
Choice of Standard, Camarilla, Fibonacci, Woody’s or Demark pivot calculations.
Calculation based on previous bar of chosen periods.
double xOpen=iOpen(0,inpPeriod,1);double xClose= iClose(0,inpPeriod,1);
double xHigh = iHigh(0,inpPeriod,1);
double xLow= iLow(0,inpPeriod,1);
Default setting is H1, for scalping.
- xShift positions pivot lines relative to the first bar.
- xLen sets length of lines.
2 additional lines are drawn — Previous day’s High and Low.
Every and each line could be set up to your liking: Style, Color, Thickness (set color to None to disable line).
If viewing time frame is larger than indicator’s set period, the lines are not drawn, otherwise they only obstruct.
//— Draw Linesif(inpPeriod>=Period())
{
if(Period()<=1440)
{
DrawLevel(“Yesterdays High”,xYH,StyleYH,WidthYH,LevelYH);
DrawLevel(“Yesterdays Low”,xYL,StyleYL,WidthYL,LevelYL);
}
DrawLevel(“R3”,xR3,StyleR3,WidthR3,LevelR3);
DrawLevel(“R2”,xR2,StyleR2,WidthR2,LevelR2);
DrawLevel(“R1”,xR1,StyleR1,WidthR1,LevelR1);
DrawLevel(“PP”,xPP,StylePP,WidthPP,LevelPP);
DrawLevel(“S1”,xS1,StyleS1,WidthS1,LevelS1);
DrawLevel(“S2”,xS2,StyleS2,WidthS2,LevelS2);
DrawLevel(“S3”,xS3,StyleS3,WidthS3,LevelS3);
Pivot Star MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
Pivot Star – it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How To Install Pivot Star MT4 indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4Copy Pivot Star MT4 to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on Pivot Star MT4 for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart
How to remove Pivot Star MT4 Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete
Related Indicator: Auto Fibonacci Retracement MetaTrader 4 Forex Indicator
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