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  • Recensioni (5)
  • Commenti (22)
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Custom Pivots

4.2

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 4. That's why I decided to create good and affordable Pivot Points indicator for MetaTrader 4. 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.
  • Ability to use multiple instances with different settings on the same chart.
  • Extensive options for visual customization.
  • 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 4. Simple professional tool which deserves to be in your toolbox.


Indicator settings

  • Push_Notifications - enable/disable.
  • Magic_ID - if you want to display 2 or more indicator instances on the same chart you have to set different id for each instance.
  • Hide_by_Default - hide or show the indicator by default.
  • Button_X, Button_Y - position of the button.
  • Button_Color.
  • Button_Text_Color.
  • Chart_Auto_Scale - enables/disables the automatic vertical chart scale.
  • Chart_Auto_Scale_Multiplier - ratio for the vertical chart scale.
  • Number_of_Periods - number of periods on which to draw pivot points. 1 means only the current period.
  • Time_Frame - time frame for the calculation of the indicator. You can set any time frame from M5 to Monthly.
  • Type - Select the type of calculation for the levels.
    • Standard - the classic formula.
    • Fibonacci - Fibonacci formula.
    • ATR - the Average True Range (20) is used for the calculation of the levels. For example R1=P+ATR*0.5; R2=P+ATR*1; R3=P+ATR*1.5;
    • Fixed - you can set fixed distances for the levels. The values are in points!
  • Show_Pivot_Levels - enables/disables the horizontal levels.
  • Colors of the levels.
  • Width of the levels.
  • Show_Period_Separators - enables/disables the vertical separators.
  • Color of the separators.
  • Show_Color_Shades - enables/disables the shaded areas between the levels.
  • Colors of the shades.
  • Show_Text_Info - enables/disables the text.
  • Font.
  • Font_Size.
  • Font_Color.
Recensioni 5
Razial187
1774
Razial187 2020.07.13 05:38 
 

Amazing indicator. Better than any pivot indicators out there. I love that you can use intraday with it. I wish it would alert you when specific levels were hit.

John Greydanus
566
John Greydanus 2018.08.05 01:39 
 

Thank you for this top notch and valuable tool.

I have one request though - can you also add the levels to 5 ?

Also, user adjustable levels for Fibonacci, say 0.786 is popular (not so important for me, using standard levels for now)

Very good tool and the price is worth it, once learn all the settings, it is excellent.

Update: still using this, not for the fancy colors, just for the price levels

But it really does need extra levels, as I said before 0.782, and then on to 1.382, 1.618 and 2.000

I use it on Weekly charts and there have been some wild swings, once price goes past R3 or S3 there is no way to gauge the relative move

Thanks, John

Francis K N Ho
487
Francis K N Ho 2017.08.23 05:11 
 

Thank you for this excellent and excellent value tool.

I have one request though - can you also add the mid-levels?

