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Daily Pivot Points

Daily Pivot Points

Pivot Points Indicator

The Pivot Points indicator shows the expected average price, support and resistance levels. The values are recalculated at the end of each trading day, using the DAILY price range, and do not change during the following trading day. This indicator does not work on small time intervals (Tick and 1 Minute), as there is usually not enough chart data to calculate it.

The Pivot Points indicator uses the following formulas:

PivotPoints = (HIGH + LOW + CLOSE) / 3
Res1 = 2 * PivotPoints - LOW
Sup1 = 2 * PivotPoints - HIGH
Res2 = PivotPoints + HIGH - LOW
Sup2 = PivotPoints + LOW - HIGH
Res3 = HIGH + 2 * (PivotPoints - LOW)
Sup3 = LOW + 2 * (PivotPoints - HIGH)

This indicator can also be used for defining the exit points (stops and limits).

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Download File

Pivot_Points.act (4.41 KB, 1,760 views)

User Comments

Oldest Newest Votes

by Administrator posted Friday, December 30, 2011

Supreme Being with 290 recognition points

Sorry you don't have permission to rate comments.

Dear, users!

Please, NOTE that the indicator should be added and compiled in INDICATOR editor (not the Strategy editor)

Best Regards

ActFX support team

by Ivan posted Friday, December 30, 2011

Happy New Year! I don´t know but 80% the scripts I can´t install this is the messenger error: Can u help me please?

EXCEPTION

ECompileError in TdxBarButton

CODE

MESSAGE

Compilation Error: Undeclared identifier: 'Embedded'

Line: 3, Column 18

DETAILS

CALL STACK

fx_client.exe=>FastScriptUtils.pas=>CompileScript=>103

fx_client.exe=>FastScriptUtils.pas=>CompileScript=>90

fx_client.exe=>StrategyProcessor.pas=>TStrategyProcessor.Compile=>256

fx_client.exe=>StrategyProcessor.pas=>TStrategyProcessor.Compile=>251

fx_client.exe=>StrategyProcessor.pas=>TStrategyProcessor.CompileFile=>247

fx_client.exe=>StrategyProcessor.pas=>TStrategyProcessor.CompileFile=>245

fx_client.exe=>EnabledStrategyList.pas=>TForm_EnabledStrategyList.AddStrategy=>94

fx_client.exe=>EnabledStrategyList.pas=>TForm_EnabledStrategyList.AddStrategy=>93

fx_client.exe=>UserStrategiesEditor.pas=>TForm_UserStrategiesEditor.CompileAndApply=>159

fx_client.exe=>cxClasses.pas=>TcxObjectLinkController.RemoveLink=>1721

fx_client.exe=>FastScriptEditorBase.pas=>TForm_FastScriptEditorBase.Menu_CompileAndApplyClick=>914

fx_client.exe=>dxBar.pas=>TdxBarSkinnedPainter.GetEditPartState=>52850

fx_client.exe=>dxBar.pas=>TdxBarSkinnedPainter.GetEditPartState=>52837

fx_client.exe=>dxBar.pas=>TdxBarOffice11Painter.ComboControlDrawSimpleButton=>49971

fx_client.exe=>dxBar.pas=>TdxBarOffice11Painter.EditControlSubMenuGlyphIndents=>49929

