Pivot Points 4.0

Metatrader Indicator (MT4/MT5)

  • Overview

    This indicator displays pivot points in the chart and supports many calculation modes for Pivot Points and S/R levels

    • It plots historical levels for backtesting purposes
    • It allows you to select the reference timeframe
    • It implements different Pivot Point calculation modes
    • It implements different SR calculation modes
    • It implements customizable colors and sizes

    Pivot Point calculation modes

    • (H+L+C)/3
    • (H+L+O)/3
    • (H+L+C+O)/4
    • (H+L+C+C)/4
    • (H+L+O+O)/4
    • (H+L)/2
    • (H+C)/2
    • (L+C)/2

    SR Levels calculation modes

    Classic Formula:

    • 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:

    • 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:

    • 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
  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    PP Calculation Mode
    Select the Pivot Points calculation mode desired
    S/R Calculation Mode
    Select the SR calculation mode desired
    Timeframe
    Choose the timeframe to calculate pivot points from
    Mid Points
    Display or hide mid points between SR levels
    Color of S levels
    Color of support levels
    Color of R levels
    Color of resistance levels
    Color of P level
    Color of pivot point levels
    Font size
    Font size for name and price labels
  • ? FAQ
    Does the indicator repaint?
    No, the indicator never repaints.
    Can I hide the historical pivot points?
    No, the indicator displays historical pivot points as well for backtesting purposes.
  • Comments

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Screenshots

Pivot Points Indicator for Metatrader
Pivot Points Indicator for Metatrader
Pivot Points Indicator for Metatrader