[PoshTrader] Pivot Points free

by Jiri in category Other at 15/07/2020
Description

ctrader pivot points

The indicator automatically draws important Pivot Levels using the most popular approaches:

  • Classical
  • Floor
  • Camarilla
  • Woodie
  • Fibonacci
  • DeMark


Usage of Pivot Points

The very essence of trading with Pivot Points is based on the idea that the price tends to reach yesterday’s close point much more often than to overcome the previous day range. That’s why the most popular calculation period for Pivot Points is Daily.

In that context, all Pivot levels play the role of support and resistance. While analyzing the chart, we can see multiple price interactions with these levels. Also, one of the advantages of the Pivot indicator is its popularity, as the more traders use the same tool, the more likely the price will interact with it.


powered by PoshTrader Marketplace

 

How to install?


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16132 downloads
How to install
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Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
/* -------------------------------------------------------------------------------
 *
 *      [PoshTrader] Pivot Points
 *
 *      Copyright (C) 2020, PoshTrader Ltd (https://poshtrader.com)
 *      PoshTrader reserves the right to modify or overwrite this algo with each release.
 *
 *      https://poshtrader.com/items/ctrader/4856/
 *
 * -------------------------------------------------------------------------------
 */

using cAlgo.API;
using PoshTrader.Licensing;

namespace cAlgo
{
    [Item(4856, "Pivot Points", Author = "PoshTrader")]
    [Indicator(IsOverlay = true, AccessRights = AccessRights.FullAccess)]
    public class PivotPoints : Indicator
    {
        protected override void Initialize()
        {
            new ItemLicense(this);
        }

        public override void Calculate(int index) { }
    }
}
Comments
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