Dynamic pivots – any time frame – indicator MetaTrader 5

Based on the Austin Passamonte’s idea , this indicator calculates pivots for any time frame (provided that the chosen time frame is higher than the chart time frame).

Two modes of calculation :

  • original (when it calculates as in theΒ  Austin Passamonte’s idea)
  • or alternate mode (when it is more support / resistance inclined)
Recommendations:
  • Use it as any other pivots
  • Since the code is optimized (only last bar calculated on new ticks), it can easily be used from any other code via iCustom()Β 
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