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Pivots_Monthly
//+------------------------------------------------------------------+
//| WeeklyPivot.mq4 |
//| I found the original indicator in TSD forum posted by heliyaun. |
//| I don´t know how wrote it. |
//| I like it because have mondays fixed for broker with GMT outside |
//| london time. |
//| So, I added some stuff, labels, fix, etc. and them, I wrote the|
//| Medians SR, and then, I wrote the same for Monthlies |
//| |
//| Enjoy. |
//| |
//| Linuxser, January 2007 |
//| |
//+------------------------------------------------------------------+
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 Brown
#property indicator_color2 Salmon
#property indicator_color3 MediumOrchid
#property indicator_color4 HotPink
#property indicator_color5 MediumPurple
#property indicator_color6 Violet
#property indicator_color7 Orchid
//---- input parameters
extern color SupportLabelColor=Violet;
extern color ResistanceLabelColor=Salmon;
extern color PivotLabelColor=Brown;
extern int fontsize=10;
extern int LabelShift = 0;
//---- buffers
double MPBuffer[];
double MS1Buffer[];
double MR1Buffer[];
double MS2Buffer[];
double MR2Buffer[];
double MS3Buffer[];
double MR3Buffer[];
string Pivot="MonthlyPivotPoint",Sup1="M_S 1", Res1="M_R 1";
string Sup2="M_S 2", Res2="M_R 2", Sup3="M_S 3", Res3="M_R 3";
double MP,MS1,MR1,MS2,MR2,MS3,MR3;
double last_month_high, last_month_low, this_month_open, last_month_close;
datetime LabelShiftTime;
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here
ObjectDelete("monthlyPivot");
ObjectDelete("MSup1");
ObjectDelete("MRes1");
ObjectDelete("MSup2");
ObjectDelete("MRes2");
ObjectDelete("MSup3");
ObjectDelete("MRes3");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexStyle(0,DRAW_LINE,EMPTY);
SetIndexStyle(1,DRAW_LINE,EMPTY);
SetIndexStyle(2,DRAW_LINE,EMPTY);
SetIndexStyle(3,DRAW_LINE,EMPTY);
SetIndexStyle(4,DRAW_LINE,EMPTY);
SetIndexStyle(5,DRAW_LINE,EMPTY);
SetIndexStyle(6,DRAW_LINE,EMPTY);
SetIndexBuffer(0,MPBuffer);
SetIndexBuffer(1,MS1Buffer);
SetIndexBuffer(2,MR1Buffer);
SetIndexBuffer(3,MS2Buffer);
SetIndexBuffer(4,MR2Buffer);
SetIndexBuffer(5,MS3Buffer);
SetIndexBuffer(6,MR3Buffer);
//---- name for DataWindow and indicator subwindow label
short_name="Pivot Point Monthly";
IndicatorShortName(short_name);
SetIndexLabel(0,short_name);
//----
SetIndexDrawBegin(0,1);
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
int limit, i;
//---- indicator calculation
if (counted_bars==0)
{
if(Period() > 1440)
{
Print("Error - Chart period is greater than 1 day.");
return(-1); // then exit
}
}
if(counted_bars<0) return(-1);
limit=(Bars-counted_bars)-1;
for (i=limit; i>=0;i--)
{
// Monday
if(TimeDay(Time[i])<=3 && TimeDay(Time[i+1])>=26)
{
last_month_close = Close[i+1];
this_month_open = Open[i];
// monthlyPivot
MP = (last_month_high + last_month_low + last_month_close) / 3;
MR1 = (2*MP)-last_month_low;
MS1 = (2*MP)-last_month_high;
MR2 = MP+(last_month_high - last_month_low);
MS2 = MP-(last_month_high - last_month_low);
MR3 = (2*MP)+(last_month_high-(2*last_month_low));
MS3 = (2*MP)-((2* last_month_high)-last_month_low);
last_month_low=Low[i]; last_month_high=High[i];
LabelShiftTime = Time[LabelShift];
ObjectCreate("MonthlyPivot", OBJ_TEXT, 0,LabelShiftTime,0);
ObjectSetText("MonthlyPivot", " Monthly Pivot Point "+DoubleToStr(MP,4),fontsize,"Arial",PivotLabelColor);
SetIndexLabel(0, "Monthly Pivot Point");
ObjectCreate("MSup1", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MSup1", " Mo S1 "+DoubleToStr(MS1,4),fontsize,"Arial",SupportLabelColor);
SetIndexLabel(1, "MSup1");
ObjectCreate("MRes1", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MRes1", " Mo R1 "+DoubleToStr(MR1,4),fontsize,"Arial",ResistanceLabelColor);
SetIndexLabel(2, "MRes1");
ObjectCreate("MSup2", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MSup2", " Mo S2 "+DoubleToStr(MS2,4),fontsize,"Arial",SupportLabelColor);
SetIndexLabel(3, "MSup2");
ObjectCreate("MRes2", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MRes2", " Mo R2 "+DoubleToStr(MR2,4),fontsize,"Arial",ResistanceLabelColor);
SetIndexLabel(4, "MRes2");
ObjectCreate("MSup3", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MSup3", " Mo S3 "+DoubleToStr(MS3,4),fontsize,"Arial",SupportLabelColor);
SetIndexLabel(5, "MSup3");
ObjectCreate("MRes3", OBJ_TEXT, 0, LabelShiftTime, 0);
ObjectSetText("MRes3", " Mo R3 "+DoubleToStr(MR3,4),fontsize,"Arial",ResistanceLabelColor);
SetIndexLabel(6, "MRes3");
ObjectMove("MonthlyPivot", 0, LabelShiftTime,MP);
ObjectMove("MSup1", 0, LabelShiftTime,MS1);
ObjectMove("MRes1", 0, LabelShiftTime,MR1);
ObjectMove("MSup2", 0, LabelShiftTime,MS2);
ObjectMove("MRes2", 0, LabelShiftTime,MR2);
ObjectMove("MSup3", 0, LabelShiftTime,MS3);
ObjectMove("MRes3", 0, LabelShiftTime,MR3);
}
last_month_high = MathMax(last_month_high, High[i]);
last_month_low = MathMin(last_month_low, Low[i]);
MPBuffer[i]=MP;
MS1Buffer[i]=MS1;
MR1Buffer[i]=MR1;
MS2Buffer[i]=MS2;
MR2Buffer[i]=MR2;
MS3Buffer[i]=MS3;
MR3Buffer[i]=MR3;
}
//----
return(0);
}
//+------------------------------------------------------------------+
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