dynamic pivots - any time frame
Info
The dynamic pivots - any time frame is a Indicator for MetaTrader 5 that based on the austin passamonte's idea , this indicator calculates pivots for any time frame (provided that the chosen time frame is higher than the chart time frame). two modes of calculation :original (when it calculates as in the austin passamonte's idea) or alternate mode (when it is more support / resistance inclined) recommendations:use it as any other pivots since the code is optimized (only last bar calculated on new ticks), it can easily be used from any other code via icustom().
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use dynamic pivots - any time frame
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
based on the austin passamonte's idea , this indicator calculates pivots for any time frame (provided that the chosen time frame is higher than the chart time frame).
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: dynamic fair value gap (fvg) indicator for metatrader 5 - another powerful indicator for MetaTrader 5 traders.
based on the austin passamonte's idea , this indicator calculates pivots for any time frame (provided that the chosen time frame is higher than the chart time frame).
Also recommended: institutional kalman filter: dynamic true price estimation - similar indicator with strong performance on MetaTrader 5.
two modes of calculation :original (when it calculates as in the austin passamonte's idea)
or alternate mode (when it is more support / resistance inclined)
recommendations:
use it as any other pivots
since the code is optimized (only last bar calculated on new ticks), it can easily be used from any other code via icustom()
You may also like: variable index dynamic average (vidya) - excellent alternative for indicator users on MetaTrader 5.
Source Code
яю//------------------------------------------------------------------
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_plots 7
#property indicator_label1 "Pivot high 3"
#property indicator_type1 DRAW_LINE
#property indicator_color1 clrLimeGreen
#property indicator_label2 "Pivot high 2".......
⚠ 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.