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Old 12-27-2005, 10:42 PM
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bigzz is on a distinguished road
CDP indicator

Could somebody help to write the following indicator?

Input
PreviousHigh(PH),PreviousLow(PL),PreviousClose(PC) ,

Output:
CDP=(PH+PL+PC)/3
AnalysisHigh1=CDP+(PH-PL)
AnalysisHigh2=2*CDP-PL
AnalysisLow1=CDP-(PH-PL)
AnalysisLow2=2*CDP-PH

Mark AH1,AH2,AL1,AL2 in chart for reference.

Thanks in advance
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Old 12-28-2005, 01:49 PM
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Talking

Here u go - i wrote it on mq4 mabye this will help u.
When u load that indicator to window u must refresh - i dont know why it is not drawing when u load that indicator
So u have to refresh manualy for the first time - rest will be automatic.

Last edited by newdigital; 12-28-2005 at 02:09 PM. Reason: moved indicator to the download area with the proper link
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Old 12-28-2005, 03:44 PM
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Quote:
Originally Posted by bigzz
Could somebody help to write the following indicator?

Input
PreviousHigh(PH),PreviousLow(PL),PreviousClose(PC) ,

Output:
CDP=(PH+PL+PC)/3
AnalysisHigh1=CDP+(PH-PL)
AnalysisHigh2=2*CDP-PL
AnalysisLow1=CDP-(PH-PL)
AnalysisLow2=2*CDP-PH

Mark AH1,AH2,AL1,AL2 in chart for reference.

Thanks in advance
Hi, if I'm not mistaken CDP formula is a Pivot formula. AH1 is Resistant2, AH2 is Resistant1, AL1 is Support2 and AL2 is Support1. The custom indicator for Pivot is called Pivot.mq4 . Just my two cents
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Old 12-28-2005, 04:01 PM
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Thanks folks. I think it is pivot.
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Old 12-28-2005, 05:54 PM
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Right!
I knewed that this formula looks familiar !
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