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Custom Pivots MT5

30 USD

Demo downloaded: 410

Published: 14 November 2018

Current version: 1.0

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Overview
Reviews (1)
Comments (6)

Custom Pivots MT5

5

Indicators
Tsvetan Tsvetanov
Version: 1.0
Activations: 6

Pivots Points are significant levels traders can use to determine directional movement, support and resistance. Pivot Points use the prior period's high, low and close to formulate future support and resistance. In this regard, Pivot Points are predictive and leading indicators.

Pivot Points were originally used by floor traders to set key levels. Floor traders are the original day traders. They deal in a very fast moving environment with a short-term focus. At the beginning of the trading day, floor traders would look at the previous day's high, low and close to calculate a Pivot Point for the current trading day. With this Pivot Point as the base, further calculations were used to set support 1, support 2, resistance 1 and resistance 2. These levels would then be used to assist their trading throughout the day.

Pivot Points are one of the simplest and oldest tools for technical analysis. Today traders from all over the world successfully incorporate Pivot Points in their strategies. However, this popular professional tool is not included by default in MetaTrader 5. That's why I decided to create good and affordable Pivot Points indicator for MetaTrader 5. This indicator offers wide range of options for personal customization.

Main Features

Multiple types of calculation for the levels.
Automatic vertical scaling of the chart with adjustable scaling ratio.
Adjustable time frames.
Extensive options for visual customization.
Alerts and Push notifications.
Quick button to temporarily hide or show the indicator.
The indicator works in the strategy tester.

In short, this is one of the best Pivot Points indicators available for MetaTrader 5. Simple professional tool which deserves to be in your toolbox.

Indicator Settings

Main Settings

Time Frame.
Periods - number of time frame periods.
Type - type of calculation. (Standard, Fibonacci, Volatility Adjusted, Fixed)
Chart Auto Set - automatic chart configuration.
Chart Scale Multiplier - vertical chart scaling.
Buttons Settings and colors.

Alerts Settings

Enable/disable alerts for different levels.

Pivot Levels

Show Pivot Levels - true/false.
Colors and Width settings.

Period Separators

Show Period Separators - true/false.
Color.

Color Shades

Show Color Shades - true/false.
Colors.

Text Info

Show Text Info - true/false.
Font.
Font Size.
Font Color.

If you have some questions or if you need help, contact me via Private Message.

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1774

Razial187 2020.10.01 22:25 #

Amazing indicator. The best pivot indicator I've found so far. All it needs is the ability to select higher time frames like quarterly and yearly. I highly recommend this indicator

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This indicator displays Bollinger Bands signals for multiple symbols and multiple time frames. The signals are created as a simple ratios which represent the distance between the current price and the moving average measured in standard deviations. This way we create a very versatile and easy to use indicator which helps us to identify not only the strongest trends but also the most overbought and oversold conditions. Features Accurate signals in real time for multiple time frames and multiple

This indicator is based on the classic Pivot Points concept combined with additional optimizations and advanced features. The levels of support and resistance are calculated by taking into account the average historical volatility. The added multi-symbol scanner allows you to detect the best conditions and trade setups. You can see in real time the current situation for all of your favorite symbols and you can switch the chart to any symbol with one click. The build in alert system allows you

This indicator allows you to analyze the hidden trends and correlations between the 8 most traded currencies via unique strength meter which creates multiple charts in a single window based on the price action of each currency in relation to all other currencies. The indicator also includes interactive panel where you can see the trends for all 28 pairs as well as the distance to the highest and the lowest price for the selected period. With this panel you can switch between currency pairs with

This indicator shows the current RSI values for multiple symbols and multiple timeframes and allows you to switch between timeframes and symbols with one click directly from the matrix. With this indicator, you can analyze large number of symbols across multiple timeframes and detect the strongest trends in just a few seconds. Features Shows RSI values for multiple symbols and timeframes simultaneously. Colored cells with progressive color intensity depending on the RSI values. Ability to chan

Introducing the FX28 Trader Dashboard – Your Ultimate Trade Manager Unlock the full potential of your trading experience with the FX28 Trader Dashboard, a comprehensive and intuitive trade manager designed to elevate your Forex trading to new heights. Whether you're a seasoned trader or just starting on your financial journey, this powerful tool is engineered to streamline your trading activities and enhance your decision-making process. Key Features: User-Friendly Interface: The FX28 Trader Da

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Razial187 2020.10.01 22:25 #

Amazing indicator. The best pivot indicator I've found so far. All it needs is the ability to select higher time frames like quarterly and yearly. I highly recommend this indicator