###Auto Pivot

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###Auto Pivot

This script is designed to automatically identify and display key price levels—known as "Pivots"—on a trading chart. It acts as a visual guide, helping traders see significant areas of potential support and resistance across different timeframes simultaneously.

Core Functionality

The primary role of this tool is to calculate and draw horizontal lines based on the historical high, low, and closing prices of previous trading periods. By doing this automatically, it removes the need for manual calculation, allowing you to see where price might react or "bounce" in the future.

Key Features and Timeframes

The script processes data across three main layers:

  • Daily Levels: It calculates pivots based on the previous day's performance. This includes the central "Pivot" point along with three Support (S1, S2, S3) and three Resistance (R1, R2, R3) levels.
  • Weekly Levels: It looks at the broader weekly trend to establish weekly pivot points and their corresponding support/resistance levels.
  • Monthly Levels: It provides a high-level overview by identifying monthly price milestones, which are often used by long-term traders to identify major trend shifts.

Smart Logic Adjustments

The script includes specific logic to ensure accuracy during weekend transitions:

  • Sunday Data Handling: Because the global markets can behave differently on Sundays, the script includes a toggle to decide whether to include Sunday's data in the daily calculations. If disabled, it intelligently looks back further to ensure the "Previous Day" data is accurate and consistent.

Visual Organization

To keep your charts clean and readable, the script uses a color-coded system:

  • Daily: Uses Magenta for the main pivot and distinct Red/Green colors for the support and resistance levels.
  • Weekly: Uses Aqua for the pivot, with Yellow and SteelBlue for the surrounding levels.
  • Monthly: Uses White for the pivot, with Blue and Silver for the monthly boundaries.

User Experience

  • Automatic Drawing: The script handles all the "heavy lifting" by creating lines and labels automatically as new data comes in.
  • Dynamic Updates: It updates the positions of these lines in real-time based on the most recent market movements.
  • Customizable Visibility: You can choose to turn specific timeframes (Daily, Weekly, or Monthly) on or off, as well as toggle whether you want to see the extra support/resistance levels for each category.
Price Data Components
Series array that contains open time of each bar
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###Auto Pivot 
//+------------------------------------------------------------------+
//|   AutoPivotIndicator.mq4          ver 4.02           by Habeeb   |
//|                                                                  |
//|          This version solves the Sunday Bar problem.             |
//| Ver4 calculated daily pivots incorrectly when Use_Sunday_Data    |
//|        was set to "False".  Fixed in this version.               |
//+------------------------------------------------------------------+

#property indicator_chart_window

   extern bool Use_Sunday_Data   = True;
   extern bool Daily             = True;
   extern bool Daily_SR_Levels   = True;
   extern bool Weekly            = True;
   extern bool Weekly_SR_Levels  = False;
   extern bool Monthly           = True;
   extern bool Monthly_SR_Levels = False;

   double YesterdayHigh;
   double YesterdayLow;
   double YesterdayClose;
   double Day_Price[][6];
   double Pivot,S1,S2,S3,R1,R2,R3;
      
   double WeekHigh;
   double WeekLow;
   double WeekClose;
   double Weekly_Price[][6];
   double WeekPivot,WS1,WS2,WS3,WR1,WR2,WR3;
   
   double MonthHigh;
   double MonthLow;
   double MonthClose;
   double Month_Price[][6];
   double MonthPivot,MS1,MS2,MS3,MR1,MR2,MR3;
   
int init()
  {
   return(0);
  }
  
//-------------------------------------------------------- 
  
int deinit()
  {
ObjectDelete("PivotLine");

ObjectDelete("R1_Line");
ObjectDelete("R2_Line");
ObjectDelete("R3_Line");

ObjectDelete("S1_Line");
ObjectDelete("S2_Line");
ObjectDelete("S3_Line");  

//--------------------------------

ObjectDelete("PivotLabel");

ObjectDelete("R1_Label");
ObjectDelete("R2_Label");
ObjectDelete("R3_Label");

ObjectDelete("S1_Label");
ObjectDelete("S2_Label");
ObjectDelete("S3_Label"); 

//--------------------------------------------------------

ObjectDelete("WeekPivotLine");

ObjectDelete("WR1_Line");
ObjectDelete("WR2_Line");
ObjectDelete("WR3_Line");

ObjectDelete("WS1_Line");
ObjectDelete("WS2_Line");
ObjectDelete("WS3_Line");  

