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sd x-tz pivots
Info
The sd x-tz pivots is a Indicator for MetaTrader 4 that shimodaxcalculation 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.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install 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.
What this tool does
shimodaxcalculation of pivot and similar levels based on time zones.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: sd x-tz pivots 3 - another powerful indicator for MetaTrader 4 traders.
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).
Also recommended: pivots hi low - similar indicator with strong performance on MetaTrader 4.
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.
You may also like: camarilla pivots - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
/* introduction:
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 curor on a color name (e.g. somewhere in the word "orange"
and pressing f1)........
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.