Setup´s Lines with pivot points

Today I want to share with you this indicator that has already been created for a long time and that is based on Pivot points. I’m not going to explain how it works because I have it in disuse and I do not remember how it worked exactly but it may be that someone is useful.

“Dedicate your energies to the creation of good indicators, instead of trying to predict the movement of the market, and that way you can get to survive”

APPEL, GERALD

Hoy quiero compartir con ustedes este indicador que ya cree hace tiempo y que esta basado en los puntos Pivote. No os voy a explicar como funciona porque lo tengo en desuso y ya no me acuerdo como funcionaba exactamente pero puede que a alguien le sea de utilidad.

“Dedica tus energías a la creación de unos buenos indicadores, en vez de intentar predecir el movimiento del mercado, y de esa forma podrás conseguir sobrevivir”

APPEL, GERALD

//---settings 
//Rewind = 0
//ConstantePrecio = 1 //(1=weightedclose 2=Totalprice 3=Typicalprice 4=Medianprice)
//LineAnalisis=1
//---

Defparam DRAWONLASTBARONLY = True


If ConstantePrecio = 1 then
 Price = Weightedclose
elsif ConstantePrecio = 2 then
 Price = Totalprice
elsif ConstantePrecio = 3 then
 Price = Typicalprice
elsif ConstantePrecio = 4 then
 Price = Medianprice
elsif ConstantePrecio = 5 then
 Price = close
else
 Price = Typicalprice
endif

If LineAnalisis = 1 then
 DRAWVLINE(barindex[1+Rewind]) coloured (160,160,160)
else
endif

pp = price[1+Rewind]
MRe1  = (pp + Re1) / 2
Re1  = pp + (pp - Low[2+Rewind])
MRe2 = (Re1 + Re2) / 2
Re2  = pp + (High[2+Rewind] - Low[2+Rewind])
MRe3 = (Re2 + Re3) / 2
Re3  = High[2+Rewind] + 2*(pp - Low[2+Rewind])


MRe1So1=pp + (pp - price[2+Rewind])


MSo1 = (pp + So1) / 2
So1  = pp - (High[2+Rewind] - pp)
MSo2 = (So1 + So2) / 2
So2  = pp - (high[2+Rewind] - Low[2+Rewind])
MSo3 = (So2 + So3) / 2
So3  = Low[2+Rewind] - 2*(high[2+Rewind] - pp)

//==========================================================


DRAWTEXT("                     ···", barindex, (open + (open*0.004)))
DRAWTEXT("                     ···", barindex, (open + (open*0.008)))
DRAWTEXT("                     ···", barindex, (open + (open*0.012)))
//
DRAWTEXT("                     ···", barindex, (open - (open*0.004)))
DRAWTEXT("                     ···", barindex, (open - (open*0.008)))
DRAWTEXT("                     ···", barindex, (open - (open*0.012)))
//===========================================================
//DRAWSEGMENT(barindex[1], pp, barindex[0], pp)
DRAWTEXT("         ---0", barindex, pp)

//DRAWSEGMENT(barindex, MRe1So1, barindex[1], MRe1So1)
DRAWTEXT("                          ------MRe1So1", barindex, MRe1So1)

//DRAWSEGMENT(barindex, open, barindex[1], open)
//DRAWTEXT("                    ------Open", barindex, open)

//DRAWSEGMENT(barindex, MRe1, barindex[1], Mre1) coloured (102,102,102)
DRAWTEXT("                                                   ---MRe1", barindex, MRe1) coloured (255,255,0)

//DRAWSEGMENT(barindex, Re1, barindex[1], Re1) coloured (255,0,0)
DRAWTEXT("                   ------Re1", barindex, re1) coloured (255,0,0)

//DRAWSEGMENT(barindex, MRe2, barindex[1], Mre2) coloured (102,102,102)
DRAWTEXT("                                                   ---MRe2", barindex, MRe2) coloured (255,255,0)

//DRAWSEGMENT(barindex, Re2, barindex[1], Re2)coloured (255,0,0)
DRAWTEXT("                   ------Re2", barindex, re2)coloured (255,0,0)