//--------------------------------

ObjectDelete("WeekPivotLabel");

ObjectDelete("WR1_Label");
ObjectDelete("WR2_Label");
ObjectDelete("WR3_Label");

ObjectDelete("WS1_Label");
ObjectDelete("WS2_Label");
ObjectDelete("WS3_Label");  

//--------------------------------------------------------

ObjectDelete("MonthPivotLine");

ObjectDelete("MR1_Line");
ObjectDelete("MR2_Line");
ObjectDelete("MR3_Line");

ObjectDelete("MS1_Line");
ObjectDelete("MS2_Line");
ObjectDelete("MS3_Line");  

//--------------------------------

ObjectDelete("MonthPivotLabel");

ObjectDelete("MR1_Label");
ObjectDelete("MR2_Label");
ObjectDelete("MR3_Label");

ObjectDelete("MS1_Label");
ObjectDelete("MS2_Label");
ObjectDelete("MS3_Label");

return(0);
}
//--------------------------------------------------------- 

int start()
{

ArrayCopyRates(Day_Price,(Symbol()), 1440);

   
  
   YesterdayHigh  = Day_Price[1][3];
   YesterdayLow   = Day_Price[1][2];
   YesterdayClose = Day_Price[1][4];
   
   Pivot = ((YesterdayHigh + YesterdayLow + YesterdayClose)/3);

   R1 = (2*Pivot)-YesterdayLow;
   S1 = (2*Pivot)-YesterdayHigh;

   R2 = Pivot+(R1-S1);
   S2 = Pivot-(R1-S1);
   
   R3 = (YesterdayHigh + (2*(Pivot-YesterdayLow)));
   S3 = (YesterdayLow - (2*(YesterdayHigh-Pivot)));  
  
  
if (Use_Sunday_Data == false)
 {   
   while (DayOfWeek() == 1)
      {
       
              
       YesterdayHigh  = Day_Price[2][3];
       YesterdayLow   = Day_Price[2][2];
       YesterdayClose = Day_Price[2][4];
   
       Pivot = ((YesterdayHigh + YesterdayLow + YesterdayClose)/3);

       R1 = (2*Pivot)-YesterdayLow;
       S1 = (2*Pivot)-YesterdayHigh;

       R2 = Pivot+(R1-S1);
       S2 = Pivot-(R1-S1);
   
       R3 = (YesterdayHigh + (2*(Pivot-YesterdayLow)));
       S3 = (YesterdayLow - (2*(YesterdayHigh-Pivot)));
       break;
      }
 }
  
//--------------------------------------------------------
//--------------------------------------------------------


ArrayCopyRates(Weekly_Price, Symbol(), 10080);

WeekHigh  = Weekly_Price[1][3];
WeekLow   = Weekly_Price[1][2];
WeekClose = Weekly_Price[1][4];

WeekPivot = ((WeekHigh + WeekLow + WeekClose)/3);

      WR1 = (2*WeekPivot)-WeekLow;
      WS1 = (2*WeekPivot)-WeekHigh;

      WR2 = WeekPivot+(WR1-WS1);
      WS2 = WeekPivot-(WR1-WS1);

      WS3 = (WeekLow - (2*(WeekHigh-WeekPivot)));
      WR3 = (WeekHigh + (2*(WeekPivot-WeekLow)));

//--------------------------------------------------------
//--------------------------------------------------------


ArrayCopyRates(Month_Price, Symbol(), 43200);

MonthHigh  = Month_Price[1][3];
MonthLow   = Month_Price[1][2];
MonthClose = Month_Price[1][4];

MonthPivot = ((MonthHigh + MonthLow + MonthClose)/3);

      MR1 = (2*MonthPivot)-MonthLow;
      MS1 = (2*MonthPivot)-MonthHigh;

      MR2 = MonthPivot+(MR1-MS1);
      MS2 = MonthPivot-(MR1-MS1);

      MS3 = (MonthLow - (2*(MonthHigh-MonthPivot)));
      MR3 = (MonthHigh + (2*(MonthPivot-MonthLow)));

