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Pivot Points Indicator

Pivot Points Indicator

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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)
pivot-points-indicator-input-parameters

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.
  • MT4 Demo v1.01
  • MT4 Full v1.05

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