//DRAWSEGMENT(barindex, MRe3, barindex[1], MRe3) coloured (102,102,102)
DRAWTEXT("                                                   ---MRe3", barindex, MRe3) coloured (255,255,0)

//DRAWSEGMENT(barindex, Re3, barindex[1], Re3)coloured (255,0,0)
DRAWTEXT("                   ------Re3", barindex, re3)coloured (255,0,0)

//DRAWSEGMENT(barindex, MSo1, barindex[1], MSo1) coloured (102,102,102)
DRAWTEXT("                                                   ---MSo1", barindex, MSo1) coloured (0,255,255)

//DRAWSEGMENT(barindex, So1, barindex[1], So1)coloured (0,255,0)
DRAWTEXT("                   ------So1", barindex, So1)coloured (0,255,0)

//DRAWSEGMENT(barindex, MSo2, barindex[1], MSo2) coloured (102,102,102)
DRAWTEXT("                                                   ---MSo2", barindex, MSo2) coloured (0,255,255)

//DRAWSEGMENT(barindex, So2, barindex[1], So2)coloured (0,255,0)
DRAWTEXT("                   ------So2", barindex, So2)coloured (0,255,0)

//DRAWSEGMENT(barindex, MSo3, barindex[1], MSo3) coloured (102,102,102)
DRAWTEXT("                                                   ---MSo3", barindex, MSo3) coloured (0,255,255)

//DRAWSEGMENT(barindex, So3, barindex[1], So3)coloured (0,255,0)
DRAWTEXT("                   ------So3", barindex, So3)coloured (0,255,0)

//X = 12

//If close[1+Rewind] > highest[3+Rewind](high[2+Rewind]) then
//DRAWTEXT("⊼", barindex[x], low,Dialog,Standard,30) coloured (0,255,0)
//DRAWELLIPSE(barindex[x-1], low+(low*0.002), barindex[x+1], low-(low*0.002)) coloured (102,102,102)

//elsif close[1+Rewind] < lowest[3+Rewind](low[2+Rewind]) then
//DRAWTEXT("⊻", barindex[x], High,Dialog,Standard,30) coloured (255,0,0)
//DRAWELLIPSE(barindex[x-1], high-(high*0.002), barindex[x+1], high+(high*0.0015)) coloured (102,102,102)

//else
//DRAWTEXT("⇅", barindex[10], close,Dialog,Standard,15) coloured (0,255,255)
//DRAWTEXT("⊼", barindex[x], low,Dialog,Standard,30) coloured (0,255,0)
//DRAWTEXT("⊻", barindex[x], High,Dialog,Standard,30) coloured (255,0,0)
//DRAWELLIPSE(barindex[x-1], low+(low*0.002), barindex[x+1], low-(low*0.002)) coloured (102,102,102)
//DRAWELLIPSE(barindex[x-1], high-(high*0.002), barindex[x+1], high+(high*0.0015)) coloured (102,102,102)
//endif




If Re1 > MRE1So1 and Re2 > Re1 and Re3 > Re2 And So1 < Mre1so1 and so2 < so1 and so3 < so2 then
 DRAWTEXT("                          ✔", barindex, MRe1So1,Dialog,Standard,30) coloured (0,255,0)
else
 DRAWTEXT("                          ✗", barindex, MRe1So1,Dialog,Standard,30) coloured (255,0,0)
endif




return



//(0, 0, 0)negro   ⁉  ⇡ ⇣  ⁈   ⁈
//(255, 255, 255)blanco
//(255, 0, 0)rojo
//(0, 255, 0)verde
//(0, 0, 255)azul
//(255, 255, 0)amarillo
//(0, 255, 255)azul celeste
//(255, 0, 255)añil

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//---settings

//Rewind = 0

//ConstantePrecio = 1 //(1=weightedclose 2=Totalprice 3=Typicalprice 4=Medianprice)

