SSH-Ind-FuturePivots

This indicator automatically predicts next Day/Week/Months pivot levels with many options such as color and size management and text form. As you can see in the attached pictures:

The first picture shows the input parameters.

The second picture shows that at the first half of day, the market acts based on current day’s pivot and resistance levels and it changes it’s direction at these levels, but at the second half of the day, the market ignores current day’s pivot level and crosses it easily and also changes it’s direction from a point (“C” point) that you can't find any support level there. Because there is Daily Future support (DF_S1) line.

The third picture is about weekly pivots. It shows that at the first 4 days of this week, the market acts based on current week’s pivot and support lines (“A” & “B” & “C” & “D” points). But at the end of 4 ^th day and also at the 5 ^th day of the week, the market doesn't act based on this week’s pivot levels anymore and changes it’s direction from bearish to bullish from a point (“E” point) which you can't find any pivot level, because there is Weekly Future Support (WF_S1) line.

Similar products

Standard Pivots : It only draws current and past Daily/Weekly/Monthly pivots with many useful options.

Professional Pivots : It draws current and past Daily/Weekly/Monthly pivots and also the future pivot prediction with many useful options.

Features

• Supports All Pivot types : Classic / Woodie / Camarilla / Fibonacci / Demark
• Supports the most important pivot reference time frames : Daily/ Weekly / Monthly
• Has the ability to draw future Pivot levels : Next Day / Next Week / Next Month
• Gives you full control over colors, text sizes

Calculation Modes  

This indicator supports different Pivot calculation modes.

Classic Pivot Points:  R3 = High + 2(PV – Low)   R2 = PV + (High – Low)   R1 = 2xPV – Low   PV = (High + Low + Close) / 3 S1 = 2xPV – High   S2 = PV – (High – Low)    S3 = Low - 2(High – PV)	Woodie Pivot Points:   R3 = High + 2(PV – Low)   R2 = PV + (High – Low)   R1 = 2xPV – Low   PV = (High + Low + 2xOpen) / 4 S1 = 2xPV – High   S2 = PV – (High – Low)   S3 = Low - 2(High – PV)	Camarilla Pivot Points:   R3 = Close + (High – Low) x 1.1/4   R2 = Close + (High – Low) x 1.1/6   R1 = Close + (High – Low) x 1.1/12   PV = (High + Low + Close) / 3   S1 = Close - (High – Low) x 1.1/12   S2 = Close - (High – Low) x 1.1/6 S3 = Close - (High – Low) x 1.1/4	Fibonacci Pivot Points:   R3 = PV + (High – Low) x 1.0 R2 = PV + (High – Low) x 0.618   R1 = PV + (High – Low) x 0.382   PV = (High + Low + Close) / 3   S1 = PV - (High – Low) x 0.382   S2 = PV - (High – Low) x 0.618   S3 = PV - (High – Low) x 1.0

Demark Pivot Points:   PV = (High + 2xLow + Close) / 4             when Close < Open   PV = (2xHigh + Low + Close) / 4             when Close > Open   PV = (High + Low + 2xClose) / 4             when Close = Open R1 = 2xPV – Low  S1 = 2xPV - High

Input Parameters  

---DAILY FUTURE PIVOTS---

Daily_future (True/False) : Set if next day pivot levels should be visible or not

Daily_TextsFontSize : Set daily pivots text size

Daily_PivotColor , Daily_ResColor  ,  Daily_SupColor : Set the color of daily pivot lines

--- WEEKLY FUTURE PIVOTS---(such as Daily)

--- MonTHLY FUTURE PIVOTS--- (such as Daily)

--- GENERAL SETTINGS---

PivotType (Classic/Woodie/Camarilla/Fibonacci/Demark) : Choose desired pivot type

 

Support and questions 

This product is paid once and includes free updates. 

Use the Reviews tab or Message for questions.

My ID: steven.sh

 

Author 

Steven Shemirani, Electrical engineer and private investor.

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