Automatic Daily Pivot Caculator

This topic has 8 replies, 2 voices, and was last updated 6 years ago by saif.

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01/22/2018 at 5:27 AM #60118

saif

Hi All,

Is it possible to have the horizontal lines to go right across the chart and not stop at the last traded bar, with the value indicated on the label ,where the line ends?

Hope someone can help.

Thanks in advance.

saif

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01/22/2018 at 10:01 AM #60134

Nicolas

Ok but only for the today’s pivots lines then?

Nicolas

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01/22/2018 at 11:00 AM #60141

saif

Yes Nicolas, I update them daily, but find the charts messy when the label sits on the last traded bar and also prefer to have the value indicated on the line along with the label at the right side of the chart..hope this makes sense.

saif

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01/22/2018 at 11:04 AM #60142

saif

This is how i”m used to when entering them manually..as you can see it takes a lot of time

saif

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01/22/2018 at 12:23 PM #60154

Nicolas

I modified the indicator, it should looks how you want now ..

defparam drawonlastbaronly = true

MP = UNDEFINED
CBOL = UNDEFINED
CBOS = UNDEFINED
//CSHT = UNDEFINED
//CLNG = UNDEFINED
MR3 = UNDEFINED
MR2 = UNDEFINED
MR1 = UNDEFINED
MS1 = UNDEFINED
MS2 = UNDEFINED
MS3 = UNDEFINED
MMLO = UNDEFINED
MMHI = UNDEFINED
MGAP = UNDEFINED
MPDH = UNDEFINED
MPDL = UNDEFINED

SHOW = (TodayOnly and DATE[0] > Yesterday)

IF SHOW or NOT TodayOnly THEN
MP = ( (MClose + MHi + MLo )  / 3)
CBOL = MClose +  ( ( (MHi  - MLo) * 1.1) / 2)
CBOS = MClose - ( ( (MHi  - MLo ) * 1.1) / 2)
MR3 = MHi + ( 2 * (MP - MLo) )
MR2 = MP + (MHi - MLo)
MR1 = (2 * MP) - MLo
MS1 = (2 * MP) - MHi
MS2 = MP - (MHi - MLo)
MS3 = MLo - ( 2 * (MHi - MP) )
MMLO = MLO
MMHI = MHI
MPDH = PDH
MPDL = PDL
MGAP = MCLOSE

//vertical offsetto draw text correctly over horizontal lines
Voffset = 1*pipsize

//draw pivot points text
DRAWTEXT("                                  Daily Pivot",barindex-2,MP+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  CBOL",barindex-2,CBOL+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  CBOS",barindex-2,CBOS+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  DR3",barindex-2,MR3+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  DR2",barindex-2,MR2+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  DR1",barindex-2,MR1+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  DS1",barindex-2,MS1+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  DS2",barindex-2,MS2+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  DS3",barindex-2,MS3+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  Daily High",barindex-2,MMHI+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  Daily Low",barindex-2,MMLO+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  Close",barindex-2,MGAP+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  2DHigh",barindex-2,MPDH+Voffset,SansSerif,Bold,10)
DRAWTEXT("                                  2DLow",barindex-2,MPDL+Voffset,SansSerif,Bold,10)

DRAWHLINE(MP)COLOURED(95,95,100)
DRAWHLINE(CBOL)
DRAWHLINE(cbos)
drawhline(mr3)COLOURED (235,5,30)
drawhline(mr2)COLOURED (235,5,30)
drawhline(mr1)COLOURED (235,5,30)
drawhline(ms3)COLOURED(30,235,5)
drawhline(ms2)COLOURED(30,235,5)
drawhline(ms1)COLOURED(30,235,5)
drawhline(mmhi)COLOURED(45,75,240)
drawhline(mmlo)COLOURED(45,75,240)
drawhline(mpdh)COLOURED(45,75,240)
drawhline(mpdl)COLOURED(45,75,240)

