How to identify the closest pivot points level to current price

• 02/10/2019 at 9:13 PM #90989
  juanj

  Good Day PRC Community

  I have a question which I hope some of the other experienced coders (@Nicolas @Vonasi @RobertoGozzi) here can help me with:

  Let’s say I have identified 10 major levels of support and resistance (some above and some below the current price).

  Note: Each major level has its own variable name assigned to it.

  Question:

  How do I determine the level (variable name) directly above the current closing price as well as directly below?

  

  juanj

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  02/10/2019 at 9:18 PM #90990
  robertogozzi

  Since arrays are not supported, you’ll have to use IF…ELSIF… ENDIF to test each time all the 10 variables.

  Thers’s no shorter workaround.

  

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  02/10/2019 at 9:20 PM #90991
  juanj

  Thinking of solutions as I type this:

  First thought is to find all levels (variables) larger than the current close and then use the min of those

  Then find all the levels (variables) lower than the current close and then use the max of those

  Now to find a practical way to code it

  

  juanj

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  02/10/2019 at 9:22 PM #90992
  juanj

  Nested if statements won’t cut it as there are actually 21 levels which will have to be measured against close as well as themselves. Meaning we are looking at hundreds of outcomes. Will have to use a combination of If statements and loops in applying my last mentioned logic.

  

  juanj

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  02/10/2019 at 9:33 PM #90994
  juanj

  Coding this without arrays is going to tricky but I want to believe there is a way without writing a 21×21=441 condition nested if statement

  

  juanj

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  02/10/2019 at 9:41 PM #90996
  juanj

  My brain is breaking over this, every solution keep going back to needing arrays

  

  juanj

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  02/10/2019 at 10:35 PM #90997
  robertogozzi

  No workarounds, sorry.

  We must wait till end of March to discover any new feature in version 11, but I guess arrays are not going to be supported, yet.

  

  robertogozzi

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  02/10/2019 at 11:10 PM #90998
  Vonasi

  juanj wrote:

  First thought is to find all levels (variables) larger than the current close and then use the min of those Then find all the levels (variables) lower than the current close and then use the max of those Now to find a practical way to code it

  You answered your own question!

  So you have 10 support/resistance levels recorded as a1 to a10 that could be anywhere compared to price.

  Here is an example using just three levels that can be easily expanded to 10 levels.

  once above1 = 100000000 once above2 = 100000000 once above3 = 100000000 once below1 = 0 once below2 = 0 once below3 = 0 //Repeat until you have ten start values for each (your code that finds the last ten support and resistance levels and stores them as a1 to a10) //first value if a1 < 100000000 and a1 > close then above1 = a1 - close endif if a1 > 0 and a1 < close then below1 = close - a1 endif //2nd value if a2 < 100000000 and a2 > close then above2 = a2 - close endif if a2 > 0 and a2 < close then below2 = close - a2 endif //3nd value if a3 < 100000000 and a3 > close then above3 = a3 - close endif if a3 > 0 and a3 < close then below3 = close - a3 endif ///repeat the above until all 10 options are covered! nearestabove = min(min(above1,above2),above3) //expand to 10 nearestbelow = min(min(below1,below2),below3) //expand to 10 lb = close - nearestbelow ha = close + nearestabove

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  once above1 = 100000000 once above2 = 100000000 once above3 = 100000000 once below1 = 0 once below2 = 0 once below3 = 0 //Repeat until you have ten start values for each   (your code that finds the last ten support and resistance levels and stores them as a1 to a10)   //first value if a1 < 100000000 and a1 > close then above1 = a1 - close endif   if a1 > 0 and a1 < close then below1 = close - a1 endif   //2nd value if a2 < 100000000 and a2 > close then above2 = a2 - close endif   if a2 > 0 and a2 < close then below2 = close - a2 endif   //3nd value if a3 < 100000000 and a3 > close then above3 = a3 - close endif   if a3 > 0 and a3 < close then below3 = close - a3 endif   ///repeat the above until all 10 options are covered!   nearestabove = min(min(above1,above2),above3) //expand to 10 nearestbelow = min(min(below1,below2),below3) //expand to 10   lb = close - nearestbelow ha = close + nearestabove

  Written after quite a few glasses of red wine and a beer so might be complete cobblers and usually there is a more efficient way to do it than my first idea!

