weekly/monthly pivot points on daily charts

cloudTrader

Well-Known Member
#2
This is a Multi Time Frame Pivot Points AFL. You can choose any time frame from the Parameters Window.

Code:
_SECTION_BEGIN("Multiple Pivots");

//basic price plotting
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );

T_F =ParamList("Pivot T_F","iDay|Hourly|2_Hrs|3_Hrs|4_Hrs|EOD|Weekly|Monthly");

if (T_F=="iDay")
{
H_1 = TimeFrameGetPrice( "H", inDaily, -1 );
L_1 = TimeFrameGetPrice( "L", inDaily, -1 );
C_1 = TimeFrameGetPrice( "C", inDaily, -1 );
O = TimeFrameGetPrice("O", inDaily); // current day's open
}
else if (T_F == "Hourly")
{
H_1 = TimeFrameGetPrice( "H", inHourly, -1 );
L_1 = TimeFrameGetPrice( "L", inHourly, -1 );
C_1 = TimeFrameGetPrice( "C", inHourly, -1 );
O = TimeFrameGetPrice( "O", inHourly );
}
else if (T_F == "2_Hrs")
{
H_1 = TimeFrameGetPrice( "H", inHourly*2, -1 );
L_1 = TimeFrameGetPrice( "L", inHourly*2, -1 );
C_1 = TimeFrameGetPrice( "C", inHourly*2, -1 );
O = TimeFrameGetPrice( "O", inHourly*2);
}
else if (T_F == "3_Hrs")
{
H_1 = TimeFrameGetPrice( "H", inHourly*3, -1 );
L_1 = TimeFrameGetPrice( "L", inHourly*3, -1 );
C_1 = TimeFrameGetPrice( "C", inHourly*3, -1 );
O = TimeFrameGetPrice( "O", inHourly*3);
}
else if (T_F == "4_Hrs")
{
H_1 = TimeFrameGetPrice( "H", inHourly*4, -1 );
L_1 = TimeFrameGetPrice( "L", inHourly*4, -1 );
C_1 = TimeFrameGetPrice( "C", inHourly*4, -1 );
O = TimeFrameGetPrice( "O", inHourly*4 );

}
else if (T_F == "EOD")
{
H_1 = TimeFrameGetPrice( "H", inDaily, 0 );
L_1 = TimeFrameGetPrice( "L", inDaily, 0 );
C_1 = TimeFrameGetPrice( "C", inDaily, 0 );
O = TimeFrameGetPrice( "O", inDaily );

}
else if (T_F == "Weekly")
{
H_1 = TimeFrameGetPrice( "H", inWeekly, -1 );
L_1 = TimeFrameGetPrice( "L", inWeekly, -1 );
C_1 = TimeFrameGetPrice( "C", inWeekly, -1 );
O = TimeFrameGetPrice( "O", inWeekly );
}
else if (T_F == "Monthly")
{
H_1 = TimeFrameGetPrice( "H", inMonthly, -1 );
L_1 = TimeFrameGetPrice( "L", inMonthly, -1 );
C_1 = TimeFrameGetPrice( "C", inMonthly, -1 );
O = TimeFrameGetPrice( "O", inMonthly );
}

// To calculate the Pivot Levels

R = H_1 - L_1; // Range
_N(Pivot =ParamList("Pivot Type ", "Classical|Woodies|Fibonacci|WF"));

if (Pivot =="Classical" )
{
PP = (H_1 + L_1 + C_1) / 3;
r1 = (2 * PP) - L_1 ;
s1 = (2 * PP) - H_1 ;
r2 = PP - s1 + r1;
s2 = PP - (r1 - s1) ;
r3 = 2 * (PP - L_1) + H_1 ;
s3 = L_1 - (2 * (H_1 - PP));
r4 = Null;
s4 = Null;
}
else if(Pivot =="Woodies" )
{
PP = (H_1 + L_1 + C_1 + O) / 4;
r1 = (2 * PP) - L_1;
r2 = PP + R;
r3 = H_1 + 2 * (PP - L_1);
r4 = r3 + R;
s1 = (2 * PP) - H_1;
s2 = PP - R;
s3 = L_1 - 2 * (H_1 - PP);
s4 = S3 - R;
}

else if(Pivot =="Fibonacci" )
{
PP = (H_1 + L_1 + C_1) / 3;
r3 = PP + 1.000 * R;
r2 = PP + 0.618 * R;
r1 = PP + 0.382 * R;
s1 = PP - 0.382 * R;
s2 = PP - 0.618 * R;
s3 = PP - 1.000 * R;
r4 = Null;
s4 = Null;
}
else if (Pivot == "WF")
{
PP = (H_1 + L_1 + O + O) / 4;
s1 = PP - (R * 0.38);
s2 = PP - (R * 0.62);
s3 = PP - (R * 1.272);
r1 = PP + (R * 0.38);
r2 = PP + (R * 0.62);
r3 = PP + (R * 1.272);
r4 = Null;
s4 = Null;
}

//Defining TF on charts
procedure AddT_fParam(defaultvalue)
{
global T_F;
T_F = ParamList("Time Frame", List = "iDay|Hourly|2_Hrs|3_Hrs|4_Hrs|EOD|Weekly|Mont hly" , defaultvalue);

if(T_F == "iDay") T_F = inDaily;
else if(T_F == "Hourly") T_F = inHourly;
else if(T_F == "2_Hrs") T_F = inHourly*2;
else if(T_F == "3_Hrs") T_F = inHourly*3;
else if(T_F == "4_Hrs") T_F = inHourly*4;
else if(T_F == "EOD") T_F = inDaily;
else if(T_F == "Weekly") T_F = inWeekly;
else if(T_F == "Montly") T_F = inMonthly;
}

// Plot Pivot Levels in the charts

Plot (PP,"PP",colorViolet,styleDots,styleThick,1);
Plot (r1,"R1",colorDarkRed,styleLine,styleThick,1);
Plot (r2,"R2",colorDarkRed,styleLine,styleThick,1);
Plot (r3,"R3",colorDarkRed,styleLine,styleThick,1);
Plot (s1,"S1",colorDarkGreen,styleLine,styleThick,1);
Plot (s2,"S2",colorDarkGreen,styleLine,styleThick,1);
Plot (s3,"S3",colorDarkGreen,styleLine,styleThick,1);
Plot (r4,"R4",colorDarkRed,styleLine,styleThick,1);
Plot (s4,"S4",colorDarkGreen,styleLine,styleThick,1);


// Add Pivot levels on charts as text
Title = Title + EncodeColor(colorDarkTeal)+
"\n,Pivot T_F = "+T_F + " \n " +
EncodeColor(colorRed)+"R4 = "+ r4 +"\n"+
EncodeColor(colorRed)+"R3 = "+ r3 +"\n"+
EncodeColor(colorRed)+"R2 = "+ r2 + "\n"+
EncodeColor(colorRed)+"R1 = "+ r1 + "\n"+ "\n"+
EncodeColor(colorViolet)+"PP = "+ PP + "\n"+ "\n" +
EncodeColor(colorGreen)+"S1 = "+ s1 + "\n"+
EncodeColor(colorGreen)+"S2 = "+ s2 + "\n"+
EncodeColor(colorGreen)+"S3 = "+ s3 + "\n"+
EncodeColor(colorGreen)+"S4 = "+ s4 + " \n" ;

_SECTION_END ();
 

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