//LineAnalisis=1

//---

Defparam DRAWONLASTBARONLY = True

If ConstantePrecio = 1 then

Price = Weightedclose

elsif ConstantePrecio = 2 then

Price = Totalprice

elsif ConstantePrecio = 3 then

Price = Typicalprice

elsif ConstantePrecio = 4 then

Price = Medianprice

elsif ConstantePrecio = 5 then

Price = close

else

Price = Typicalprice

endif

If LineAnalisis = 1 then

DRAWVLINE(barindex[1+Rewind]) coloured (160,160,160)

else

endif

pp = price[1+Rewind]

MRe1 = (pp + Re1) / 2

Re1 = pp + (pp - Low[2+Rewind])

MRe2 = (Re1 + Re2) / 2

Re2 = pp + (High[2+Rewind] - Low[2+Rewind])

MRe3 = (Re2 + Re3) / 2

Re3 = High[2+Rewind] + 2*(pp - Low[2+Rewind])

MRe1So1=pp + (pp - price[2+Rewind])

MSo1 = (pp + So1) / 2

So1 = pp - (High[2+Rewind] - pp)

MSo2 = (So1 + So2) / 2

So2 = pp - (high[2+Rewind] - Low[2+Rewind])

MSo3 = (So2 + So3) / 2

So3 = Low[2+Rewind] - 2*(high[2+Rewind] - pp)

//==========================================================

DRAWTEXT(" ···", barindex, (open + (open*0.004)))

DRAWTEXT(" ···", barindex, (open + (open*0.008)))

DRAWTEXT(" ···", barindex, (open + (open*0.012)))

DRAWTEXT(" ···", barindex, (open - (open*0.004)))

DRAWTEXT(" ···", barindex, (open - (open*0.008)))

DRAWTEXT(" ···", barindex, (open - (open*0.012)))

//===========================================================

//DRAWSEGMENT(barindex[1], pp, barindex[0], pp)

DRAWTEXT(" ---0", barindex, pp)

//DRAWSEGMENT(barindex, MRe1So1, barindex[1], MRe1So1)

DRAWTEXT(" ------MRe1So1", barindex, MRe1So1)

//DRAWSEGMENT(barindex, open, barindex[1], open)

//DRAWTEXT(" ------Open", barindex, open)

//DRAWSEGMENT(barindex, MRe1, barindex[1], Mre1) coloured (102,102,102)

DRAWTEXT(" ---MRe1", barindex, MRe1) coloured (255,255,0)

//DRAWSEGMENT(barindex, Re1, barindex[1], Re1) coloured (255,0,0)

DRAWTEXT(" ------Re1", barindex, re1) coloured (255,0,0)

//DRAWSEGMENT(barindex, MRe2, barindex[1], Mre2) coloured (102,102,102)

DRAWTEXT(" ---MRe2", barindex, MRe2) coloured (255,255,0)

//DRAWSEGMENT(barindex, Re2, barindex[1], Re2)coloured (255,0,0)

DRAWTEXT(" ------Re2", barindex, re2)coloured (255,0,0)

//DRAWSEGMENT(barindex, MRe3, barindex[1], MRe3) coloured (102,102,102)

DRAWTEXT(" ---MRe3", barindex, MRe3) coloured (255,255,0)

//DRAWSEGMENT(barindex, Re3, barindex[1], Re3)coloured (255,0,0)

DRAWTEXT(" ------Re3", barindex, re3)coloured (255,0,0)

//DRAWSEGMENT(barindex, MSo1, barindex[1], MSo1) coloured (102,102,102)

DRAWTEXT(" ---MSo1", barindex, MSo1) coloured (0,255,255)

//DRAWSEGMENT(barindex, So1, barindex[1], So1)coloured (0,255,0)

DRAWTEXT(" ------So1", barindex, So1)coloured (0,255,0)

//DRAWSEGMENT(barindex, MSo2, barindex[1], MSo2) coloured (102,102,102)

DRAWTEXT(" ---MSo2", barindex, MSo2) coloured (0,255,255)

//DRAWSEGMENT(barindex, So2, barindex[1], So2)coloured (0,255,0)

DRAWTEXT(" ------So2", barindex, So2)coloured (0,255,0)

//DRAWSEGMENT(barindex, MSo3, barindex[1], MSo3) coloured (102,102,102)

DRAWTEXT(" ---MSo3", barindex, MSo3) coloured (0,255,255)

