Pivot System – colorful, versatile, multi / multiinstrumentalny level indicator system Pivot Points, consisting of three versions: Standard Old, Standard New and Fibo, selected as desired by the user. Construction is in a separate window.
The system automatically calculates the pivot point Pivot Point on the basis of market data for the previous day (PERIOD_D1) And a system of resistance and support levels, three in each. By the user are displayed price tags of each level.
The user is given the opportunity to paint the indicator lines.
Version Standard New differs from Standard Old only the method of calculating the level of the third support (S3) and a resistance (R3).
The visual difference between the three versions can be found on the attached video (produced to illustrate the main window).
- Currency_Name – the name of the financial instrument.
- Bars_Number – the number of bars to display in a separate window.
- Bars_Flag – flag on the display resolution set in parameter Bars_Number number of bars:
- true – in accordance with the amount Bars_Number.
- false – the maximum available number of bars in history.
- 0 – Standard Old.
- 1 – Standard New.
- 2 – Fibo.
By default, the system calculates the levels by the method Standard Old.
The indicator can be used for manual or automatic trading advisor in the composition. indications of indicator types of buffers can be used for automated trading double:
- The pivot Pivot Point – 0 buffer.
- Support level 1 – 1 buffer.
- Support Level 2 – Buffer 2.
- Support 3 – 3 buffer.
- Resistance Level 1 – 4 buffer.
- Resistance level 2 – 5 buffer.
- Resistance Level 3 – 6 buffer.
Depending on the period of the schedule, which is used indicator readings indicator buffers back in history should be interviewed with a shift from the zero bar and the same pitch on the following principle:
- PERIOD_M1: shift and step = 1440.
- PERIOD_M5: shift and step = 288.
- PERIOD_M15: shift and step = 96.
- PERIOD_M30: shift and step = 48.
- PERIOD_H1: shift and step = 24.
- PERIOD_H4: shift and step = 6.
- PERIOD_D1: shift and step = 1.
Schedule for each financial instrument may be displayed more than once. Otherwise, you will receive an error message related to its re-use and demand a replacement instrument.
It is recommended to use the indicator with the parameter Bars_Number, not exceeding the number of bars that are placed in one full screen (approximately 250 bars).
In case of loss of communication with the trading server, when restoring data communications and paging schedule it will be redrawn again from the beginning in an amount bars defined parameter Bars_Number and Bars_Flag.
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