• Overview
  • Reviews (14)
  • Comments (12)
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PZ Pivot Points

4.55

This indicator displays pivot points in the chart, including historical vales, and supports many calculation modes for Pivot Points and S/R levels.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • It plots historical levels for backtesting purposes
  • It allows you to select the reference timeframe
  • It implements different Pivot Point calculation modes
  • It implements different SR calculation modes
  • It implements customizable colors and sizes

Calculation Modes

The indicator implements different calculation modes for the pivot point.
  • (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

It also implements many different calculation modes for SR Levels:

  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

Input Parameters

  • PP Calculation Mode: Select the Pivot Points calculation mode desired
  • S/R Calculation Mode: Select the SR calculation mode desired
  • Timeframe: Choose the timeframe to calculate pivot points from
  • Mid Points: Display or hide mid points between SR levels
  • Display Labels: Display or hide name and price labels
  • Color of S levels: Color of support levels
  • Color of R levels: Color of resistance levels
  • Color of P level: Color of pivot point levels
  • Font size: Font size for name and price labels

Support

I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Reviews 14
John Winsome Munar
3890
John Winsome Munar 2022.06.14 19:54 
 

Useful indicator

kuriimoh
14
kuriimoh 2021.08.21 17:51 
 

It's free but very useful for day trade.

Gavriil Mikhailov
47
Gavriil Mikhailov 2021.08.20 08:18 
 

Отличный индикатор

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Filter:
John Winsome Munar
3890
John Winsome Munar 2022.06.14 19:54 
 

Useful indicator

beto_gauer
528
beto_gauer 2021.12.26 13:33 
 

User didn't leave any comment to the rating

kuriimoh
14
kuriimoh 2021.08.21 17:51 
 

It's free but very useful for day trade.

Gavriil Mikhailov
47
Gavriil Mikhailov 2021.08.20 08:18 
 

Отличный индикатор

ayzwan2011
14
ayzwan2011 2021.07.10 05:03 
 

very nice.. really like it... it's part of my setup now...

Houmam Al-Ghraoui
18
Houmam Al-Ghraoui 2021.04.23 22:58 
 

it's very good and helpful but the extended (continuous) solid lines are very disturbing on the chart especially when using higher frames. the higher you go, the more disturbing the lines become! i used to use market info and sessions application which used to come with thin, dotted and short lines. if you can adjust the appearance of the lines to be similar to that, it would be really perfect. thanks anyways.

PZ TRADING SLU
1152414
Reply from developer Arturo Lopez Perez 2021.05.18 23:38
You can adjust the lines in inputs, buffers tab. Please check. Then save a template.
adnanadnan
838
adnanadnan 2021.04.10 14:12 
 

deleted

richard1979
150
richard1979 2021.03.25 03:37 
 

Very helpful to understand point for support and resistance.

Lưu Danh
23
Lưu Danh 2021.02.03 10:01 
 

it's good, but it would be better if they make it more simple for the chart

Jesus Torres Parraga
946
Jesus Torres Parraga 2021.01.23 16:33 
 

That's the best support and resistance tool on the market!

sheltongw
125
sheltongw 2020.11.11 00:25 
 

Very helpful, I use it to trade candlestick pin bars and hammers off of pivot points for profit.

Valentin Butorin
4092
Valentin Butorin 2020.10.03 13:05 
 

Спасибо за индикатор

Csaba Zoltan Jonas
180
Csaba Zoltan Jonas 2020.09.25 09:24 
 

Me gusta mucho, el mercado muchas veces se respeta.

Corneliu Raileanu
212
Corneliu Raileanu 2020.01.11 13:29 
 

User didn't leave any comment to the rating

Reply to review
Version 4.0 2019.08.10
- Added mid points
- Added price labels
- Added different calculation modes for 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

- Added different calculation modes for SR
> 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)
> 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)
> 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


Version 2.0 2016.08.19
- Added mid points calculations