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Historic DWMP indicator for 10.x
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Author:  candletiger [ Sun Mar 10, 2013 10:27 pm ]
Post subject:  Historic DWMP indicator for 10.x
Credits go to: Profitrader, nanningbox, fmuir

Historic Pivots
It paints pivot lines and 3 S/R levels for all days, weeks or months in history. With a second instance of the indicator, mid lines can be added. For the current day/week/month, an extension line is drawn, this help to see the levels when a day/week/month has just started
hdwmp103.gif
Current version: v1.03

User settings:
  • pivot_timeframe- daily=1, weeky=2, monthly=3
  • addMidLevels - set to true for a second instance of the indicator to show mid pivot levels
  • BarsToProcess - for how many bars calculation is done
  • showPivotLabel- show text next to the current pivot levels (formerly:showLineText)
  • various text and color parameters
Comments:
  • You will find this indicator with different names and changed pre-settings mainly in the 10.x packages, e.g. 10.2 WEEKLY PIVOTS and 10.2 WEEKLY MID PIVOTS
Change log:
v1.01: Initial version as part of 10.2 with a couple of mods that I have not tracked
v1.02:
  • FIX: extensions lines for mid pivot levels were not shown
  • ADD: support for brokers with tiny Sunday day candles
  • ADD: Option to switch line text on/off
v1.03:
  • FIX: digits and pips for XAU and XAG were wrong
  • ADD: Price added to label
Attachments:
All attached indicators have the version number in the filename.
HistoricPivots.mq4 is allways the latest.
Author:  candletiger [ Sun Mar 10, 2013 10:28 pm ]
Post subject:  Historic DWMP indicator for 10.x
previous discussions (before 2013-03-10) in other threads
Author:  candletiger [ Sun Mar 10, 2013 10:28 pm ]
Post subject:  Re: Historic DWMP indicator for 10.x
open change requests:
  • add price vaue to the label (rosst,eevra) done
Author:  candletiger [ Mon Mar 11, 2013 12:06 am ]
Post subject:  Re: Historic DWMP indicator for 10.x
rosst wrote:
candletiger wrote:updated weekly pivot indicators (experimental)
Nice work Candletiger - cool avitar too. I kind of like the line labels, but I would like to see the price of the line more than the distance from the MA - but maybe there is a better reason for the distance - but will wait for Bob to weigh in on this new mod...
Thanks for all your coding efforts here on the forum....
kind of agree, maybe both it helpful. I personally stopped using it. I put it on the request list.
Author:  candletiger [ Mon Mar 11, 2013 12:13 am ]
Post subject:  Re: Historic DWMP indicator for 10.x
allisonmagic wrote:
candletiger wrote:updated weekly pivot indicators (experimental)
wow trippy
looks cool candletiger ! you say we can turn labels on and off ?
really trippy :twisted: Please remove the indicator and put in back, adjust settings (and save your template).
Yes, label text can be turned on/off.
Author:  candletiger [ Mon Mar 11, 2013 12:15 am ]
Post subject:  Re: Historic DWMP indicator for 10.x
eevra wrote: Is it possible to add option for showing up pivot /mid-pivot "values" and / or "distances"
request added.
Author:  candletiger [ Mon Mar 11, 2013 11:24 pm ]
Post subject:  Re: Historic DWMP indicator for 10.x
1.03 released: see post 1
Author:  nht [ Tue Mar 12, 2013 8:35 pm ]
Post subject:  Re: Historic DWMP indicator for 10.x
Hi candletiger,

Even if this is not needed for most of us, you can add option to choose what kind of calculation method one can use. As for now this version is more the enough but as far as i know there are three other methods to calculate this levels. Please treat this not as request, but perhaps someone is used to trade using other tools as majority of us…

Below are formulas to calculate them :
Fibonacci
• Pivot = ( High + Close + Low ) / 3
• R1 = Pivot + 0.382 * (High - Low)
• S1 = Pivot - 0.382 * (High - Low)
• R2 = Pivot + 0.618 * (High - Low)
• S2 = Pivot - 0.618 * (High - Low)
• R3 = Pivot + (High - Low)
• S3 = Pivot - (High - Low)
• M5 = (R2+R3)/2;
• M4 = (R1+R2)/2;
• M3 = (P+R1)/2;
• M2 = (P+S1)/2;
• M1 = (S1+S2)/2;
• M0 = (S2+S3)/2;

Woodie
• Pivot = ( High + 2 * Close + Low ) / 4
• R1 = ( 2 * Pivot ) - Low
• S1 = ( 2 * Pivot ) - High
• R2 = Pivot + (High - Low)
• S2 = Pivot - (High - Low)
• M4 = (R1+R2)/2;
• M3 = (P+R1)/2;
• M2 = (P+S1)/2;
• M1 = (S1+S2)/2;

Demark
If Close < Open Then x = High + 2 * Low + Low;
If Close > Open Then x = 2 * High + Low + Low;
If Close = Open Then x = High + Low + 2 * Low;
• Pivot = x
• R1 = x / 2 - Low
• S1 = x / 2 - High
(i think in this calculation there are no Mid levels)


Best regards
nht
Author:  rosst [ Tue Mar 12, 2013 10:23 pm ]
Post subject:  Re: Historic DWMP indicator for 10.x
candletiger wrote:1.03 released: see post 1
Thank you Candletiger - very nice work. I like to see the prices at the levels since I set my orders manually. Your levels are slightly different than the 10.2 Weekly pivots used in Bob's original template - but that is probably no big deal.
Author:  candletiger [ Wed Mar 13, 2013 6:24 am ]
Post subject:  Re: Historic DWMP indicator for 10.x
nht wrote:Hi candletiger,

Even if this is not needed for most of us, you can add option to choose what kind of calculation method one can use. As for now this version is more the enough but as far as i know there are three other methods to calculate this levels. Please treat this not as request, but perhaps someone is used to trade using other tools as majority of us…
Hi nh,
thanks for the idea. There are hundreds of pivot indis out there who have it. Mine is mainly visual for backtesting of 10.x systems based on standard pivots.
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