Universal pivot-level indicator that show few pivots on choosen period. Usually pivots work in all liquid markets, which exhibit stable price ranges. The levels work very well in the futures markets and the Forex market as well.

 

In the trend price tends to go from the Pivot-level to 1 or 2 of the first support or resistance levels. Scope of the 2nd support / resistance is a frequent speaker for the motion.

In the areas of prices often go to the first support to resistance and Pivot with acts like the axis of rotation rates.

 

Input parameters:

period (default 14400 – 1 day) , valuable records:Continue reading







This is standard Commodity Channel Index (CCI) indicator, however with implemented Noise Reduction mechanism, so it give much less negative sygnals to trade.

 

Indicator input parameters:

CCIperiod – indicator period
Price  (defauld = 4) – price type, allowed numbers:

  • 0 – Price Close value
    1 – Price Open
    2 – Price High
    3 – Pice Low
    4 – Price median value (high+low)/2
    5 – Price typical value (high+low+close)/3
    6 – Price Weighted value (high+low+close+close)/4

Sens – allowed calculating error

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This indicator automatically draw support and resistance lines with channels, and some additional channel lines. To have indicator draw channels in history you may just move last vertical line (named StartTL). In the top right corner indicator show number of lines for  support and resistance.

 

Inpot parameters:

FirstBar – start candle, where StartTL will be placed

DeltaBar – minumum number of candles for support/resistance lines

InsLine (true/false) – build or now additional internal line of support/resistance

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