLastBarOnly = true
if day <> day[1] then
 startbar = barindex
endif


Pv=(high+low + close)/3
Rs1=2*pv-low
Rs2=pv+(high-low)
Rs3=Rs1 + (high-low)
Ss1=2*pv-high
Ss2=pv-(high-low)
Ss3=Ss1-(high-low)

//r=255
//g=255
//b=255
drawtext("                                 Pv-#pv#",startbar,pv,Dialog,Standard,10) coloured(r,g,b)
drawtext("                                 R1-#Rs1#",startbar,rs1,Dialog,Standard,10) coloured(r,g,b)
drawtext("                                 R2-#Rs2#",startbar,rs2,Dialog,Standard,10) coloured(r,g,b)
drawtext("                                 R3-#Rs3#",startbar,rs3,Dialog,Standard,10) coloured(r,g,b)
drawtext("                                 S1-#ss1#",startbar,ss1,Dialog,Standard,10) coloured(r,g,b)
drawtext("                                 S2-#ss2#",startbar,ss2,Dialog,Standard,10) coloured(r,g,b)
drawtext("                                 S3-#Ss3#",startbar,Ss3,Dialog,Standard,10) coloured(r,g,b)
return

Download
Filename: JJP-Pivots-Carter.itf
Downloads: 158
JJ Tec Veteran
This author is like an anonymous function, present but not directly identifiable. More details on this code architect as soon as they exit 'incognito' mode.
Author’s Profile

Comments

Logo Logo
Loading...