Pivot Points Indicator

About the Pivot Points indicator

The Pivot Points indicator shows you hourly, daily, weekly or monthly pivot points and support and resistance levels.

You can choose between 8 different methods to calculate the Pivot Points and between 3 different formula for the support and resistance levels (R1-R4 & S1-S4).

Input parameters for the Pivot Points indicator

• Pivot Points (Choose the calculation for the Pivot Points)
  • (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
• Support & Resistance Level (Choose the formula for the support & resistance levels)
  • Classic Formula
  • Woodie Pivot Points
  • Camarilla Pivot Points
• Time Period
  • Hourly
  • Daily
  • Weekly
  • Monthly
• Start Hour (for the Hourly Time Period only)
• End Hour (for the Hourly Time Period only)

The formulas in detail

1. 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)
2. 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)
3. 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

About the Demo Version

The demo version works only on EURUSD. You can change all parameters except the "Pivot Point" and "Support & Resistance Level".

iCustom function (for developers)

You can easily make an EA based on this Pivot Points indicator with its 9 buffers. 0-3 for the Resistance Price, 4 Pivot Points, 5-8 for the Support Prices.

More about the Pivot Points Indicator

• You can install the Pivot Points Indicator on limitless demo and live accounts.
• The license of every Metatrader Indicator you download is time limited, but you can re-download newer versions any time in your purchase history.