Thread: The Best Pivot Points Indior Ever

Disappointed with all the pivot points indiors I've seen on the world wide web, I decided to plan my own indior with all the functions that I needed.

Features:Pivot Points Fibonacci retracements of the previous day's range Open, high, low, and closure of the previous day Plots one period in the future for making tomorrow's commerce plan Price labels for all levels Works on all time frames Works with multiple instances on at the same time Please provide suggestions for any attributes you might want and/or problems with the indior. If you're a programmer, you MUST place the indior back to this thread if you make any adjustments as I would like them to benefit everyone.

Changelog:

2015/05/17 blur fixes.
https://www.forexforum.co.za/attachm...2076255708.ex4
https://www.forexforum.co.za/attachm...1786422049.mq4

https://www.forexforum.co.za/attachm...1837883907.ex4
https://www.forexforum.co.za/attachm...1686935165.mq4

Wonderful indior, thank you Wyatt

Great work. Have a look at my pivot based ea developed with Hanover. Looking to develop it and enjoy some of your ideas. Do not use Monday pivots to compute. Get me back .
https://www.forexforum.co.za/attachm...2137307969.ex4

I think I found a bug. Image attached.
all settings are default. As soon as I saw this thing happen I thought possibly pivots are placed on the current month. I altered future pivots to false (because you can see on the picture), but I still get same results. Time frames that are pivot that are other seems working ok.

And another thing, when I set plot zones to false and plot borders to authentic, R2/S2 lines aren't displayed, they are covered by some thing (borders I assume), when plot borders change to false, then lines seems. So, perhaps it would be nice to make those borders literally 1-2px higher/lower (such as up/down)? Or else they have a meaning that is vital and if it'd be misplaced by 1-2px it'd ruin someones egies? I'm not strong in pivots, and thus don't know here

I do not know how things are draw MT4, however if they are attracted by layers then to put S/R on the surface (to draw it the last), it means it'll not be covered by anything and always will be observable?

Thank you for the suggestions.

The PlotFuturePivots feature was actually intended to plot the pivot points of the next period in the future based on current price calculations. This is so you may use a drawing tool to draw where you believe price will proceed in the next day, week, month, etc.. They weren't intended to overlap with the current period points as future pivots start off scrunched up that could interfere with the appearance.

Together with the border overlapping the R2/S2, I actually liked the look better so that I went.

Your suggestions are mentioned and will be considered for a future upgrade.

But I made special modifiion into the official launch for you with the top and bottom border eliminated and also the future pivots optionally overlapping. You're welcome.
https://www.forexforum.co.za/attachm...1411781869.ex4
https://www.forexforum.co.za/attachm...2667930822.mq4

Oh man... you are way too nice I take my hat off.

Originally Posted by ;

Thank you for the tips. The PlotFuturePivots attribute was really meant to plot the points of the period from the future based on current price calculations. That is so you may use a drawing tool to draw where you think price will move within the next day, week, month, etc.. They were not meant to overlap with the current interval's pivot points as pivots start off scrunched up which could interfere with the appearance. With the border overlapping the R2/S2, I really liked the look better so I went. Your ideas...

Hi Wyatt,

I only noticed something after I enabled to display fibs values - why are you currently using fibs worth 21.4 but not 23.6 that is the most popular one? I haven't seen anybody use 21.4, but you. Wanted to ask what's the main reason for it?

21.4 is the equal of 78.6 on the short side (100 - 78.6 = 21.4).

I'm aware that some people today use the worth 23.6 and 76.4 on their fibs. I almost included those in the indior however figured not many people would love it.

Currently on the list of features to add:Manual large,low, and close enter (users may calculate fibs based on input,low, and close values instead of automatically) Customizable fibonacci levels Non-traditional pivot points (Camarilla, Woodies, etc.)

I thought so too and had my own fibs set the way you'd by deducting from 1, but apparently you need to square root amounts, not subtract from 1 and seemingly 23.6 and 78.6 are most proven/popular fib values (I always used 76.4 before).


Customizable fibs is a great idea, coz I would really like to leave just 3 centre fib levels when chart is over cluttered but atm you can't remove/add off/on fibs.

Seemingly 21.4 is not so important as 23.6. When I did study all streets leads there.
There is a discussion here.
Then I discovered this:

Originally Posted by ;

The 23.6% ratio is found by dividing a single number in the show from the number that's three places to the right. For instance: 8/34 = 0.2352.

Here http://en.wikipedia.org/wiki/Fibonacci_retracement demones how fibs are exactly calculated. There is nowhere a 21.4 could be discovered. It's a traders' amount which is not fibs number that is original.

I just thought will allow you to know.

ps. You're doing good job with your indiors.
ps2. Personal question - do you favor fibs or camarilla levels?

Oh and one more request
can you put in time offset option to your indior? Your indior calculate pivots from 00:00 to 23:59, however my broker is GMT 2, so it means my continues to be computed not from 00 to 00, but 22 to 22, what's 2 hours too early so as a result I have incorrect fated.


thank you.