ENDIF
RETURN// MP COLOURED(95,95,100) as "Pivot", CBOL as "CBOL", CLNG COLOURED(30,235,5) as "CLNG", CSHT COLOURED(30,235,5) as "CSHT", CBOS as "CBOS", MR3 COLOURED (235,5,30) as "R3", MR2 COLOURED (235,5,30) as "R2", MR1 COLOURED (235,5,30) as "R1", MS1 COLOURED(30,235,5) as "S1", MS2 COLOURED(30,235,5) as "S2", MS3 COLOURED(30,235,5) as "S3", MGAP COLOURED(235,5,30) as "Close", MMHi COLOURED(45,75,240) as "Hi", MMLo COLOURED(45,75,240) as "Lo", MPDH COLOURED(45,75,240) as "PDH", MPDL COLOURED(45,75,240) as "PDL"

// To set your own colours REM out above line and undo line below
REM RETURN MP as "Pivot", CBOL as "CBOL", CLNG as "CLNG", CSHT as "CSHT", CBOS as "CBOS", MR3  as "R3", MR2 as "R2", MR1 as "R1", MS1 as "S1", MS2 as "S2", MS3 as "S3", MGAP as "Gap", MMHi as "Hi", MMLo as "Lo", MPDH as "PDH", MPDL as "PDL"

defparam drawonlastbaronly = true

MP = UNDEFINED

CBOL = UNDEFINED

CBOS = UNDEFINED

//CSHT = UNDEFINED

//CLNG = UNDEFINED

MR3 = UNDEFINED

MR2 = UNDEFINED

MR1 = UNDEFINED

MS1 = UNDEFINED

MS2 = UNDEFINED

MS3 = UNDEFINED

MMLO = UNDEFINED

MMHI = UNDEFINED

MGAP = UNDEFINED

MPDH = UNDEFINED

MPDL = UNDEFINED

SHOW = (TodayOnly and DATE[0] > Yesterday)

IF SHOW or NOT TodayOnly THEN

MP = ( (MClose + MHi + MLo ) / 3)

CBOL = MClose + ( ( (MHi - MLo) * 1.1) / 2)

CBOS = MClose - ( ( (MHi - MLo ) * 1.1) / 2)

MR3 = MHi + ( 2 * (MP - MLo) )

MR2 = MP + (MHi - MLo)

MR1 = (2 * MP) - MLo

MS1 = (2 * MP) - MHi

MS2 = MP - (MHi - MLo)

MS3 = MLo - ( 2 * (MHi - MP) )

MMLO = MLO

MMHI = MHI

MPDH = PDH

MPDL = PDL

MGAP = MCLOSE

//vertical offsetto draw text correctly over horizontal lines

Voffset = 1*pipsize

//draw pivot points text

DRAWTEXT(" Daily Pivot",barindex-2,MP+Voffset,SansSerif,Bold,10)

DRAWTEXT(" CBOL",barindex-2,CBOL+Voffset,SansSerif,Bold,10)

DRAWTEXT(" CBOS",barindex-2,CBOS+Voffset,SansSerif,Bold,10)

DRAWTEXT(" DR3",barindex-2,MR3+Voffset,SansSerif,Bold,10)

DRAWTEXT(" DR2",barindex-2,MR2+Voffset,SansSerif,Bold,10)

DRAWTEXT(" DR1",barindex-2,MR1+Voffset,SansSerif,Bold,10)

DRAWTEXT(" DS1",barindex-2,MS1+Voffset,SansSerif,Bold,10)

DRAWTEXT(" DS2",barindex-2,MS2+Voffset,SansSerif,Bold,10)

DRAWTEXT(" DS3",barindex-2,MS3+Voffset,SansSerif,Bold,10)

DRAWTEXT(" Daily High",barindex-2,MMHI+Voffset,SansSerif,Bold,10)

DRAWTEXT(" Daily Low",barindex-2,MMLO+Voffset,SansSerif,Bold,10)

DRAWTEXT(" Close",barindex-2,MGAP+Voffset,SansSerif,Bold,10)

