Weekly & Daily Pivot Points

Weekly & Daily Pivot Points

Hello everyone,

The calculation of pivot points is very easy, since the formulas are well known.

As I try to backtest strategies using pivot points, I had the idea to create an indicator that combines both the weekly and daily pivot points.

On the chart, you see the weekly pivot point (blue line), and the daily pivot point (red).

From this, many strategies should be possible to create.

Tell me if you have an effective strategy, I can backtest it !

Share this

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.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Adolfo Onrubia • 04/25/2016 #

    Fantastic Job! 
    Thanks

  2. Doctrading • 04/25/2016 #

    Thanks, man !

  3. rajiwas • 04/25/2016 #

    How is it possible to add currentWeekHigh and currentWeekLow, currentWeekOpen and currentWeekClose to calculate currentWeekPivot in this indicator.

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
Juanjo Hola?. Exactamente cuál es su utilización?.
bolsatrilera Hola Juanjo, su principio esparecido a las bandas de Bollinguer.Las lineas de las bandas son...
Leo ..for some reason I can not add PRT code properly... anyway
Vonasi Thanks for that Leo. Apparently there is some fault with the site that means posting code is...
Nicolas Sorry again, doing my best to fix this problem..
Vonasi The indicator code can easily be adapted for use as a filter in strategies as well. For exam...
AVT Tested today in manual DAX trading (transcripted to MT and changed look into aka oszillator)...
Vonasi I think that short time frame charts will be too noisy for this indicator. One blue bar real...
Vonasi I forgot to mention in the description that Sunday pivot lines are ignored and Monday's pivo...
AVT Like that, simple and clear!
Vonasi Thanks AVT. I like simple - some people would say that I do simple very well! Sometimes you ...
lumarino Bom dia Ale. Obrigado pela partilha. Você tem alguma das suas estratégias operando em Modo R...
ALE OLÁ NESTE MOMENTO EU NÃO ESTOU USANDO ESTAS ESTRATÉGIAS DESDE QUE EU TENHO O CAPITAL OCUPADO...
lumarino Qual é então a sua Estrategia de eleição ALE??
Nicolas Merci de faire une demande spécifique sur le forum et j'essaierai d'y remédier.
redz voila nicolas c'est fait https://www.prorealcode.com/topic/demande-de-programmation-point-f...
Nicolas Merci, je m'en occupe dès que possible.
Trading_En_El_Ibex35 Para calcular el punto pivote y los niveles de soporte y resistencia para operar durante la ...
supertiti Hola mis disculpas, creia que tu eres Jose Antonio Madrigal ! gracias por las explicaci...
Trading_En_El_Ibex35 espero que las explicaciones te hayan sido de ayuda saludos
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...
haseluis Hello, who can help me why the screener does not work // Der folgende Code bezieht sich auf...
Nicolas Hello, please ask your question with a new forum topic, this is not the place to ask for sup...
Nicolas Yes, but that's a translation of the original code someone asked in forums.
crolakstrading hi Nicolas.. please is there's a way to fix this? what am i doing wrong? iis everyone else g...
crolakstrading what can i do to change this in to the right daily ATR? is it something to do with the timez...
Nicolas Thanks for contributing to the "ichimoku section" of the prorealtime code library Don't he...
sourberry Thank you , this is a great indicator works beautifully. Could you kindly modify to scr...
mcha bonsoir j'ai tenté de déterminer le point pivot trimestriel en mettant quarter mais cela n'...
Nicolas Cela a déjà été codé quelque part sur le forum, en anglais, il faut chercher 'quarterly' ave...
mcha dans cet article par exemple "Monthly High Low Close Indicator". N'avait pas cherché au bon...
Doctrading Yes, nice idea.
noisette I tried some backtests with "9:30 MACD" with "Breakout strategy" but results are much better...
Doctrading Hello, can you send us your code ?
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.
Nicolas Yes if you are with version 10.3 already, you can have a look at how to draw them with the n...
bluetime6 Hello.   In german xetra count for pivot only time 09.00 to 17.30 german time. In ig ...
Toto le Heros There is a mistake in S3 and R3 (and S4 and R4...)... if I am not mistaken. I personnaly co...

Top