Description
This requires the Pivot Channels indicator.
This allows you to plot the three support / resistance lines, as well as the pivot, and the high-low of a previous period on a lower time frame.
For example, we've shown here the pivot lines and high-low from the daily chart on the H1 chart, and also the pivot lines from the H4 chart on the H1 chart.
Find us at: fxtradersystems.com
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;
namespace cAlgo
{
[Cloud("Yesterday's High", "Yesterday's Low")]
[Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class MTFPivotChannels : Indicator
{
[Parameter("TimeFrame", DefaultValue = "Daily")]
public TimeFrame timeFrame { get; set; }
[Output("Pivot", LineColor = "White")]
public IndicatorDataSeries Pivot { get; set; }
[Output("Yesterday's Low", LineColor = "Cyan")]
public IndicatorDataSeries YestLow { get; set; }
[Output("Support 1", LineColor = "LawnGreen")]
public IndicatorDataSeries Support1 { get; set; }
[Output("Support 2", LineColor = "Lime")]
public IndicatorDataSeries Support2 { get; set; }
[Output("Support 3", LineColor = "Green")]
public IndicatorDataSeries Support3 { get; set; }
[Output("Yesterday's High", LineColor = "Cyan")]
public IndicatorDataSeries YestHigh { get; set; }
[Output("Resistance 1", LineColor = "Tomato")]
public IndicatorDataSeries Resistance1 { get; set; }
[Output("Resistance 2", LineColor = "Red")]
public IndicatorDataSeries Resistance2 { get; set; }
[Output("Resistance 3", LineColor = "DarkRed")]
public IndicatorDataSeries Resistance3 { get; set; }
private Bars customBars;
private PivotChannels pivotChannels;
protected override void Initialize()
{
customBars = MarketData.GetBars(timeFrame);
pivotChannels = Indicators.GetIndicator<PivotChannels>(customBars.HighPrices, customBars.LowPrices, customBars.ClosePrices);
}
public override void Calculate(int index)
{
if (index == 0)
return;
int customIndex = customBars.OpenTimes.GetIndexByTime(Bars.OpenTimes[index]);
Pivot[index] = pivotChannels.Pivot[customIndex];
YestHigh[index] = pivotChannels.YestHigh[customIndex];
YestLow[index] = pivotChannels.YestLow[customIndex];
Resistance1[index] = pivotChannels.Resistance1[customIndex];
Support1[index] = pivotChannels.Support1[customIndex];
Resistance2[index] = pivotChannels.Resistance2[customIndex];
Support2[index] = pivotChannels.Support2[customIndex];
Resistance3[index] = pivotChannels.Resistance3[customIndex];
Support3[index] = pivotChannels.Support3[customIndex];
}
}
}
fxtradersystems
Joined on 10.09.2020
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: MTF Pivot Channels.algo
- Rating: 0
- Installs: 1522
- Modified: 13/10/2021 09:54
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