   

   

   

  

  Vonasi

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  02/11/2019 at 12:19 AM #91000
  Vonasi

  My above code assumes that every time you find a new support or resistance level then one is dropped and the new one is added like this:

  newlevel = (value returned by your code for finding new support or resistance levels) if a3 <> newlevel then a1 = a2 a2 = a3 a3 = newlevel endif // and then onto the code posted above.

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  newlevel = (value returned by your code for finding new support or resistance levels)   if a3 <> newlevel then a1 = a2 a2 = a3 a3 = newlevel endif   // and then onto the code posted above.

   

  

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  02/11/2019 at 8:58 AM #91006
  juanj

  Thanks Vonasi, you seem to code just fine with your wine. Probably due to the Ballmer Peak 😉 (https://xkcd.com/323/)

  I have added the code, plotting all Monthly, Weekly and Daily Pivot Levels.

  But for some reason the result is wacky, The ‘Pivot Above’ in reality is actually the Pivot Directly Below? And the ‘Pivot Below’ is just the lowest pivot??

  Defparam cumulateorders = False //pivot calculations Timeframe(Monthly) MHigh = high[1] MClose = close[1] MLow = low[1] MPivot = (MHigh + MLow + MClose)/3 //Monthly Pivot Calculation MR1 = MPivot*2-MLow MS1 = MPivot*2-MHigh MR2 = MPivot+(MHigh-MLow) MS2 = MPivot-(MHigh-MLow) MR3 = MHigh+(2*(MPivot-MLow)) MS3 = MLow-(2*(MHigh-MPivot)) Timeframe(Weekly) WHigh = high[1] WClose = close[1] WLow = low[1] WPivot = (WHigh + WLow + WClose)/3 //Weekly Pivot Calculation WR1 = WPivot*2-WLow WS1 = WPivot*2-WHigh WR2 = WPivot+(WHigh-WLow) WS2 = WPivot-(WHigh-WLow) WR3 = WHigh+(2*(WPivot-WLow)) WS3 = WLow-(2*(WHigh-WPivot)) TImeframe(Default) If dayofweek = 1 Then DPivot = (DHigh(2) + DLow(2) + DClose(2))/3 //Daily Pivot Calculation DR1 = DPivot*2-Dlow(2) DS1 = DPivot*2-DHigh(2) DR2 = DPivot+(DHigh(2)-DLow(2)) DS2 = DPivot-(DHigh(2)-DLow(2)) DR3 = DHigh(2)+(2*(DPivot-DLow(2))) DS3 = DLow(2)-(2*(DHigh(2)-DPivot)) Else DPivot = (DHigh(1) + DLow(1) + DClose(1))/3 //Daily Pivot Calculation DR1 = DPivot*2-Dlow(1) DS1 = DPivot*2-DHigh(1) DR2 = DPivot+(DHigh(1)-DLow(1)) DS2 = DPivot-(DHigh(1)-DLow(1)) DR3 = DHigh(1)+(2*(DPivot-DLow(1))) DS3 = DLow(1)-(2*(DHigh(1)-DPivot)) EndIf If MR1 + MS1 + MR2 + MS2 + MR3 + MS3 + Mpivot + WR1 + WS1 + WR2 + WS2 + WR3 + WS3 + Wpivot + DR1 + DS1 + DR2 + DS2 + DR3 + DS3 + Dpivot = 0 Then EndIf //Find Pivot Above and Below Close If MR1 > close Then MR1Above = MR1 MR1Below = 0 ElsIf MR1 < close Then MR1Below = MR1 MR1Above = 100000 EndIf If MS1 > close Then MS1Above = MS1 MS1Below = 0 ElsIf MS1 < close Then MS1Below = MS1 MS1Above = 100000 EndIf If MR2 > close Then MR2Above = MR2 MR2Below = 0 ElsIf MR2 < close Then MR2Below = MR2 MR2Above = 100000 EndIf If MS2 > close Then MS2Above = MS2 MS2Below = 0 ElsIf MS2 < close Then MS2Below = MS2 MS2Above = 100000 EndIf If MR3 > close Then MR3Above = MR3 MR3Below = 0 ElsIf MR3 < close Then MR3Below = MR3 MR3Above = 100000 EndIf If MS3 > close Then MS3Above = MS3 MS3Below = 0 ElsIf MS3 < close Then MS3Below = MS3 MS3Above = 100000 EndIf If MPivot > close Then MPivotAbove = MPivot MPivotBelow = 0 ElsIf MR1 < close Then MPivotBelow = MPivot MPivotAbove = 100000 EndIf If WR1 > close Then WR1Above = WR1 WR1Below = 0 ElsIf WR1 < close Then WR1Below = WR1 WR1Above = 100000 EndIf If WS1 > close Then WS1Above = WS1 WS1Below = 0 ElsIf WS1 < close Then WS1Below = WS1 WS1Above = 100000 EndIf If WR2 > close Then WR2Above = WR2 WR2Below = 0 ElsIf WR2 < close Then WR2Below = WR2 WR2Above = 100000 EndIf If WS2 > close Then WS2Above = WS2 WS2Below = 0 ElsIf WS2 < close Then WS2Below = WS2 WS2Above = 100000 EndIf If WR3 > close Then WR3Above = WR3 WR3Below = 0 ElsIf WR3 < close Then WR3Below = WR3 WR3Above = 100000 EndIf If WS3 > close Then WS3Above = WS3 WS3Below = 0 ElsIf WS3 < close Then WS3Below = WS3 WS3Above = 100000 EndIf If WPivot > close Then WPivotAbove = WPivot WPivotBelow = 0 ElsIf MR1 < close Then WPivotBelow = WPivot WPivotAbove = 100000 EndIf If DR1 > close Then DR1Above = DR1 DR1Below = 0 ElsIf DR1 < close Then DR1Below = DR1 DR1Above = 100000 EndIf If DS1 > close Then DS1Above = DS1 DS1Below = 0 ElsIf DS1 < close Then DS1Below = DS1 DS1Above = 100000 EndIf If DR2 > close Then DR2Above = DR2 DR2Below = 0 ElsIf DR2 < close Then DR2Below = DR2 DR2Above = 100000 EndIf If DS2 > close Then DS2Above = DS2 DS2Below = 0 ElsIf DS2 < close Then DS2Below = DS2 DS2Above = 100000 EndIf If DR3 > close Then DR3Above = DR3 DR3Below = 0 ElsIf DR3 < close Then DR3Below = DR3 DR3Above = 100000 EndIf If DS3 > close Then DS3Above = DS3 DS3Below = 0 ElsIf DS3 < close Then DS3Below = DS3 DS3Above = 100000 EndIf If DPivot > close Then DPivotAbove = DPivot DPivotBelow = 0 ElsIf DR1 < close Then DPivotBelow = DPivot DPivotAbove = 100000 EndIf PivotAbove = min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(MR1Above,MS1Above),MR2Above),MS2Above),MR3Above),MS3Above),MPivotAbove),WR1Above),WS1Above),WR2Above),WS2Above),WR3Above),WS3Above),WPivotAbove),DR1Above),DS1Above),DR2Above),DS2Above),DR3Above),DS3ABove),DPivotAbove) PivotBelow = max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(MR1Below,MS1Below),MR2Below),MS2Below),MR3Below),MS3Below),MPivotBelow),WR1Below),WS1Below),WR2Below),WS2Below),WR3Below),WS3Below),WPivotBelow),DR1Below),DS1Below),DR2Below),DS2Below),DR3Below),DS3Below),DPivotBelow) Graph PivotAbove coloured(255,0,0) as "Pivot Above" Graph PivotBelow coloured(0,255,0) as "Pivot Below" Buy possize contract at market //Graph close coloured(0,0,0) as "close" //Graph MPivot coloured(255,0,0) as "MPivot" //Graph WPivot coloured(0,255,0) as "WPivot" //Graph DPivot coloured(0,0,255) as "DPivot"

