Golang : Calculate pivot points for a cross



Tags : golang forex-trading pivot-points support resistance price

As a habit, before I get into a trade position, I will always double check the target cross' pivot points. At minimum, I would like to know the Support and Resistance Level 1. This would help me to evaluate whether the trade position that I'm about to take make sense or not. For instance, if a trade position is near to Support Level 1....it doesn't make sense to take a short position.

Below is a code example on how to calculate the pivot points and the pivot points data can be very useful in tweaking a trading bot.

Here you go!


 package main

 import (
  "fmt"

  "github.com/awoldes/goanda"
 )

 func main() {

  oandaAccountID := ""
  oandaAPIKey := ""

  // set the NewConnection 3rd parameter to [false] to use DEMO account.
  // [true] for LIVE account

  UsingLIVEAccount := false // set false to use https://api-fxpractice.oanda.com
  oanda := goanda.NewConnection(oandaAccountID, oandaAPIKey, UsingLIVEAccount)

  fmt.Println("Calculating pivot points for NZD-JPY")
  GetPivots(oanda, "NZD_JPY") // make sure to use underscore instead of hypen!

  fmt.Println("Calculating pivot points for NZD-USD")
  GetPivots(oanda, "NZD_USD") // make sure to use underscore instead of hypen!

 }

 //--------------------------------------------------------------------------------------------------------

 func GetPivots(oanda *goanda.OandaConnection, cross string) {

  data := oanda.GetCandles(cross, "2", "D") // H1 = 1 hour, D = 1 Day

  high := data.Candles[0].Mid.High
  low := data.Candles[0].Mid.Low
  close := data.Candles[0].Mid.Close
  current := GetPrice(oanda, cross)

  pivot := (high + low + close) / 3
  rangeHL := high - low
  resistance1 := 2*pivot - low
  resistance2 := pivot + rangeHL
  resistance3 := resistance1 + rangeHL

  support1 := 2*pivot - high
  support2 := pivot - rangeHL
  support3 := support1 - rangeHL

  fmt.Println(cross)
  fmt.Println("Current Price : ", current)
  fmt.Println("High : ", high)
  fmt.Println("Low : ", low)

  fmt.Println("Range : ", rangeHL)

  fmt.Println("Resistance 1 : ", resistance1)
  fmt.Println("Resistance 2 : ", resistance2)
  fmt.Println("Resistance 3 : ", resistance3)

  fmt.Println("Support 1 : ", support1)
  fmt.Println("Support 2 : ", support2)
  fmt.Println("Support 3 : ", support3)
 }

 func GetPrice(oanda *goanda.OandaConnection, cross string) float64 {
  instrument := cross
  priceResponse := oanda.GetInstrumentPrice(instrument)

  return priceResponse.Prices[0].Bids[0].Price
 }

Example output:

Calculating pivot points for NZD-JPY

NZD_JPY

Current Price : 75.804

High : 76.092

Low : 75.5

Range : 0.5919999999999987

Resistance 1 : 75.99066666666667

Resistance 2 : 76.33733333333333

Resistance 3 : 76.58266666666667

Support 1 : 75.39866666666667

Support 2 : 75.15333333333334

Support 3 : 74.80666666666667

Calculating pivot points for NZD-USD

NZD_USD

Current Price : 0.67877

High : 0.68016

Low : 0.67533

Range : 0.004830000000000001

Resistance 1 : 0.6796233333333335

Resistance 2 : 0.6823066666666667

Resistance 3 : 0.6844533333333335

Support 1 : 0.6747933333333335

Support 2 : 0.6726466666666667

Support 3 : 0.6699633333333335

Reference :

https://www.mql5.com/en/code/8685

  See also : Golang : Find correlation coefficient example



Tags : golang forex-trading pivot-points support resistance price

By Adam Ng(黃武俊)

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