## Micro Pivots

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### Micro Pivots

Indicator will show selected Fibonacci levels between two moving averages.
Micro Pivots.lua

MT4/Mq4 version.
viewtopic.php?f=38&t=64948

Apprentice
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Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

### Re: Micro Pivots

Apprentice
FXCodeBase: Confirmed User

Posts: 20118
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

### Re: Micro Pivots

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.
speakinmymind

Posts: 310
Joined: Thu Feb 28, 2013 8:18 am

### Re: Micro Pivots

Apprentice
FXCodeBase: Confirmed User

Posts: 20118
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

### Re: Micro Pivots

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

Posts: 310
Joined: Thu Feb 28, 2013 8:18 am

### Re: Micro Pivots

Apprentice
FXCodeBase: Confirmed User

Posts: 20118
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

### Re: Micro Pivots

Can you define formulas for these three lines.

Apprentice
FXCodeBase: Confirmed User

Posts: 20118
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

### Re: Micro Pivots

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.
speakinmymind

Posts: 310
Joined: Thu Feb 28, 2013 8:18 am

### Re: Micro Pivots

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

Apprentice
FXCodeBase: Confirmed User

Posts: 20118
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

### Re: Micro Pivots

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
speakinmymind

Posts: 310
Joined: Thu Feb 28, 2013 8:18 am

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