Micro Pivots

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Micro Pivots

Postby Apprentice » Tue Apr 16, 2013 4:34 pm

Micro Pivots.png


Indicator will show selected Fibonacci levels between two moving averages.
Micro Pivots.lua
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MT4/Mq4 version.
viewtopic.php?f=38&t=64948
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Re: Micro Pivots

Postby Apprentice » Wed Apr 17, 2013 4:06 am

Four additional Levels added.
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Re: Micro Pivots

Postby speakinmymind » Thu May 16, 2013 12:22 pm

Could you please create an alert that does the following?

Line 0 = the lowest of the two moving averages in the original settings

If price is above line 0:

The price difference between line x (user choice) and line y (user choice) creates a certain number, when that number jumps (increases by a user selected number) it should set off a sell signal

if that number falls (decreases by a user selected number) it should set off a buy signal

If price is below line 0 it is the opposite:

when that number jumps (increases by a user selected number) it should set off a nuy signal

if that number falls (decreases by a user selected number) it should set off a sell signal

I honestly think this is the most useful indicator ever created...
Last edited by speakinmymind on Fri May 17, 2013 6:22 am, edited 1 time in total.
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Re: Micro Pivots

Postby Apprentice » Fri May 17, 2013 5:00 am

Your request is added to the development list.
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Re: Micro Pivots

Postby speakinmymind » Sun May 19, 2013 4:14 pm

Could you develop an oscillator version of this so that it appears below the chart? I only really need 3 lines for the oscillator
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Re: Micro Pivots

Postby Apprentice » Tue May 21, 2013 5:20 am

Your request is added to the development list.
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Re: Micro Pivots

Postby Apprentice » Wed May 22, 2013 6:47 am

Can you define formulas for these three lines.
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Re: Micro Pivots

Postby speakinmymind » Wed May 22, 2013 12:28 pm

I didn't mean to cause confusion, I was talking about the exact same formula as used in this indicator I just wanted to see it below the chart in a MACD format. I actually need four lines if you can.

Thanks.
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Re: Micro Pivots

Postby Apprentice » Fri May 24, 2013 3:40 am

What four elements of Micro Pivots.
Short and Long MA, closing price and ...
You have to give more details in your request.
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Re: Micro Pivots

Postby speakinmymind » Fri May 24, 2013 12:18 pm

The four elements (lines) are:

SHORT EMA
LONG EMA
FIB LINE 1 and FIB LINE 2 (All customizable as in the indicator)

The distance between the short and long EMA would be the reflected in the histogram
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