>> Pivot range <<

kappari · #1 (**permalink**) 02-10-2007, 05:36 AM

the pivot range's simple but effective ,

pivot = ( high + low + close ) / 3 ,

the range two lines are calculated like that,

range = ( high - low ) / 2 ,

1st line ( above the pivot ) = pivot + range ,
2nd line ( below the pivot ) = pivot - range ,

at the next chart i draw all the lines manualy cause i'm not good programer with MQL , so can anybody help me programing this so it gives the same results as seen on the chart ,

i use the weekly data ( high ,low ,close ) to calculate the pivot range

prasxz · #2 (**permalink**) 02-10-2007, 06:39 AM

Quote:

Originally Posted by kappari

the pivot range's simple but effective ,

pivot = ( high + low + close ) / 3 ,

the range two lines are calculated like that,

range = ( high - low ) / 2 ,

1st line ( above the pivot ) = pivot + range ,
2nd line ( below the pivot ) = pivot - range ,

at the next chart i draw all the lines manualy cause i'm not good programer with MQL , so can anybody help me programing this so it gives the same results as seen on the chart ,

i use the weekly data ( high ,low ,close ) to calculate the pivot range

Can you explain about entry point,TP and SL (how many pips away ?)?

===============
Forex Trading Room

cja · #3 (**permalink**) 02-10-2007, 09:18 AM

Quote:

Originally Posted by kappari

the pivot range's simple but effective ,

pivot = ( high + low + close ) / 3 ,

the range two lines are calculated like that,

range = ( high - low ) / 2 ,

1st line ( above the pivot ) = pivot + range ,
2nd line ( below the pivot ) = pivot - range ,

at the next chart i draw all the lines manualy cause i'm not good programer with MQL , so can anybody help me programing this so it gives the same results as seen on the chart ,

i use the weekly data ( high ,low ,close ) to calculate the pivot range

Try this it might do what you want but it only shows the current week.

Weekly_Range.mq4

ibadah · #4 (**permalink**) 02-10-2007, 06:57 PM

Quote:

Originally Posted by kappari

the pivot range's simple but effective ,

pivot = ( high + low + close ) / 3 ,

the range two lines are calculated like that,

range = ( high - low ) / 2 ,

1st line ( above the pivot ) = pivot + range ,
2nd line ( below the pivot ) = pivot - range ,

at the next chart i draw all the lines manualy cause i'm not good programer with MQL , so can anybody help me programing this so it gives the same results as seen on the chart ,

i use the weekly data ( high ,low ,close ) to calculate the pivot range

Hi kappari,

Try this one also. I don't know where I got it from.
Hope it's useful.

aelimian · #5 (**permalink**) 02-10-2007, 07:19 PM

Please what are the rules of this method?

kappari · #6 (**permalink**) 02-10-2007, 07:40 PM

Quote:

Originally Posted by cja

Try this it might do what you want but it only shows the current week.

Attachment 25244

Thanks alot for your quick response cja , your indicator reverse the idea ,

but i think that the historical pivot range 've an important value ,
so i hope you find a way to compute them ,

i attached here the camarilla historical MQL so it might inspire you to the right way programming historical pivot range ,

good luck

kappari · #7 (**permalink**) 02-10-2007, 07:50 PM

Quote:

Originally Posted by ibadah

Hi kappari,

Try this one also. I don't know where I got it from.
Hope it's useful.

that's the one i was searching for thanks alot ibadah

kappari · #8 (**permalink**) 02-10-2007, 09:14 PM

Quote:

Originally Posted by prasxz

Can you explain about entry point,TP and SL (how many pips away ?)?

===============
Forex Trading Room

i knew about the pivot range from Fisher's book "The logical trader " ,
and i saw Kaymar using it to confirm his harmonic trading method here ,

so after reading the book i can say that the pivot range is so simple but also effective when it's combined with other indicators ,

take a look at the USDJPY last week & you'll see how the market respected the pivot lower range & also formed a " triple bottom " their , so with a divergence confirming signal evey thing was saying enter long

cja · #9 (**permalink**) 02-11-2007, 09:42 AM

Quote:

Originally Posted by kappari

Thanks alot for your quick response cja , your indicator reverse the idea ,

but i think that the historical pivot range 've an important value ,
so i hope you find a way to compute them ,

i attached here the camarilla historical MQL so it might inspire you to the right way programming historical pivot range ,

good luck

Here is exactly as your screenshot shows, i rewrote the indicator and found the line of code i was missing to make it a WEEKLY period.

cja

WEEKLY_Pivot_Range.mq4

kappari · #10 (**permalink**) 02-11-2007, 06:52 PM

cja

What can i say for a great programmer like you except thanks alot ,
that's exactly what i wanted ,

keep one your great efforts ,
God bless you