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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
  • Jun 13, 2017

  • Update: Minor update in Full version
  • Initial release of the MT4 Demo version
  • Sep 20, 2016

  • Added: Indicator Buffers to make a EA based on it
  • Jun 8, 2016

  • Added: “Ignore Weekend Gap”. This will allow you to show the Pivot Points on Monday in the Daily and Hourly mode
  • Mar 11, 2016

  • Initial release of the MT4 version

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16 thoughts on “Pivot Points indicator”

  1. Sally Underwood says:

    Hi Yannick – would it be possible to calculate daily pivots on indices using a workaround? I would like to calculate daily pivots based on prices between 10:00 and 19:30 (i.e. cash trading hours for Dax & FTSE) metatrader time. Would I be able to do that?

    1. Yannick says:

      You can only set full hours like 10:00 and 19:00.

      1. Sally says:

        Great – that will work as I can use points based on the futures session for the Dax

  2. syed Mahmood says:

    Can you develop 6 month, quarterly, and yearly pivot point indicator?

    1. Yannick says:

      I do not consider adding it.

  3. Faizal says:

    Hi,
    Do you have pivot points indicator using DeMark’s calculation formular?

    Thanks

    1. Yannick says:

      No, but I can include it of you send it to me.

  4. Aaron says:

    Hi. Few Qs.
    1. Although you mention only 3, does this PP indi include Floor trader pivots and Demark’s pivots also in addition to the above?
    2. Does it include yearly, monthly, weekly and daily pivots and 4 hourly pivots in all the pivot types?
    3. Can one overly all of them with different colors? ie Floor trader pivots …Y (red), M (brown), W(blue), D(green) etc. on a single MT4 chart?
    4. is the writing for the pivot lines on the side on all the types of PPs so not to obscure the chart?

    1. Yannick says:

      1. No only the 3. Can you please send me the doc of the 2 you mentioned?
      2. Yes
      3. Floor trader pivots are not included, so I do not know the Y, M W and D :/
      4. I’m not sure what you mean.

      But I can send you a demo version if you want?
      https://quivofx.com/support/contact-form/

  5. Giuseppe Gervasi says:

    hello, I would like if you could develop an EA of pivot point

    1. Yannick says:

      I will make one. Not sure when, but I will.

  6. Giuseppe Gervasi says:

    When using format daily, Monday morning does not work, work only: Tuesday, Wednesday, Thursday and Friday. But Monday dose not show the pivot of last friday.

    1. Yannick says:

      This is because of the Weekend Gap. I have added a new parameter where you can turn this on or off. Please download the new version in your account.

      1. Giuseppe Gervasi says:

        thank you so much

  7. Anne says:

    When purchasing any of your robots do you offer set files and support trading.

    Like a chat room where traders discuss and share setups.

    1. Yannick says:

      I do not provide any settings. I do have a forum where users can share their settings, but there is not much activity. Feel free to open a new topic in the forum.

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