Pivots MT4 – indicator for MetaTrader 4

This is not my code, but a conversion from an MT5 code here

There were requests for this to be converted to MT4.

The formulae used are:

Resistance 3 = High + 2*(Pivot – Low)
Resistance
2 = Pivot + (R1 – S1)

Resistance 1 = 2 * Pivot – Low
Pivot
Point = ( High + Close + Low )/3

Support 1 = 2 * Pivot – High
Support
2 = Pivot – (R1 – S1)

Support 3 = Low – 2*(High – Pivot)

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Pivots

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