Description
This is the building block indicator for this:
It will help you view the pivot lines (support, resistance, pivot, high, low) from a higher time frame on your chart.
Find us at https://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 PivotChannels : Indicator
{
[Parameter("High Bars")]
public DataSeries HighBars { get; set; }
[Parameter("Low Bars")]
public DataSeries LowBars { get; set; }
[Parameter("Close Bars")]
public DataSeries CloseBars { 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; }
protected override void Initialize()
{
// Initialize and create nested indicators
}
public override void Calculate(int index)
{
if (index == 0)
return;
Pivot[index] = (HighBars[index - 1] + LowBars[index - 1] + CloseBars[index - 1]) / 3;
YestHigh[index] = HighBars[index - 1];
YestLow[index] = LowBars[index - 1];
Resistance1[index] = (2 * Pivot[index]) - LowBars[index - 1];
Support1[index] = (2 * Pivot[index]) - HighBars[index - 1];
Resistance2[index] = (Pivot[index] - Support1[index]) + Resistance1[index];
Support2[index] = Pivot[index] + Support1[index] - Resistance1[index];
Resistance3[index] = Pivot[index] - Support2[index] + Resistance2[index];
Support3[index] = Pivot[index] + Support2[index] - Resistance2[index];
}
}
}
fxtradersystems
Joined on 10.09.2020
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Pivot Channels.algo
- Rating: 0
- Installs: 2125
- Modified: 13/10/2021 09:54
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