Dynamic Pivot - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Based on the ideas of Austin Passamonte, this indicator calculates intraday pivot points.
In this version, the default value for pivot levels is 38.61% of the range, but you can easily change it via parameters to the Fibonacci levels suggested by Passamonte in his TASC article (0.25, 0.50 and 0.75) or any level you want. If the level parameter is set to 0 or less than 0, this parameter is ignored.
Also, when using an alternative pivot, it looks like the example below. Alternative pivots are added simply because they look more logical than the original pivots.
Attachment download
📎 dynamic_pivots.mq5 (9.68 KB)
Source: MQL5 #20600
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