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STE S.S.COMPANY
4.73 (15)
Trend Line Map indicator is an addons for Trend Screener Indicator . It's working as a scanner for all signals generated by Trend screener ( Trend Line Signals ) . It's a Trend Line Scanner based on Trend Screener Indicator.  If you don't have Trend Screener Pro Indicator, the Trend Line Map Pro will not work. LIMITED TIME OFFER : Trend Line Map Indicator is available for only 50 $ and lifetime. ( Original price 125$ ) By accessing to our MQL5 Blog,  you can find all our premium indicators w
JULY OFFER 80% OFF next price for unlimited version will be 17000$. This is the only time you can get this institutional and professional indicator at this price for unlimited version. Don't dare to miss this. The tool I am about to introduce to you you can't compare it with other tools due to its strategy and accuracy level in predicting the next price directional movement . This tool is designed for serious traders who have decided to make a difference through trading. Be the next person to wi
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nota: questo indicatore e' per METATRADER4, se vuoi la versione per  METATRADER5 questo e' il link:  https://www.mql5.com/it/market/product/108123 TRENDMAESTRO ver 2.4 TRENDMAESTRO riconosce un nuovo TREND sul nascere, non sbaglia mai. La sicurezza di identificare un nuovo TREND non ha prezzo. DESCRIZIONE TRENDMAESTRO identifica un nuovo TREND sul nascere, questo indicatore prende in esame la volatilita' i volumi ed il momentum per identificare il momento in cui c'e' un'esplosione di uno 
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Pavel Zamoshnikov
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The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
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Daniel Stein
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Ricevi il tuo aggiornamento quotidiano sul mercato con dettagli e schermate tramite il nostro Morning Briefing qui su mql5 e su Telegram ! FX Volume è il PRIMO e UNICO indicatore di volume che fornisce una visione REALE del sentiment del mercato dal punto di vista del broker. Fornisce informazioni straordinarie su come gli operatori di mercato istituzionali, come i broker, sono posizionati sul mercato Forex, molto più velocemente dei rapporti COT. Vedere queste informazioni direttamente sul vo
Scopri il segreto per il trading Forex di successo con il nostro indicatore MT4 personalizzato! Ti sei mai chiesto come raggiungere il successo nel mercato Forex, guadagnando costantemente profitti minimizzando il rischio? Ecco la risposta che hai cercato! Permettici di presentare il nostro indicatore MT4 proprietario che rivoluzionerà il tuo approccio al trading. Versatilità unica Il nostro indicatore è appositamente progettato per gli utenti che preferiscono le formazioni di candele Ren
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Tsvetan Tsvetanov
5 (1)
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,
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Tsvetan Tsvetanov
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Take your trading to the next level with DFGX - our second generation Dynamic Fibonacci Grid. This new, powerful and easy to use application is specially designed and optimized for contrarian intraday trading, scalping and news trading on the Forex market. This system is the ideal solution for active professional traders and scalpers who are looking for innovative ways to optimize their strategy. The system also provides excellent opportunity for new traders who want to learn to trade in a syste
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The SDX Chart is a free additional indicator which can be used in combination with SDX Dashboard . Features Ability to review the history of each symbol and time frame. Ability to change symbols and time frames with one click. Works perfectly in combination with SDX Dashboard and helps you to understand the system better. Settings MA Period - number of periods for the calculation of the moving average and the standard deviation. Number of Bars - how far back to draw the indicator. Buttons Siz
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The Dynamic Fibonacci Grid Dashboard ( DFG-360 ) is a multi functional trading app designed for work primarily in the Forex market. The app combines several modules and tools into one complete trading system. The unique interface of the app is optimized for active day trading, scalping, news trading, short term trend following as well as counter trend and grid trading. Main features Advanced Multi Time Frame and Multi Market analysis. Quick and efficient position management. Semi-Automated tra
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Tsvetan Tsvetanov
4.89 (9)
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This indicator is using the Central Limit Theorem in combination with historical volatility and Fibonacci ratios in order to create unique type of chart tool called Projected Volatility Distribution. This tool allows you to perform highly accurate intraday technical analysis where in a split second you can detect overbought and oversold conditions as well as strong trends. In addition you have at your disposal multi-functional panel which shows signals in real time and gives you the ability to o
SDX Dashboard
Tsvetan Tsvetanov
SDX is our latest and most advanced dashboard for manual trading. The app is based on our proven grid platform and offers unique trading opportunities for both experienced and new traders. This unique combination of innovative tools is designed to simplify the trading process and to give you real advantage. The system is ideal for short term trend following, counter-trend trading and scalping on the Forex market. Main Features Ability to work simultaneously with 10 pairs from one screen. Abili
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Tsvetan Tsvetanov
2 (1)
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
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Tsvetan Tsvetanov
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
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Tsvetan Tsvetanov
4.5 (2)
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
FX28 Trader MT5
Tsvetan Tsvetanov
3 (1)
Presentazione del FX28 Trader Dashboard - Il tuo gestore di trading definitivo Scopri tutto il potenziale della tua esperienza di trading con il FX28 Trader Dashboard, un gestore di trading completo e intuitivo progettato per portare il tuo trading Forex a nuove vette. Che tu sia un trader esperto o stia iniziando il tuo percorso finanziario, questo potente strumento è stato sviluppato per semplificare le tue attività di trading e migliorare il processo decisionale. Caratteristiche principali:
Filtro:
Razial187
1774
Razial187 2020.07.13 05:38 
 

Amazing indicator. Better than any pivot indicators out there. I love that you can use intraday with it. I wish it would alert you when specific levels were hit.

yigtum
423
yigtum 2020.01.18 21:38 
 

NO ANSWERS.. THE SYSTEM İS WRONG.

John Greydanus
566
John Greydanus 2018.08.05 01:39 
 

Thank you for this top notch and valuable tool.

I have one request though - can you also add the levels to 5 ?

Also, user adjustable levels for Fibonacci, say 0.786 is popular (not so important for me, using standard levels for now)

Very good tool and the price is worth it, once learn all the settings, it is excellent.

Update: still using this, not for the fancy colors, just for the price levels

But it really does need extra levels, as I said before 0.782, and then on to 1.382, 1.618 and 2.000

I use it on Weekly charts and there have been some wild swings, once price goes past R3 or S3 there is no way to gauge the relative move

Thanks, John

Francis K N Ho
487
Francis K N Ho 2017.08.23 05:11 
 

Thank you for this excellent and excellent value tool.

I have one request though - can you also add the mid-levels?

pnutfx503
1524
pnutfx503 2017.08.10 18:49 
 

Very good tool and the price is worth it

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Versione 1.1 2017.11.14
Added push notifications.