!RL_TraderPivots – Version 4.0

Version 4.0 of trader pivots has some enhancements over previous versions:

1: Support for other Pivot Types

“t” = traditional Trader Pivots

“c” = Camarilla Pivots

“w” = Woodie Pivots

2: User-defined pivot line colors

3: Ability to turn off any pivot line to keep charts cleaner

Format Box Description:

• Pivot Type (“t” = tradtional, “c” = Camarilla, “w” = Woodies Pivots)
• ShowTodaysOHLC = if set to TRUE will plot today’s open, high and low lines
• ShowYesterdaysOHLC = if set to TRUE will plot yesterday’s open, high and low lines
• ShowHalfPivots = if set to True will display a dashed line halfway between pivots
• dateORsession = sets how transitions between days is calculated. If set to a 1 the indicator will use a date change to force recalculation of the pivots. This is good for stocks. If set to a 0 the indicator will use the end of the session to calculated the next pivot points. (good for futures).
• TxtOffset = Allows you to move the legend text around
• newPivotsonClose = set to true will calculate tomorrow’s pivots on session close
• ppColor – r4Color = allow user to select which color to use for a pivot level line.  Putting in a 0 will turn that pivot line off and not plot.
• Vers. = Do not change this. This is the current version of the indicator and is used for support purposes.