Daily Pivot Points shifted for different day start timeindicator for...

Daily Pivot Points shifted for different day start time – chizindikiro kwa MetaTrader 4

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The extremely useful pivot points plotted and adjustable to your chosen time offset compared to official server time.

This indicator plots horizontal lines at daily pivot levels R3, R2, R1, chikatikati, S1, S2 & S3, using a day that is advanced (or retarded) from the server time (called Pivot Day). You can see in the illustration, that the pivot lines start earlier than the server time days (except for the most recent day, because it was a weekend).

The only input is the integerShiftHrs”, which gives the number of hours to advance the pivot day. A negative value delays the day for pivot calculation. Mwachitsanzo, if your server is on New York time (GMT-5) and you want pivot points in London time (GMT), then ShiftHrs is set to +5 (the default in the code).

Saturday and Sunday trading is not ignored (after all it was real trading). If the pivot day shift results in data appearing on Saturday, it was really Friday where it occured, so the indicator treats it as part of Friday. If the pivot day shift results in data appearing on Sunday, it was really Monday where it occured, so the indicator treats it as Monday.

It uses an indicator buffer for each line, so pivot levels of previous days remain visible. (This has a negative consequence: it is not possible to use the same technique to draw additional intermediate levels (S0.5, S1.5, etc.) because of the limit of 8 buffers.)

Labels are shown for the most recent day’s levels.

This indicator can be applied to any chart period, although daily pivots on charts with long periods are meaningless.

The formulae for the calculations are:

Pivot = ( mkulu + Low + Close ) / 3
Range = High – Low
Resistance1 = 2 * chikatikati – Low
Resistance2 = Pivot + Range
Resistance3 = Resistance1 + Range
Support1 = 2 * chikatikati – mkulu
Support2 = PivotRange
Support3 = Support1Range

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Daily Pivot Points shifted for different day start time – chizindikiro kwa MetaTrader 4 ndi Metatrader 4 (MT4) chizindikiro ndipo akamanena za Ndalama Zakunja chizindikiro ndi kusanduliza anapeza mbiri deta.

Daily Pivot Points shifted for different day start time – chizindikiro kwa MetaTrader 4 amapereka mwayi kudziwa peculiarities zosiyanasiyana zosiyanasiyana mu mphamvu mtengo amene ali maso wamaliseche.

Yachokera pa nkhaniyi, amalonda akhoza kuganiza zina mtengo kayendedwe ndi kusintha njira mogwirizana.

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Daily Pivot Points shifted for different day start time – chizindikiro kwa MetaTrader 4

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