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indicator:pivot_points

Table of Contents

Parameters
Implementation

Pivot Points

Parameters

Logical rules for Opening Point of the Position slot.

Enter long at R3 (short at S3);
Enter long at R2 (short at S2);
Enter long at R1 (short at S1);
Enter the market at the Pivot Point;
Enter long at S1 (short at R1);
Enter long at S2 (short at R2);
Enter long at S3 (short at R3);

Logical rules for Closing Point of the Position slot.

Exit long at R3 (short at S3);
Exit long at R2 (short at S2);
Exit long at R1 (short at S1);
Exit the market at the Pivot Point;
Exit long at S1 (short at R1);
Exit long at S2 (short at R2);
Exit long at S3 (short at R3);

List box parameters

Base price (One day). The base price for calculation of the indicator. Options: One day, One bar.

Numeric box parameters

Vertical shift (0). A vertical shift above the Resistance and below the Support levels. Minimum: -2000, Maximum: 2000.

Implementation

C# source code: Pivot Points.

MQL source code: Pivot Points.