Pivot points intraday

Category: Indicators By: Nicolas Created: May 22, 2016, 1:11 PM
May 22, 2016, 1:11 PM
Indicators
5 Comments

Found this code of interest on a NL Prorealtime forum for someone requesting an intraday pivot points indicator. Nicely coded and would surely be of interest of other people around here, I add it to library.

The variables ‘myStartHour’, ‘myStartMinute’, ‘myEndHour’ and ‘myEndMinute’ may be changed to any start and end time for the pivot points calculation.

// Variable Pivots
// by Smoke

// Zeitvariable
myStartHour = 7
myStartMinute = 0
myEndHour = 9
myEndMinute = 0

// umrechnung Zeit
start = (myStartHour * 10000) + (myStartMinute * 100)
ende = (myEndHour * 10000) + (myEndMinute * 100) + 1000

// Hoch-Tief-Close  Berechnung
Once myHigh = 0
Once myLow = 1000

If (Day > Day[1]) Then
 myLow = Low
 myHigh = High
 myClose = Close
Endif

If (Time >= start) Then
 myClose = Close
  If High > myHigh Then
   myHigh = High
  Else
   myHigh = myHigh[1]
 Endif
 If (Time > ende) Then
  myHigh = myHigh[1]
  myClose = myClose[1]
 Endif
 If Low < myLow Then
  myLow = Low
 Else
  myLow = myLow[1]
 Endif
 If (Time > ende) Then
  myLow = myLow[1]
 Endif
Endif

If Time >= ende Then

// PP-Berechnung
 PRange = ABS(myHigh - myLow)
 PP = (myHigh + myLow + myClose) / 3

 R1  = 2 * PP - myLow
 R22 = PP + PRange
 R3  = PP + PRange * 2
 R4  = PP + PRange * 3

 S1  = 2 * PP - myHigh
 S2  = PP - PRange
 S3  = PP - Prange * 2
 S4  = PP - PRange * 3

Endif


Return PP coloured(0,0,0) as "PP", R1 coloured(255,0,0) as "R1", R22 coloured(255,0,0) as "R2", R3 coloured(255,0,0) as "R3", R4 coloured(255,0,0) as "R4", S1 coloured(0,255,0) as "S1", S2 coloured(0,255,0) as "S2", S3 coloured(0,255,0) as "S3", S4 coloured(0,255,0) as "S4"

 

Download
Filename: Pivot-points-Hourly.itf
Downloads: 204
Nicolas Master
I created ProRealCode because I believe in the power of shared knowledge. I spend my time coding new tools and helping members solve complex problems. If you are stuck on a code or need a fresh perspective on a strategy, I am always willing to help. Welcome to the community!
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