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Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4

mrtools, Tue Nov 30, 2021 6:02 am

Dynamic Pivots for all timeframes

PS: For the updated version which has a toggle button, please see Kvak's code: Dynamic Pivot Points for all timeframes (Toggle Button).

From Mladen Rakic:

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:

  • 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()
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