//DRAWSEGMENT(barindex, So3, barindex[1], So3)coloured (0,255,0)

DRAWTEXT(" ------So3", barindex, So3)coloured (0,255,0)

//X = 12

//If close[1+Rewind] > highest[3+Rewind](high[2+Rewind]) then

//DRAWTEXT("⊼", barindex[x], low,Dialog,Standard,30) coloured (0,255,0)

//DRAWELLIPSE(barindex[x-1], low+(low*0.002), barindex[x+1], low-(low*0.002)) coloured (102,102,102)

//elsif close[1+Rewind] < lowest[3+Rewind](low[2+Rewind]) then

//DRAWTEXT("⊻", barindex[x], High,Dialog,Standard,30) coloured (255,0,0)

//DRAWELLIPSE(barindex[x-1], high-(high*0.002), barindex[x+1], high+(high*0.0015)) coloured (102,102,102)

//else

//DRAWTEXT("⇅", barindex[10], close,Dialog,Standard,15) coloured (0,255,255)

//DRAWTEXT("⊼", barindex[x], low,Dialog,Standard,30) coloured (0,255,0)

//DRAWTEXT("⊻", barindex[x], High,Dialog,Standard,30) coloured (255,0,0)

//DRAWELLIPSE(barindex[x-1], low+(low*0.002), barindex[x+1], low-(low*0.002)) coloured (102,102,102)

//DRAWELLIPSE(barindex[x-1], high-(high*0.002), barindex[x+1], high+(high*0.0015)) coloured (102,102,102)

//endif

If Re1 > MRE1So1 and Re2 > Re1 and Re3 > Re2 And So1 < Mre1so1 and so2 < so1 and so3 < so2 then

DRAWTEXT(" ✔", barindex, MRe1So1,Dialog,Standard,30) coloured (0,255,0)

else

DRAWTEXT(" ✗", barindex, MRe1So1,Dialog,Standard,30) coloured (255,0,0)

endif

return

//(0, 0, 0)negro ⁉ ⇡ ⇣ ⁈ ⁈

//(255, 255, 255)blanco

//(255, 0, 0)rojo

//(0, 255, 0)verde

//(0, 0, 255)azul

//(255, 255, 0)amarillo

//(0, 255, 255)azul celeste

//(255, 0, 255)añil

pivot pivot points

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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supertiti • 10/30/2017 #
Nicolas

Est-il possible que tu nous donne un éclairage sur cet indicateur ?

le zero ne se trouve pas entre les supports et résistances ?

les verts/rouges sont des pivots journaliers,hebdo ?

les jaunes/bleus sont des hebdo,mensuels ?

l’auteur ne nous dit rien du fonctionnement de l’indicateur pourtant c’est un pro qui vends des cours dans la planète latine, ne serait ce que de la pub déguisée ?

Trading_En_El_Ibex35 • 10/30/2017 #
Quisiera aclarar que no soy un profesional ni vendo cursos, ni es publicidad disfrazada. verde rojo son pivotes cotidianos calculados con la constanteprecio elegida. amarillo azul corresponde a los centros de los verdes rojos , segun la formula aunque en la representacion salen donde les da la gana y la x y la verificacion corresponde a divergencias entre los verdes rojos

Trading_En_El_Ibex35 • 10/30/2017 #
Para calcular el punto pivote y los niveles de soporte y resistencia para operar durante la siguiente sesión, se requieren el high (alto), low (bajo) y close (cierre)del día anterior. El punto pivote es simplemente el promedio del high más el low más el close, o (H + L + C)/3. El nivel del soporte 1 es calculado multiplicando el Pivote por 2 y luego sustrayendo el high del día anterior. El nivel de resistencia 1 es calculado multiplicando el Pivote por 2 y luego sustrayendo el low del día anterior. El soporte secundario (S2) y el nivel de resistencia (R2) son calculados usando los números (P, S1 y R1). Y finalmente el soporte 3 (S3) y la resistencia 3 (R3) son calculados usando los números (P, H, L). Estos son los cálculos:

