SD X-Tz Pivots
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use SD X-Tz Pivots
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
Shimodax
Calculation of pivot and similar levels based on time zones.
If you want to modify the colors, please scroll down to line 200 and below (where it says "Calculate Levels") and change the colors. Valid color names can be obtained by placing the cursor on a color name (e.g. somewhere in the word "Orange" and pressing F1).
Time Zone Inputs:
LocalTimeZone
— time zone for which MetaTrader 4 shows your local time, e.g. 1 or 2 for Europe (GMT+1 or GMT+2 for daylight savings time). Use zero for no adjustment. The MetaQuotes demo server uses GMT+2.
DestTimeZone
— time zone for the session from which to calculate the levels, e.g. 1 or 2 for the European session (without or with daylight savings time). Use zero for GMT.
Example
:
If your MetaTrader server is located in the EST (Eastern Standard Time, GMT-5) zone and you want to calculate the levels for the London trading session (European time in summer GMT+1), then enter -5 for LocalTimeZone, 1 for DestTimeZone.
Please understand that the LocalTimeZone setting depends on the time on your MetaTrader charts (for example the demo server from MetaQuotes is always located in CDT (+2) or CET (+1), no matter what the clock on your wall says.
If in doubt, leave everything to zero.
Tips:
BarForLabels = number of bars from right, where lines labels will be shown.
Comment for upper left corner: Range, Highs, Lows, Close - Yesterday, Today.
