PZ Pivot Points MT5

Indicators
PZ TRADING SLU
Version: 4.0
Updated: 10 August 2019
Activations: 20

This indicator displays pivot points in the chart, including historical vales, and supports many calculation modes for Pivot Points and S/R levels.

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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:

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

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
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

Author

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

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