fx_client.exe=>dxBar.pas=>TdxBarSkinnedPainter.BarDrawMarkElements=>51918

fx_client.exe=>dxBar.pas=>TdxBarLargeButton.SetImageIndex=>34515

fx_client.exe=>dxBar.pas=>TdxBarLargeButton.LargeGlyphChanged=>34488

fx_client.exe=>dxBar.pas=>TdxBarPainter.GetTextColors=>43501

fx_client.exe=>dxBar.pas=>TdxBarCustomCombo.SetItemIndex=>34896

fx_client.exe=>dxSkinsForm.pas=>dxSkinsWndProcHook=>4309

fx_client.exe=>dxBar.pas=>CalculateBandRect=>45817

fx_client.exe=>dxBar.pas=>TdxBarListItem.DoAddListedItemLinks=>35524

fx_client.exe=>dxBar.pas=>TdxBarListItem.DoAddListedItemLinks=>35520

fx_client.exe=>dxBar.pas=>TdxBarCustomCombo.SetText=>35137

fx_client.exe=>dxBar.pas=>TdxBarCustomCombo.SetItemIndex=>34887

fx_client.exe=>dxBar.pas=>TdxBarCustomCombo.Create=>34844

fx_client.exe=>dxBar.pas=>GetArrowSize=>44894

USER32.dll=>=>CallNextHookEx=>0

fx_client.exe=>cxContainer.pas=>ApplicationGetMessageMsgHookProc=>6353

USER32.dll=>=>GetPropW=>0

USER32.dll=>=>DispatchMessageW=>0

fx_client.exe=>Fx_Client.dpr=>=>420

WINDOWS VERSION

6.1.7601 Service Pack 1

APPLICATION INFO

fx_client.exe 4.4.90.44/4.4.90

http://real4.sysfx.com:8118/xml/; eforex118; TRADER: Genius2012

RAISE TIME

2011-12-30 14:22:58

Server Time: 8:22:57

by bukhary posted Thursday, June 03, 2010

Thx for this helpful tool which WORKS GREAT. but when I change my profile it makes an error : USER INDICATOR NOT FOUND. ID = 1

I want to know how to solve this.

by Erica posted Thursday, May 27, 2010

我試過用指標編輯器一樣是這樣

by scriptor posted Tuesday, March 02, 2010

NeroKoso, you probably tried to open this script in the Strategy Editor instead of the Indicator Editor

by NeroKoso posted Tuesday, March 02, 2010

EXCEPTION
ECompileError in TPanel
CODE

MESSAGE
Compilation Error: Undeclared identifier: 'Embedded'
Line: 3, Column 18

by Gregor Anton posted Sunday, February 14, 2010

interesting approach, I'll have to give it a try. Thanks!

by scriptor posted Wednesday, February 10, 2010

Actually I do not receive any errors when using the new script.
As far as i know there is no way to directly refer to the time frame of the chart using the Indicator Editor. However, you can try something like this:

DecodeTime(SourceGraph.TimeValue(ValueIndex), Hour1, Min1, Sec, MSec);
DecodeTime(SourceGraph.TimeValue(ValueIndex-1), Hour2, Min2, Sec, MSec);
if (Hour1=Hour2) and (abs(Min1-Min2) < 15) then...

by Gregor Anton posted Monday, February 08, 2010

is there any way to query what time frame the chart is presently set to when using the indicator editor? It seems that I get alot of errors when using the original pivot points on a smaller time frame like 5min chart plus it becomes a little too messy at that time frame so what I'd like to do in the indicator editor test the time frame, if it's 1hr or greater leave the pivots, if it's changed to less than 1 hr, hide the pivots..

Thanks!

by Admin posted Monday, February 08, 2010

The script for Pivot Points has been updated.
Now, when trying to use it on the Tick chart you will receive an info message instead of the exception.

by Administrator posted Monday, February 08, 2010

The script for Pivot Points has been updated.<br />Now, when trying to use it on the Tick chart you will receive an info message instead of the exception.<br />

by Gregor Anton posted Friday, February 05, 2010

For anyone interested I've created a Pivot Point Manual Indicator...

I found the pivot points to be somewhat off... and since I like the pivots at http://www.mataf.net/en/tools/pivot-points I've rewritten that pivot indicator to accept manual pivot entries.

All you need to do is set the values for the pivots. The default numbers are for today's GBPUSD pivots... just change them for your currency for whatever given date. Beats putting horizontal lines on the charts and having color to differentiate between S&R Lines is great!

You can find the indicator here: http://forum.actfx.com/Topic591-14-1.aspx

Gregor Anton
http://www.ForexCurrencyDayTrader.com

by elvin posted Friday, January 15, 2010

Hello, this is very difficult to do. You need to shift the calculation periods inside the script.

by ZoOoOoP posted Wednesday, January 13, 2010

Hello, it calcul GMT+1 pivots for me, how can i do for "GMT+0" ?
Thank in advance ^^

by stone posted Monday, December 14, 2009

Hi,
I did not see much difference between this one and the one at the link you provided. Both are using the same formulas, and looks like both use daily values. What do you think the difference is?

by Gregor Anton posted Sunday, December 13, 2009

Great indicator!

I have a question, when I look at today's UJ chart, your pivot points are way different from those that I find on the net, have a look at:

http://www.mataf.net/en/tools/pivot-points

Thanks in Advance!

Gregor Anton
www.ForexCurrencyDayTrader.com