pivots

AUTO PIVOTS for MT5 – indicator MetaTrader 5

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AUTO PIVOTS for MT5 - indicator for MetaTrader 5
Pivots are well known price action indicator . #property link      ” #property version   “1.00” #property indicator_plots 0 #property indicator_chart_window #property strict input color WeeklyColors = Yellow; input color MonthlyColors = Orange; input bool Use_Sunday_Data   = true; input bool Daily             = true; input bool Daily_SR_Levels   = true; input bool Weekly            = true; input bool Weekly_SR_Levels  = false; input bool … Read more

SSM RSI pivots – indicator MetaTrader 5

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SSM RSI pivots - indicator for MetaTrader 5
Theory : The original calculation of RSI is (in short) the following : Add the changes up and changes  down. From those sums, we can then calculate the RSI (Relative Strength Index). At that particular step Welles Wilder used what sometimes is called Wilders EM for smoother results, And that gives us space to [produce … Read more

Rocket RSI pivots – indicator MetaTrader 5

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Rocket RSI pivots - indicator for MetaTrader 5
Theory : “Rocket RSI” was (along with detailed description) published here : Rocket RSI This version is adding pivot calculation to such RSI. Pivots are calculated from the RSI itself, and you have 4 possible types that can be displayed : display pivot only display pivot and 1st level support and resistance display pivot and … Read more

Trix pivots – indicator MetaTrader 5

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Trix pivots - indicator for MetaTrader 5
Theory : TriX oscillator is a nice trending indicator found as a built in indicator in metatrader. This version is adding pivot calculation to such TRiX. Pivots are calculated from the TRiXitself, and you have 4 possible types that can be displayed : display pivot only display pivot and 1st level support and resistance display … Read more

Dynamic pivots – any time frame – indicator MetaTrader 5

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Dynamic pivots - any time frame - indicator for 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 the  Austin Passamonte’s idea) or alternate mode (when it is more support / resistance inclined) Recommendations: … Read more