Resistencia 2 (R2) = P + (H – L)
Resistencia 1 (R1) = P + (P – L)
PP (P) = (H + L + C) / 3
Soporte 1 (S1) = PP – (H – P)
Soporte 2 (S2) = P – (H – L)
Existen variaciones de la fórmula, en las que los niveles de Soporte y Resistencia se calculan de diferente manera, variando ligeramente los resultados. Estas son algunas:

Resistencia 2 (R2) = P + (R1 – S1)
Resistencia 1 (R1) = (P * 2) – L
Punto Pivote (P) = (H + L + C) / 3
Soporte 1 (S1) = (P * 2) – H
Soporte 2 (S2) = P– (R1 – S1)
Resistencia 2 (R2) = P – (S1 + R1)
Resistencia 1 (R1) = (2*P) – L
PP (P) = (H + L + C) / 3
Soporte 1 (S1) = (2*P) – H
Soporte 2 (S2) = P – (R1 + S1)
Hay ciertas plataformas que calculan también los niveles (S3) y (R3), útiles en días de gran volatividad, u otras que calculan los niveles intermediarios, denominados (M), que también que aportan información adicional al calculo básico. Estos últimos son útiles después de un día con una gran volatilidad, ya que los Puntos Pivote quedan muy distanciados entre sí.

Resistencia 3 (R3) = H + 2 X (P – L)
Resistencia 2 (R2) = P + H – L
Resistencia 1 (R1) = (2 X P) – L
PP (P) = (H + L + C) / 3
Soporte 1 (S1) = (2 X P) – H
Soporte 2 (S2) = P – H + L
Soporte 3 (S3) = L – 2 X (H – P)
Variantes de los puntos pivote

supertiti • 10/30/2017 #
Hola

mis disculpas, creia que tu eres Jose Antonio Madrigal !
gracias por las explicaciones
un saludo

Trading_En_El_Ibex35 • 10/30/2017 #
espero que las explicaciones te hayan sido de ayuda
saludos

Nicolas Please open a new forum topic, and respect the posting rules. Add a precise description of w...

FXTT ok will do, apologies, as I said I am new here. many thanks

Noobywan Version v2 including requested additions: https://www.prorealcode.com/prorealtime-indicators...

Paul Thanks for posting. I was currently searching how to improve day-trading based on support an...

Jessar Könntest du im Forum etwas öffnen und später darüber zu sprechen?

arahussein Hi All, I am new to trading and i find this indicator very logicail! Hence my (dumb?) quest...

juju333 Merci Nicolas, j'utilisais avec bonheur ce code dans la 10.3, il ne tourne plus dans la v11....

Nicolas Remplacer les lignes 11 et par 12 avec: yearlyHigh = Highest[max(1,BarIndex - lastYearBarI...

juju333 merci !!!

zilliq Be careful, It works only if you are in daily timeframe, and on your graphic you are on hou...

DerPat I guess you are right, like always. If you change n to 24 you have at least the hours of a d...

gabri DerPat, you can also change line1 to read as follow to adapt this script to hourly timefram...

roos Hi Nicolas, another really helpful bit of code, thank you! Can I ask how you might amend so ...

Denis Good evening Nicolas, could you tell me where thae arrows on the chart come from ? I don't s...

Nicolas there is no arrow in this indicator.

rajiwas Hello Nicolas, With Daily Pivot, it easy for me to show current day pivot e.g. if Date = T...

Nicolas You'll find many other pivots points indicators in the library, just use the search box of t...

rajiwas Thanks for the suggestion.

Grantx When I add this code, the indicator appears in the panel below price. How do I get it to dis...

Patrik72 Hello, thank you very much for the great indicator. One question, is it possible just have l...

datageek is it possible to add Mid pivot points (midR1 and MidS1)?

supertiti // PIVOT OSCILLO onchart PRC DID Pivot Oscillator - ProRealCode - prorealtime prog...

supertiti https://hubic.com/home/pub/?ruid=aHR0cHM6Ly9sYjEuaHViaWMub3ZoLm5ldC92MS9BVVRIXzFiNjRhYmY3ZjA...

supertiti http://ovh.to/rbcdfr2

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