TimeZonePivots - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Real author: unknown

The channel is formed based on the one-hour opening price set in the settings.

 //+------------------------------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------------------------------+
Enter HOURS start H=ENUM_HOUR_0; // Channel calculation start time
Input ENUM_MIDDLE_TYPE MiddleLine=MODE_PRICE_OPEN; // Channel line
Input unit offset = 100 ; // Channel width (in points)
Input integer shift = 0 ; // indicator moves horizontally (in bars)

Figure 1. Time zone pivot

Attachment download

📎 timezonepivots.mq5 (23.06 KB)

Source: MQL5 #22026