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Mr.Money

Auto-Pivot Points with Price

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Hello Guys

 

I found this indicator and seems very promising. It automatically calculates pivots for Daily/weekly and monthly. It also shows the price at the axis.

 

If anybody could code the mid-ranges for the daily pivots will be nice.

 

Here's the code for the pivot point

 

 

[LegacyColorValue = TRUE];

 

{ Support and Resistance Pivot Indicator

Written by: HamFon

Contact: ncrowle@sprintmail.com

Date: 06/11/2004, original 12/02/2002

Revision: 1.04

Status: Gnu Public License - this indicator may be used or shared freely with

no fee, as long as this original header comment is included.

Purpose: Displays Support and Resistance values based on "Pivot" (Typical Price).

}

 

{ Unfortunately, TradeStation only will plot four simultaneous lines per Indicator instance.

Yes - I know all about creating TrendLines - but they have their own limitations, and use

more resources that must be carefully tracked.

 

Therefore - since we want to plot five lines, you need to load two different indicators:

Ham Pivot Lines, and Ham Pivot Lines2.

 

The code below is for both - one section or the other is commented out.

}

 

inputs: Day0Week1Month2 (0);

 

vars: Support1(0), Support2(0), RSPivot(0), Resistance1(0), Resistance2(0);

vars: SaveHigh(0), SaveLow(0), SaveClose(0), SaveSession(0);

 

SaveSession = CurrentSession(0);

if SaveSession <> SaveSession[1] and (

Day0Week1Month2 = 0 or

(Day0Week1Month2 = 1 and DayOfWeek (Date) < DayOfWeek (Date[1])) or

(Day0Week1Month2 = 2 and DayOfMonth (Date) < DayOfMonth (Date[1]))

) then begin

RSPivot = (SaveHigh + SaveLow + SaveClose) / 3;

Resistance1 = 2 * RSPivot - SaveLow;

Support1 = 2 * RSPivot - SaveHigh;

Resistance2 = RSPivot + SaveHigh - SaveLow; { equivalent to Pivot+(Resistance1-Support1) }

Support2 = RSPivot - SaveHigh + SaveLow; { equivalent to Pivot-(Resistance1-Support1) }

SaveHigh = 0;

SaveLow = 0;

SaveClose = 0;

end;

 

if SaveHigh = 0 or high > SaveHigh then

SaveHigh = high;

if SaveLow = 0 or low < SaveLow then

SaveLow = low;

SaveClose = close;

 

if Support1 > 0 then begin

 

{ This code is for Ham Pivot Lines2 - comment out for Ham Pivot Lines }

plot1 (RSPivot, "Pivot");

{}

 

{ This code is for Ham Pivot Lines - comment out for Ham Pivot Lines2

plot1 (Resistance2, "R2");

plot2 (Resistance1, "R1");

plot3 (Support1, "S1");

plot4 (Support2, "S2");

}

end;

 

 

here's the code for S/R lines

[LegacyColorValue = TRUE];

 

{ Support and Resistance Pivot Indicator

Written by: HamFon

Contact: ncrowle@sprintmail.com

Date: 06/11/2004, original 12/02/2002

Revision: 1.04

Status: Gnu Public License - this indicator may be used or shared freely with

no fee, as long as this original header comment is included.

Purpose: Displays Support and Resistance values based on "Pivot" (Typical Price).

}

 

{ Unfortunately, TradeStation only will plot four simultaneous lines per Indicator instance.

Yes - I know all about creating TrendLines - but they have their own limitations, and use

more resources that must be carefully tracked.

 

Therefore - since we want to plot five lines, you need to load two different indicators:

Ham Pivot Lines, and Ham Pivot Lines2.

 

The code below is for both - one section or the other is commented out.

}

 

inputs: Day0Week1Month2 (0);

 

vars: Support1(0), Support2(0), RSPivot(0), Resistance1(0), Resistance2(0);

vars: SaveHigh(0), SaveLow(0), SaveClose(0), SaveSession(0);

 

SaveSession = CurrentSession(0);

if SaveSession <> SaveSession[1] and (

Day0Week1Month2 = 0 or

(Day0Week1Month2 = 1 and DayOfWeek (Date) < DayOfWeek (Date[1])) or

(Day0Week1Month2 = 2 and DayOfMonth (Date) < DayOfMonth (Date[1]))

) then begin

RSPivot = (SaveHigh + SaveLow + SaveClose) / 3;

Resistance1 = 2 * RSPivot - SaveLow;

Support1 = 2 * RSPivot - SaveHigh;

Resistance2 = RSPivot + SaveHigh - SaveLow; { equivalent to Pivot+(Resistance1-Support1) }

Support2 = RSPivot - SaveHigh + SaveLow; { equivalent to Pivot-(Resistance1-Support1) }

SaveHigh = 0;

SaveLow = 0;

SaveClose = 0;

end;

 

if SaveHigh = 0 or high > SaveHigh then

SaveHigh = high;

if SaveLow = 0 or low < SaveLow then

SaveLow = low;

SaveClose = close;

 

if Support1 > 0 then begin

 

{ This code is for Ham Pivot Lines2 - comment out for Ham Pivot Lines

plot1 (RSPivot, "Pivot");

}

 

{ This code is for Ham Pivot Lines - comment out for Ham Pivot Lines2 }

plot1 (Resistance2, "R2");

plot2 (Resistance1, "R1");

plot3 (Support1, "S1");

plot4 (Support2, "S2");

 

end;

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