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DaylyWoodPivot
//+------------------------------------------------------------------+
//| Daily Wood Pivot |
//| Copyright © 2006, Sheker |
//| Coded/Verified by Sheker |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006,Sheker."
#property link "Sheker"
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 Orange
#property indicator_color2 DarkBlue
#property indicator_color3 Maroon
#property indicator_color4 DarkBlue
#property indicator_color5 Maroon
#property indicator_color6 Green
#property indicator_color7 Green
//---- buffers
double PBuffer[];
double S1Buffer[];
double R1Buffer[];
double S2Buffer[];
double R2Buffer[];
double S3Buffer[];
double R3Buffer[];
double P,S1,R1,S2,R2,S3,R3,LastHigh,LastLow;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
SetIndexBuffer(0,PBuffer);
SetIndexBuffer(1,S1Buffer);
SetIndexBuffer(2,R1Buffer);
SetIndexBuffer(3,S2Buffer);
SetIndexBuffer(4,R2Buffer);
SetIndexBuffer(5,S3Buffer);
SetIndexBuffer(6,R3Buffer);
SetIndexStyle(0,DRAW_LINE,1,1);
SetIndexStyle(1,DRAW_LINE,0,1);
SetIndexStyle(2,DRAW_LINE,0,1);
SetIndexStyle(3,DRAW_LINE,0,1);
SetIndexStyle(4,DRAW_LINE,0,1);
SetIndexStyle(5,DRAW_LINE,0,1);
SetIndexStyle(6,DRAW_LINE,0,1);
SetIndexLabel(0,"Pivot Point");
SetIndexLabel(1,"Support 1");
SetIndexLabel(2,"Resistant 1");
SetIndexLabel(3,"Support 2");
SetIndexLabel(4,"Resistant 2");
SetIndexLabel(5,"Support 3");
SetIndexLabel(6,"Resistant 3");
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
ObjectDelete("Pivot");
ObjectDelete("Sup1");
ObjectDelete("Res1");
ObjectDelete("Sup2");
ObjectDelete("Res2");
ObjectDelete("Sup3");
ObjectDelete("Res3");
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int i,counted_bars=IndicatorCounted();
//---- check for possible errors
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
int limit=Bars-counted_bars;
if(Period()>PERIOD_H1) return(-1);
if(counted_bars==0)
{
ObjectCreate("Pivot",OBJ_TEXT,0,0,0);
ObjectSetText("Pivot"," Wood Pivot",9,"Arial",Orange);
ObjectCreate("Sup1",OBJ_TEXT,0,0,0);
ObjectSetText("Sup1"," S 1",9,"Arial",Red);
ObjectCreate("Res1",OBJ_TEXT,0,0,0);
ObjectSetText("Res1"," R 1",9,"Arial",Red);
ObjectCreate("Sup2",OBJ_TEXT,0,0,0);
ObjectSetText("Sup2"," S 2",9,"Arial",Red);
ObjectCreate("Res2",OBJ_TEXT,0,0,0);
ObjectSetText("Res2"," R 2",9,"Arial",Red);
ObjectCreate("Sup3",OBJ_TEXT,0,0,0);
ObjectSetText("Sup3"," S 3",9,"Arial",Red);
ObjectCreate("Res3",OBJ_TEXT,0,0,0);
ObjectSetText("Res3"," R 3",9,"Arial",Red);
}
for(i=limit-1; i>=0; i--)
{
if(TimeDay(Time[i])!=TimeDay(Time[i+1]))
{
P=(LastHigh+LastLow+2*Open[i+1])/4;
R1=(2*P)-LastLow;
S1=(2*P)-LastHigh;
R2=P + R1 - S1;
S2=P + S1 - R1;
R3=R2 + (R1 - P);
S3= S2 - (P - S1);
ObjectMove("Pivot",0,Time[i],P);
ObjectMove("Sup1",0,Time[i],S1);
ObjectMove("Res1",0,Time[i],R1);
ObjectMove("Sup2",0,Time[i],S2);
ObjectMove("Res2",0,Time[i],R2);
ObjectMove("Sup3",0,Time[i],S3);
ObjectMove("Res3",0,Time[i],R3);
LastLow=Low[i];
LastHigh=High[i];
}
LastLow=MathMin(LastLow,Low[i]);
LastHigh=MathMax(LastHigh,High[i]);
PBuffer[i]=P;
S1Buffer[i]=S1;
R1Buffer[i]=R1;
S2Buffer[i]=S2;
R2Buffer[i]=R2;
S3Buffer[i]=S3;
R3Buffer[i]=R3;
}
//----
return(0);
}
//+------------------------------------------------------------------+
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