MT5 Fibonacci and Pivot indicators

1
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)

Image


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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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Mrs.Watanabe


Re: MT5 Fibonacci and Pivot indicators

2
gaarmitaar wrote: Tue Aug 08, 2023 12:54 am Request the teacher to add alert on this wonderfull indicator when price closes above or below the support/resistance line

Merit is immesurable ! Thank you !




Support_and_Resistance_-_barry.mq5
Alerts should work but please test.
These users thanked the author mrtools for the post (total 3):
gaarmitaar, josi, RodrigoRT7




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