//--------------------------------------------------------

if (Daily==true)
 {
  TimeToStr(CurTime());
  ObjectCreate("PivotLine", OBJ_HLINE,0, CurTime(),Pivot);
  ObjectSet("PivotLine", OBJPROP_COLOR, Magenta);
  ObjectSet("PivotLine", OBJPROP_STYLE, STYLE_DASH);

 if(ObjectFind("PivotLabel") != 0)
  {
   ObjectCreate("PivotLabel", OBJ_TEXT, 0, Time[20], Pivot);
   ObjectSetText("PivotLabel", ("Daily Pivot"), 12, "Arial", Magenta);
  }
 else
  {
   ObjectMove("PivotLabel", 0, Time[20], Pivot);
  }
ObjectsRedraw();

//--------------------------------------------------------

if (Daily_SR_Levels==true)
 {
  ObjectCreate("R1_Line", OBJ_HLINE,0, CurTime(),R1);
  ObjectSet("R1_Line", OBJPROP_COLOR, Red);
  ObjectSet("R1_Line", OBJPROP_STYLE, STYLE_DASH);

 if(ObjectFind("R1_Label") != 0)
  {
   ObjectCreate("R1_Label", OBJ_TEXT, 0, Time[20], R1);
   ObjectSetText("R1_Label", "Daily R1", 12, "Arial", Red);
  }
 else
  {
   ObjectMove("R1_Label", 0, Time[20], R1);
  }

//--------------------------------------------------------

   ObjectCreate("R2_Line", OBJ_HLINE,0, CurTime(),R2);
   ObjectSet("R2_Line", OBJPROP_COLOR, Red);
   ObjectSet("R2_Line", OBJPROP_STYLE, STYLE_DASH);
 if(ObjectFind("R2_Label") != 0)
  {
   ObjectCreate("R2_Label", OBJ_TEXT, 0, Time[20], R2);
   ObjectSetText("R2_Label", "Daily R2", 12, "Arial", Red);
  }
 else
  {
   ObjectMove("R2_Label", 0, Time[20], R2);
  }

//---------------------------------------------------------

   ObjectCreate("R3_Line", OBJ_HLINE,0, CurTime(),R3);
   ObjectSet("R3_Line", OBJPROP_COLOR, Red);
   ObjectSet("R3_Line", OBJPROP_STYLE, STYLE_DASH);
 if(ObjectFind("R3_Label") != 0)
  {
   ObjectCreate("R3_Label", OBJ_TEXT, 0, Time[20], R3);
   ObjectSetText("R3_Label", "Daily R3", 12, "Arial", Red);
  }
 else
  {
   ObjectMove("R3_Label", 0, Time[20], R3);
  }

//---------------------------------------------------------

   ObjectCreate("S1_Line", OBJ_HLINE,0, CurTime(),S1);
   ObjectSet("S1_Line", OBJPROP_COLOR, LimeGreen);
   ObjectSet("S1_Line", OBJPROP_STYLE, STYLE_DASH);
 if(ObjectFind("S1_Label") != 0)
  {
   ObjectCreate("S1_Label", OBJ_TEXT, 0, Time[20], S1);
   ObjectSetText("S1_Label", "Daily S1", 12, "Arial", LimeGreen);
  }
 else
  {
   ObjectMove("S1_Label", 0, Time[20], S1);
  }

//---------------------------------------------------------

   ObjectCreate("S2_Line", OBJ_HLINE,0, CurTime(),S2);
   ObjectSet("S2_Line", OBJPROP_COLOR, LimeGreen);
   ObjectSet("S2_Line", OBJPROP_STYLE, STYLE_DASH);
 if(ObjectFind("S2_Label") != 0)
  {
   ObjectCreate("S2_Label", OBJ_TEXT, 0, Time[20], S2);
   ObjectSetText("S2_Label", "Daily S2", 12, "Arial", LimeGreen);
  }
 else
  {
   ObjectMove("S2_Label", 0, Time[20], S2);
  }

//---------------------------------------------------------

   ObjectCreate("S3_Line", OBJ_HLINE,0, CurTime(),S3);
   ObjectSet("S3_Line", OBJPROP_COLOR, LimeGreen);
   ObjectSet("S3_Line", OBJPROP_STYLE, STYLE_DASH);
 if(ObjectFind("S3_Label") != 0)
  {
   ObjectCreate("S3_Label", OBJ_TEXT, 0, Time[20], S3);
   ObjectSetText("S3_Label", "Daily S3", 12, "Arial", LimeGreen);
  }
 else
  {
   ObjectMove("S3_Label", 0, Time[20], S3);
  }
 }
ObjectsRedraw();
}

