Pivot Points (Daily) for ProRealTime

Hi all,

This is the code for classical Pivot Points (daily).

It is very simple, and can be very useful to backtest some strategies.
By the way, if you know an efficient one, tell me and I can backtest and improve it.
I haven’t found it yet.

And for the Monday, pivot points are based on the calculation of SUNDAY, so it is wrong.
I will soon fix this issue

Greetings,
Marc

Ht = DHigh(1)
Bs = DLow(1)
C = DClose(1)


Pivot = (Ht + Bs + C) / 3
Res4 = Pivot + ((Ht - Bs)*3)
Res3 = Pivot + ((Ht - Bs)*2)
Res2 = Pivot + Ht - Bs
Res1 = (2 * Pivot) - Bs
Sup1 = (2 * Pivot) - Ht
Sup2 = Pivot - (Ht - Bs)
Sup3 = Pivot - ((Ht - Bs)*2)
Sup4 = Pivot - ((Ht - Bs)*3)


return Pivot as "Point Pivot", Res1 as "R1", Res2 as "R2", Res3 as "R3", Res4 as "R4", Sup1 as "S1", Sup2 as "S2", Sup3 as "S3", Sup4 as "S4"

NB :

I can’t set “H =”… or “R2 = “… so I did write “Ht” and “Res2”.

Download

Filename: Pivots-points-Daily.itf

Downloads: 251

Comments

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datageek

5 years ago

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

Patrik72

7 years ago

Hello, thank you very much for the great indicator. One question, is it possible just have lines for each day as the original Pivot Points in ProRealTime without lines between one day and another? Best regards, Patrik

Grantx

8 years ago

When I add this code, the indicator appears in the panel below price. How do I get it to display on the chart itself? Thanks

Toto le Heros

9 years ago

There is a mistake in S3 and R3 (and S4 and R4...)... if I am not mistaken. I personnaly consider : Pivot = (H + B + C) / 3 S1 = (2 x Pivot) - H S2 = Pivot - (H - B) S3 = B - 2x (H - Pivot) S4 = B - 3x (H - Pivot) R1 = (2 x Pivot) - B R2 = Pivot + (H - B) R3 = H + 2x (Pivot - B) R4 = H + 3x (Pivot - B)

bluetime6

9 years ago

Hello.

In german xetra count for pivot only time 09.00 to 17.30 german time. In ig the count for pivot is 0.00 to 24.00.

So how can i found pivot and r1 for xetra?

Choo Jen-Sin

10 years ago

Is there any way to:

change style of indicator, e.g. solid lines to dotted lines
display the label of the line, e.g. S3

Nicolas

10 years ago

Yes if you are with version 10.3 already, you can have a look at how to draw them with the new graphical instructions of the programming language here: http://www.prorealcode.com/documentation/style/

Doctrading

10 years ago

Thanks, I will try

Petrus

10 years ago

There is a trick to avoid the failure of the wrong signal on monday :

a1=OpenDayOfWeek
b1=DHigh(1)
b2=DHigh(2)
c1=DLow(1)
c2=DLow(2)
d1=DClose(1)
d2=DClose(2)
IF a1=1 THEN
b1=b2
c1=c2
d1=d2
ELSE
b1=b1
c1=c1
d1=d1
ENDIF

H1 = b1//High
L1 = c1//Low
C = d1//Close

Pivot = (H1 + L1 + C) / 3

You can do the same procedure to calculate the resistances and supports.

Doctrading

10 years ago

Yes, you are right Nicolas

filiprb

10 years ago

Thank you for your help.

Best regards

Doctrading

10 years ago

"Set target profit" is the target in PIPS

You should write :

sell at target limit
exitshort at target limit

Regards,

Nicolas

10 years ago

You made a mistake by using "target" instead of "ttarget" which is the good variable name.

The code would be instead:

sell at ttarget limit
exitshort at ttarget limit

filiprb

10 years ago

Hello Doctrading,

I'm currently building a strategy that sets the daily Pivot point as target. I´ve though run in to some problems. My code doesn't exit trades at the pivd and i can't find the reason why.

Here is my target code;

ttarget = ((DHigh(1) + DLow(1) + DClose(1))/3)

set target profit ttarget

What am i doing wrong? I would appreciate your help.