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PZ Pivot Points MT5

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
  • 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 8
Sergey Zhuravkov
2074
Sergey Zhuravkov 2021.01.09 19:53 
 

Пригодится

marlonjanser
32
marlonjanser 2020.10.26 21:56 
 

Muito bom! Estou usando e gostando!

wenkoman
14
wenkoman 2020.10.24 10:42 
 

Just tested for few days, but looks promising

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PWD 3
684
PWD 3 2020.01.10 14:26 
 

The best I found. Thanks!

RIZA DOEK
1619
RIZA DOEK 2020.05.15 20:37 
 

>Good . Thanks fro free!!

Valentin Butorin
3876
Valentin Butorin 2020.07.23 15:19 
 

User didn't leave any comment to the rating

Pitschi92
39
Pitschi92 2020.09.09 15:13 
 

Works very good, data are very close to the ones given in news. Thanks for the free indicator! Live long and prosper!

pihlik
14
pihlik 2020.10.09 13:35 
 

Very good indicator!!!

wenkoman
14
wenkoman 2020.10.24 10:42 
 

Just tested for few days, but looks promising

marlonjanser
32
marlonjanser 2020.10.26 21:56 
 

Muito bom! Estou usando e gostando!

Sergey Zhuravkov
2074
Sergey Zhuravkov 2021.01.09 19:53 
 

Пригодится

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Version 4.0 2019.08.10
- Added different PP calculation modes
- Added different SR calculation modes