//---------------------------------------------------------
//---------------------------------------------------------
//---------------------------------------------------------

if (Weekly==true)
 {
  ObjectCreate("WeekPivotLine", OBJ_HLINE,0, CurTime(),WeekPivot);
  ObjectSet("WeekPivotLine", OBJPROP_COLOR, Aqua);
  ObjectSet("WeekPivotLine", OBJPROP_STYLE, STYLE_DASH);
 if(ObjectFind("WeekPivotLabel") != 0)
  {
   ObjectCreate("WeekPivotLabel", OBJ_TEXT, 0, Time[30], WeekPivot);
   ObjectSetText("WeekPivotLabel", "WeeklyPivot", 12, "Arial", Aqua);
  }
 else
  {
   ObjectMove("WeekPivotLabel", 0, Time[30], WeekPivot);
  }

//--------------------------------------------------------

if (Weekly_SR_Levels==true)
 {
  ObjectCreate("WR1_Line", OBJ_HLINE,0, CurTime(),WR1);
  ObjectSet("WR1_Line", OBJPROP_COLOR, Yellow);
  ObjectSet("WR1_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("WR1_Label") != 0)
  {
   ObjectCreate("WR1_Label", OBJ_TEXT, 0, Time[30], WR1);
   ObjectSetText("WR1_Label", " Weekly R1", 12, "Arial", Yellow);
  }
 else
  {
   ObjectMove("WR1_Label", 0, Time[30], WR1);
  }

//--------------------------------------------------------

   ObjectCreate("WR2_Line", OBJ_HLINE,0, CurTime(),WR2);
   ObjectSet("WR2_Line", OBJPROP_COLOR, Yellow);
   ObjectSet("WR2_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("WR2_Label") != 0)
  {
   ObjectCreate("WR2_Label", OBJ_TEXT, 0, Time[30], WR2);
   ObjectSetText("WR2_Label", " Weekly R2", 12, "Arial", Yellow);
  }
 else
  {
   ObjectMove("WR2_Label", 0, Time[30], WR2);
  }

//---------------------------------------------------------

   ObjectCreate("WR3_Line", OBJ_HLINE,0, CurTime(),WR3);
   ObjectSet("WR3_Line", OBJPROP_COLOR, Yellow);
   ObjectSet("WR3_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("WR3_Label") != 0)
  {
   ObjectCreate("WR3_Label", OBJ_TEXT, 0, Time[30], WR3);
   ObjectSetText("WR3_Label", " Weekly R3", 12, "Arial", Yellow);
  }
 else
  {
   ObjectMove("WR3_Label", 0, Time[30], WR3);
  }

//---------------------------------------------------------

   ObjectCreate("WS1_Line", OBJ_HLINE,0, CurTime(),WS1);
   ObjectSet("WS1_Line", OBJPROP_COLOR, SteelBlue);
   ObjectSet("WS1_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("WS1_Label") != 0)
  {
   ObjectCreate("WS1_Label", OBJ_TEXT, 0, Time[30], WS1);
   ObjectSetText("WS1_Label", "Weekly S1", 12, "Arial", SteelBlue);
  }
 else
  {
   ObjectMove("WS1_Label", 0, Time[30], WS1);
  }

//---------------------------------------------------------

   ObjectCreate("WS2_Line", OBJ_HLINE,0, CurTime(),WS2);
   ObjectSet("WS2_Line", OBJPROP_COLOR, SteelBlue);
   ObjectSet("WS2_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("WS2_Label") != 0)
  {
   ObjectCreate("WS2_Label", OBJ_TEXT, 0, Time[30], WS2);
   ObjectSetText("WS2_Label", "Weekly S2", 12, "Arial", SteelBlue);
  }
 else
  {
   ObjectMove("WS2_Label", 0, Time[30], WS2);
  }

//---------------------------------------------------------

   ObjectCreate("WS3_Line", OBJ_HLINE,0, CurTime(),WS3);
   ObjectSet("WS3_Line", OBJPROP_COLOR, SteelBlue);
   ObjectSet("WS3_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("WS3_Label") != 0)
  {
   ObjectCreate("WS3_Label", OBJ_TEXT, 0, Time[30], WS3);
   ObjectSetText("WS3_Label", "Weekly S3", 12, "Arial", SteelBlue);
  }
 else
  {
   ObjectMove("WS3_Label", 0, Time[30], WS3);
  }
 }
}

