pivots calculation based on pine script v4

pivots calculation based on pine script v4 MT5 indicator for multiple cycles. The indicator helps to identify potential trading opportunities in different time frames.

For MQL4 version please click here.

pine script v4 function I/O :

pivothigh(source, leftbars, rightbars) → series[float]

pivotlow(source, leftbars, rightbars) → series[float]

This indicator includes two simple functions to calculate the pivotshigh and pivotslow functions based on pine script. The functions can be used as copy and paste snippet in conversion projects from tradingview platform.

Note: The pivots indicators implemented in tradingview platform is lagging. 

How to install pivots calculation based on pine script v4 Indicator in MetaTrader 5 Forex Trading Platform?

• Extract the downloaded pivots calculation based on pine script v4 Indicator.zip file.
• In the MetaTrader 5 trading platform, go to the “File” menu and click “Open Data Folder”.
• Navigate to the MQL5 folder and open the Indicators folder.
• Paste the pivots calculation based on pine script v4 Indicator.ex5 file(s) into the Indicators folder.
• Restart the MetaTrader 5 platform.