Pivot Points
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For MetaTrader4 For MetaTrader5
FREE PIVOT POINTS INDICATOR FOR METATRADER

Multi-method pivot points indicator with historical levels

This indicator provides a powerful way to analyze market structure through pivot points, offering traders multiple formulas for both pivot and S/R level calculation. It plots current and historical levels with full visual customization, allowing for strategy testing, intraday planning, and multi-timeframe market analysis—all from one clean and adaptable tool.

  • Supports 8 different pivot point calculation formulas
  • Offers Classic, Woodie, and Camarilla S/R level formulas
  • Plots historical pivot levels for accurate backtesting and analysis
  • Lets you select the reference timeframe for multi-timeframe analysis
  • Includes optional mid-point levels and customizable visual settings
  • Fully adjustable colors, label visibility, and font sizes
  FAQ

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Description

This Pivot Points indicator gives traders an advanced and flexible tool to visualize price structure using tried-and-true pivot levels. Whether you are day trading, swing trading, or analyzing market zones for longer-term positions, pivot points remain one of the most reliable methods for identifying key support and resistance zones.

Unlike basic indicators that offer just one formula, this tool supports multiple pivot point calculation modes, so you can tailor its logic to your trading style. You can choose how the pivot point is derived—using close, open, high, and low combinations—and also decide how support and resistance levels are calculated by selecting from Classic, Woodie, or Camarilla formulas.

To enhance clarity and precision, the indicator also allows you to display historical pivot levels. This enables visual backtesting and validation of your strategy over previous days, weeks, or other timeframes—an essential feature for traders who rely on structure-based entries.

Pivot Point Calculation Modes

Classic Formula: Widely used, based on price extremes and pivot symmetry.

  • R4 = R3 + (High – Low)
  • R3 = R2 + (High – Low)
  • R2 = PP + (High – Low)
  • R1 = (2 * PP) – Low
  • S1 = (2 * PP) – High
  • S2 = PP – (High – Low)
  • S3 = S2 – (High – Low)
  • S4 = S3 – (High – Low)

Woodie Pivot Points: Places more weight on the closing price, useful for shorter timeframes.

  • R4 = R3 + (High – Low)
  • R3 = High + 2 * (PP – Low)
  • R2 = PP + (High – Low)
  • R1 = (2 * PP) – Low
  • S1 = (2 * PP) – HIGH
  • S2 = PP – (High – Low)
  • S3 = Low – 2 * (High – PP)
  • S4 = S3 – (High – Low)

Camarilla Pivot Points: Focuses on short-term mean reversion and intraday volatility.

  • R4 = PP + (High – Low) * 1.1/2
  • R3 = PP + (High – Low) * 1.1/4
  • R2 = PP + (High – Low) * 1.1/6
  • R1 = PP + (High – Low) * 1.1/12
  • S1 = PP – (High – Low) * 1.1/12
  • S2 = PP – (High – Low) * 1.1/6
  • S3 = PP – (High – Low) * 1.1/4
  • S4 = PP – (High – Low) * 1.1/2

Each method provides a unique structural outlook, allowing traders to experiment and discover which model best fits their strategy or market conditions.

Input Parameters

  • PP Calculation Mode: Select the desired pivot point formula
  • S/R Calculation Mode: Choose between Classic, Woodie, or Camarilla levels
  • Timeframe: Define the reference timeframe (e.g. daily, weekly)
  • Mid Points: Enable or disable midpoint levels between each S/R level
  • Display Labels: Toggle the visibility of level names and price tags
  • Color of S Levels: Choose custom color for support levels
  • Color of R Levels: Choose custom color for resistance levels
  • Color of P Level: Choose custom color for the central pivot level
  • Font Size: Adjust label text size for readability

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Frequently Asked Questions

It calculates and displays pivot points and their corresponding support and resistance levels directly on the chart. It also plots historical levels, enabling you to backtest strategies or analyze how price has reacted to these levels in the past.

Yes. The indicator plots historical pivot levels across candles so you can analyze how price has interacted with them over time. This is useful for backtesting or validating a strategy visually.

Yes. You can set a custom reference timeframe for the pivot point calculations. For example, use daily pivots on a 1-hour chart, or weekly pivots on a 4-hour chart, depending on your trading strategy.

Yes. You can enable or disable the display of midpoints between the main support and resistance levels in the settings.

Absolutely. You can change the colors of support, resistance, and pivot lines, adjust font size, and choose whether to display labels with level names and prices.

No. Pivot levels are calculated at the start of each new candle based on the chosen timeframe. Once set for that period, the levels do not change.

Yes. You can use this indicator on Forex, stocks, indices, commodities, and cryptocurrencies, and on any timeframe. Just be sure to match the pivot timeframe to your trading strategy.