//---------------------------------------------------------
//---------------------------------------------------------
//---------------------------------------------------------

if (Monthly==true)
 {
  ObjectCreate("MonthPivotLine", OBJ_HLINE,0, CurTime(),MonthPivot);
  ObjectSet("MonthPivotLine", OBJPROP_COLOR, White);
  ObjectSet("MonthPivotLine", OBJPROP_STYLE, STYLE_DASH);
 if(ObjectFind("MonthPivotLabel") != 0)
  {
   ObjectCreate("MonthPivotLabel", OBJ_TEXT, 0, Time[40], MonthPivot);
   ObjectSetText("MonthPivotLabel", "MonthlyPivot", 12, "Arial", White);
  }
 else
  {
   ObjectMove("MonthPivotLabel", 0, Time[40], MonthPivot);
  }

//--------------------------------------------------------

if (Monthly_SR_Levels==true)
 {
  ObjectCreate("MR1_Line", OBJ_HLINE,0, CurTime(),MR1);
  ObjectSet("MR1_Line", OBJPROP_COLOR, Blue);
  ObjectSet("MR1_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("MR1_Label") != 0)
  {
   ObjectCreate("MR1_Label", OBJ_TEXT, 0, Time[40], MR1);
   ObjectSetText("MR1_Label", " Monthly R1", 12, "Arial", Blue);
  }
 else
  {
   ObjectMove("MR1_Label", 0, Time[40], MR1);
  }

//--------------------------------------------------------

   ObjectCreate("MR2_Line", OBJ_HLINE,0, CurTime(),MR2);
   ObjectSet("MR2_Line", OBJPROP_COLOR, Blue);
   ObjectSet("MR2_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("MR2_Label") != 0)
  {
   ObjectCreate("MR2_Label", OBJ_TEXT, 0, Time[40], MR2);
   ObjectSetText("MR2_Label", " Monthly R2", 12, "Arial", Blue);
  }
 else
  {
   ObjectMove("MR2_Label", 0, Time[40], MR2);
  }

//---------------------------------------------------------

   ObjectCreate("MR3_Line", OBJ_HLINE,0, CurTime(),MR3);
   ObjectSet("MR3_Line", OBJPROP_COLOR, Blue);
   ObjectSet("MR3_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("MR3_Label") != 0)
  {
   ObjectCreate("MR3_Label", OBJ_TEXT, 0, Time[40], MR3);
   ObjectSetText("MR3_Label", " Monthly R3", 12, "Arial", Blue);
  }
 else
  {
   ObjectMove("MR3_Label", 0, Time[40], MR3);
  }

//---------------------------------------------------------

   ObjectCreate("MS1_Line", OBJ_HLINE,0, CurTime(),MS1);
   ObjectSet("MS1_Line", OBJPROP_COLOR, Silver);
   ObjectSet("MS1_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("MS1_Label") != 0)
  {
   ObjectCreate("MS1_Label", OBJ_TEXT, 0, Time[40], MS1);
   ObjectSetText("MS1_Label", "Monthly S1", 12, "Arial", Silver);
  }
 else
  {
   ObjectMove("MS1_Label", 0, Time[40], MS1);
  }

//---------------------------------------------------------

   ObjectCreate("MS2_Line", OBJ_HLINE,0, CurTime(),MS2);
   ObjectSet("MS2_Line", OBJPROP_COLOR, Silver);
   ObjectSet("MS2_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("MS2_Label") != 0)
  {
   ObjectCreate("MS2_Label", OBJ_TEXT, 0, Time[40], MS2);
   ObjectSetText("MS2_Label", "Monthly S2", 12, "Arial", Silver);
  }
 else
  {
   ObjectMove("MS2_Label", 0, Time[40], MS2);
  }

//---------------------------------------------------------

   ObjectCreate("MS3_Line", OBJ_HLINE,0, CurTime(),MS3);
   ObjectSet("MS3_Line", OBJPROP_COLOR, Silver);
   ObjectSet("MS3_Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
 if(ObjectFind("MS3_Label") != 0)
  {
   ObjectCreate("MS3_Label", OBJ_TEXT, 0, Time[40], MS3);
   ObjectSetText("MS3_Label", "Monthly S3", 12, "Arial", Silver);
  }
 else
  {
   ObjectMove("MS3_Label", 0, Time[40], MS3);
  }
 }
}
//---------------------------------------------------------

ObjectsRedraw();

   return(0);
}

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