DRAWTEXT(" 2DHigh",barindex-2,MPDH+Voffset,SansSerif,Bold,10)

DRAWTEXT(" 2DLow",barindex-2,MPDL+Voffset,SansSerif,Bold,10)

DRAWHLINE(MP)COLOURED(95,95,100)

DRAWHLINE(CBOL)

DRAWHLINE(cbos)

drawhline(mr3)COLOURED (235,5,30)

drawhline(mr2)COLOURED (235,5,30)

drawhline(mr1)COLOURED (235,5,30)

drawhline(ms3)COLOURED(30,235,5)

drawhline(ms2)COLOURED(30,235,5)

drawhline(ms1)COLOURED(30,235,5)

drawhline(mmhi)COLOURED(45,75,240)

drawhline(mmlo)COLOURED(45,75,240)

drawhline(mpdh)COLOURED(45,75,240)

drawhline(mpdl)COLOURED(45,75,240)

ENDIF

RETURN// MP COLOURED(95,95,100) as "Pivot", CBOL as "CBOL", CLNG COLOURED(30,235,5) as "CLNG", CSHT COLOURED(30,235,5) as "CSHT", CBOS as "CBOS", MR3 COLOURED (235,5,30) as "R3", MR2 COLOURED (235,5,30) as "R2", MR1 COLOURED (235,5,30) as "R1", MS1 COLOURED(30,235,5) as "S1", MS2 COLOURED(30,235,5) as "S2", MS3 COLOURED(30,235,5) as "S3", MGAP COLOURED(235,5,30) as "Close", MMHi COLOURED(45,75,240) as "Hi", MMLo COLOURED(45,75,240) as "Lo", MPDH COLOURED(45,75,240) as "PDH", MPDL COLOURED(45,75,240) as "PDL"

// To set your own colours REM out above line and undo line below

REM RETURN MP as "Pivot", CBOL as "CBOL", CLNG as "CLNG", CSHT as "CSHT", CBOS as "CBOS", MR3 as "R3", MR2 as "R2", MR1 as "R1", MS1 as "S1", MS2 as "S2", MS3 as "S3", MGAP as "Gap", MMHi as "Hi", MMLo as "Lo", MPDH as "PDH", MPDL as "PDL"

I noticed that you update manually the variables to make the calculation the pivot points, it could be made automatically, could you tell me what are these manual values?

1 user thanked author for this post.

saif

Nicolas

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Replies: 20863

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01/22/2018 at 1:39 PM #60165

saif

Thank you very much Nicolas. I used horizontal lines to enter the daily levels manually but I can now use this indicator to automatically populate the levels using EOD data.

I modified using your inputs but still having the Texts( Labels) in the middle and not on the right, just before Y Axis. Is there also a way to display the value of each line as well.

Please look in to this when time permits.

I can’t thank you enough for helping me.

Cheers mate.

saif

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Topics: 2

Replies: 11

Been thanked: 1 time

01/22/2018 at 5:55 PM #60200

Nicolas

The only possibility to get the title on the right of the chart is by adding blank space before them, just like I did in the code I posted previously. But since the X axis is based on bars (time), and not pixels, the text could be far or near the candlesticks, depending on the timeframe or the zoom in/out you made.

It’s possible to add values on each of the line, just add the variable name between 2 #, like in my example below:

DRAWTEXT("                                  2DLow - #MPDL#",barindex-2,MPDL+Voffset,SansSerif,Bold,10)

1	DRAWTEXT(" 2DLow - #MPDL#",barindex-2,MPDL+Voffset,SansSerif,Bold,10)

1 user thanked author for this post.

saif

Nicolas

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01/23/2018 at 1:35 PM #60321

saif

Thank you very much Nicolas.

saif

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Replies: 11

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01/29/2018 at 6:39 AM #60793

saif

Good Morning Nicolas,

Sorry to bother you again. How can I get only 1 decimal point showing in the Values of the pivot points.

saif

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Topics: 2

Replies: 11

Been thanked: 1 time

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