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VR-Pivot draws 7 lines according to the formulas described above and a vertical line for the ability to move levels through the history.
This code was written in order to check and study the operation of pivot levels. while writing VR-Pivot, there were many similar programs on the Internet, but they could not track the level readings on the history.
Unlike standard programs, this script uses the looping method, so the script itself is not removed from the chart, it can be manually deleted.
VR-Pivot is executed as a script, the script does not take up the flow of the indicator or adviser.
Pivot levels are calculated using the following formulas:
First support and resistance levels:
Second support and resistance:
Third support and resistance:
The script does not trade automatically, so the yield depends on the knowledge and skills of the trader to apply Pivot levels
Use the script in conjunction with Your trading strategy
The script doesn't have any settings.
There is no video for the script
17.100 from 16.10.2017 - First version
The archive contains a file for Metatrader 4 VR --- Pivot.ex4
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