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  Defparam cumulateorders = False   //pivot calculations   Timeframe(Monthly)   MHigh = high[1] MClose = close[1] MLow = low[1]   MPivot = (MHigh + MLow + MClose)/3 //Monthly Pivot Calculation   MR1 = MPivot*2-MLow MS1 = MPivot*2-MHigh MR2 = MPivot+(MHigh-MLow) MS2 = MPivot-(MHigh-MLow) MR3 = MHigh+(2*(MPivot-MLow)) MS3 = MLow-(2*(MHigh-MPivot))   Timeframe(Weekly)   WHigh = high[1] WClose = close[1] WLow = low[1]   WPivot = (WHigh + WLow + WClose)/3 //Weekly Pivot Calculation   WR1 = WPivot*2-WLow WS1 = WPivot*2-WHigh WR2 = WPivot+(WHigh-WLow) WS2 = WPivot-(WHigh-WLow) WR3 = WHigh+(2*(WPivot-WLow)) WS3 = WLow-(2*(WHigh-WPivot))   TImeframe(Default)   If dayofweek = 1 Then DPivot = (DHigh(2) + DLow(2) + DClose(2))/3 //Daily Pivot Calculation   DR1 = DPivot*2-Dlow(2) DS1 = DPivot*2-DHigh(2) DR2 = DPivot+(DHigh(2)-DLow(2)) DS2 = DPivot-(DHigh(2)-DLow(2)) DR3 = DHigh(2)+(2*(DPivot-DLow(2))) DS3 = DLow(2)-(2*(DHigh(2)-DPivot)) Else DPivot = (DHigh(1) + DLow(1) + DClose(1))/3 //Daily Pivot Calculation   DR1 = DPivot*2-Dlow(1) DS1 = DPivot*2-DHigh(1) DR2 = DPivot+(DHigh(1)-DLow(1)) DS2 = DPivot-(DHigh(1)-DLow(1)) DR3 = DHigh(1)+(2*(DPivot-DLow(1))) DS3 = DLow(1)-(2*(DHigh(1)-DPivot)) EndIf   If MR1 + MS1 + MR2 + MS2 + MR3 + MS3 + Mpivot + WR1 + WS1 + WR2 + WS2 + WR3 + WS3 + Wpivot + DR1 + DS1 + DR2 + DS2 + DR3 + DS3 + Dpivot = 0 Then EndIf   //Find Pivot Above and Below Close   If MR1 > close Then MR1Above = MR1 MR1Below = 0 ElsIf MR1 < close Then MR1Below = MR1 MR1Above = 100000 EndIf   If MS1 > close Then MS1Above = MS1 MS1Below = 0 ElsIf MS1 < close Then MS1Below = MS1 MS1Above = 100000 EndIf   If MR2 > close Then MR2Above = MR2 MR2Below = 0 ElsIf MR2 < close Then MR2Below = MR2 MR2Above = 100000 EndIf   If MS2 > close Then MS2Above = MS2 MS2Below = 0 ElsIf MS2 < close Then MS2Below = MS2 MS2Above = 100000 EndIf   If MR3 > close Then MR3Above = MR3 MR3Below = 0 ElsIf MR3 < close Then MR3Below = MR3 MR3Above = 100000 EndIf   If MS3 > close Then MS3Above = MS3 MS3Below = 0 ElsIf MS3 < close Then MS3Below = MS3 MS3Above = 100000 EndIf   If MPivot > close Then MPivotAbove = MPivot MPivotBelow = 0 ElsIf MR1 < close Then MPivotBelow = MPivot MPivotAbove = 100000 EndIf   If WR1 > close Then WR1Above = WR1 WR1Below = 0 ElsIf WR1 < close Then WR1Below = WR1 WR1Above = 100000 EndIf   If WS1 > close Then WS1Above = WS1 WS1Below = 0 ElsIf WS1 < close Then WS1Below = WS1 WS1Above = 100000 EndIf   If WR2 > close Then WR2Above = WR2 WR2Below = 0 ElsIf WR2 < close Then WR2Below = WR2 WR2Above = 100000 EndIf   If WS2 > close Then WS2Above = WS2 WS2Below = 0 ElsIf WS2 < close Then WS2Below = WS2 WS2Above = 100000 EndIf   If WR3 > close Then WR3Above = WR3 WR3Below = 0 ElsIf WR3 < close Then WR3Below = WR3 WR3Above = 100000 EndIf   If WS3 > close Then WS3Above = WS3 WS3Below = 0 ElsIf WS3 < close Then WS3Below = WS3 WS3Above = 100000 EndIf   If WPivot > close Then WPivotAbove = WPivot WPivotBelow = 0 ElsIf MR1 < close Then WPivotBelow = WPivot WPivotAbove = 100000 EndIf   If DR1 > close Then DR1Above = DR1 DR1Below = 0 ElsIf DR1 < close Then DR1Below = DR1 DR1Above = 100000 EndIf   If DS1 > close Then DS1Above = DS1 DS1Below = 0 ElsIf DS1 < close Then DS1Below = DS1 DS1Above = 100000 EndIf   If DR2 > close Then DR2Above = DR2 DR2Below = 0 ElsIf DR2 < close Then DR2Below = DR2 DR2Above = 100000 EndIf   If DS2 > close Then DS2Above = DS2 DS2Below = 0 ElsIf DS2 < close Then DS2Below = DS2 DS2Above = 100000 EndIf   If DR3 > close Then DR3Above = DR3 DR3Below = 0 ElsIf DR3 < close Then DR3Below = DR3 DR3Above = 100000 EndIf   If DS3 > close Then DS3Above = DS3 DS3Below = 0 ElsIf DS3 < close Then DS3Below = DS3 DS3Above = 100000 EndIf   If DPivot > close Then DPivotAbove = DPivot DPivotBelow = 0 ElsIf DR1 < close Then DPivotBelow = DPivot DPivotAbove = 100000 EndIf   PivotAbove = min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(min(MR1Above,MS1Above),MR2Above),MS2Above),MR3Above),MS3Above),MPivotAbove),WR1Above),WS1Above),WR2Above),WS2Above),WR3Above),WS3Above),WPivotAbove),DR1Above),DS1Above),DR2Above),DS2Above),DR3Above),DS3ABove),DPivotAbove) PivotBelow = max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(max(MR1Below,MS1Below),MR2Below),MS2Below),MR3Below),MS3Below),MPivotBelow),WR1Below),WS1Below),WR2Below),WS2Below),WR3Below),WS3Below),WPivotBelow),DR1Below),DS1Below),DR2Below),DS2Below),DR3Below),DS3Below),DPivotBelow)   Graph PivotAbove coloured(255,0,0) as "Pivot Above" Graph PivotBelow coloured(0,255,0) as "Pivot Below"   Buy possize contract at market   //Graph close coloured(0,0,0) as "close" //Graph MPivot coloured(255,0,0) as "MPivot" //Graph WPivot coloured(0,255,0) as "WPivot" //Graph DPivot coloured(0,0,255) as "DPivot"

   

  

  juanj

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  02/11/2019 at 9:21 AM #91007
  Vonasi

  I’ve only just glanced at the code but can see straight away that line 231 is wrong. They should all be MIN and not MAX as we are looking for the smallest distance  below price and not the biggest.

  

  Vonasi

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  02/11/2019 at 9:23 AM #91008
  juanj

  @Nicolas @Vonasi I suspect my above-mentioned problem is possibly due to the way MTF updates values? If you graph close in relation to ‘Pivot Above’ and ‘Pivot Below’ you can clearly see there is a problem. Either that or the nested Max statement is failing.

  

  juanj

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  02/11/2019 at 9:23 AM #91009
  Vonasi

  Also I notice that when you store the values of ABOVE and BELOW you store the actual price whereas in my code I stored the difference between price and the level.

  

  Vonasi

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  02/11/2019 at 9:27 AM #91010
  Vonasi

  Sorry – only one cup of tea so far so not thinking straight! I can see that you have written your code differently to mine. I have to go out now but will try to look at it more closely when I get back.

  

  Vonasi

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  02/11/2019 at 9:29 AM #91012
  juanj

  Since the pivot level was still a value I didn’t think it a problem to just use the straight level instead of the difference between the close and price. But will change it and see

  

  juanj

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