Ultimate Pivot Points

Ultimate Pivot Levels indicator for MetaTrader 5

Ultimate_Pivot_Levels is versatile tool designed to enhance your trading experience by accurately plotting pivot levels on your charts. It allows entering your desired values manually or using well known pivot calculation methods to create pivot levels. It draws the levels in the background and allows you to customize levels, size and colors of areas, and it keeps your adjustments while extending the levels to every new bar. Whether you are a novice trader or a seasoned professional, this indicator provides the flexibility and precision you need to make informed trading decisions.

Key Features

1. Multiple Pivot Calculation Methods The Ultimate_Pivot_Levels  indicator supports various pivot calculation methods, allowing you to choose the one that best suits your trading strategy:

  • Manual Values: Input your custom pivot levels, or copy-paste from your desired channel or website
  • Standard Method: Classic pivot calculation based on the previous period’s high, low, and close prices.
  • Camarilla Method: A popular method known for its unique formula.
  • Woodie Method: A variation that gives more weight to the close price.
  • DeMark Method: A method developed by Tom DeMark, focusing on specific market conditions.
  • Fibonacci Method: Uses Fibonacci ratios for pivot levels.

 

2. Line and Rectangle Area Drawing The indicator allows you to draw either lines or rectangles on the pivot levels.The width and position of rectangles are then adjustable.

3. Customizable You can customize the color, style, and width of the rectangles to match your chart’s aesthetic. This level of customization ensures that your chart remains clean and easy to read. With the KeepUserAdjustedAreas feature, any manual adjustments you make to the pivot levels will be preserved, even if the timeframe changes. This ensures that your custom analysis remains intact.

4. Adjustable Timeframes The indicator can calculate pivot levels based on different timeframes, such as hourly, daily, or weekly. This flexibility allows you to analyze multiple timeframes and get a comprehensive view of the market.

4. Adjustable Time Zones: Since the Forex is a 24hr market there is an eternal debate on deciding at which time the open, the close, the high and the low from each 24-hour cycle should be taken to calculate pivot points. The majority of traders agree that the most accurate predictions are achieved when the pivot point is adjusted to the GMT or the Eastern (New York - EST) times. Here you can make such adjustments by setting Time Zone Adjustment

5. Multiple Pivot indicators: You can use multiple instances of Ulitmate_Pivots indicator on your chart to add more levels, or to keep track of multiple time frame pivots. For example add first instance based on D1 period and the second one based on H4 period.

6. Easy Integration The Ultimate_Pivot_Levels  indicator is designed to be easily integrated into your existing trading setup. Its intuitive input settings make it simple to configure and use.

 

Inputs and Customization

Input Parameters

  1. Pivot Calculation Method
    • MANUAL: Use manual values specified by the user.
    • STANDARD: Uses the standard pivot point calculation method.
    • FIBONACCI: Incorporates Fibonacci levels into the pivot point calculation.
    • CAMARILLA: Utilizes the Camarilla equation for more sensitive levels, ideal for intraday trading.
    • WOODIE: Applies Woodie's formula, placing more emphasis on the closing price of the previous period.
    • DEMARK: Features Tom DeMark's pivot points, focusing on recent price behaviors.
    • Description: Choose the method for calculating pivot points based on your trading strategy preferences.
  2. Draw Rectangles
    • Toggle to draw rectangles around pivot levels for better visualization. When set to false, pivot levels are indicated by lines.
  3. Rectangle Height
    • Adjust the height of the rectangles around the pivot levels. Larger values increase the rectangle's thickness, enhancing visibility but covering more chart space.
  4. Time Zone Adjustment:
    • NO_ADJUSTMENT: Uses local time to find High,Low,Close and Open of the previous period for pivot calculations.
    • NEW_YORK_EST: Adjusts the pivot calculation to align with the New York market hours (EST).
    • GMT: Adjusts the pivot calculation to Greenwich Mean Time (GMT).
    • Description:
  5. Pivot Period : Select the time frame(e.g., M1, M5, H1, H4, D1, W1) for which the High,Low,Close and Open  are obtained for pivot calculations. This choice determines the time span each pivot point covers.
  6. Keep User Adjusted Areas When enabled, any user modifications to pivot area boundaries (such as resizing of rectangles) are preserved across sessions and chart reloads, allowing for persistent custom settings.

The Ultimate_Pivot_Levels  indicator is a powerful tool for traders who rely on pivot levels for their trading strategies. Its flexibility, ease of use, and customization options make it a valuable addition to any trader’s toolkit. Download it now from the MetaTrader 5 Market and take your trading to the next level!

Please share your feedback and desired features in the comments or in the rating stars.


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4.89 (94)
Indicators
Each buyer of this indicator also receives the following for free: The custom utility "Bomber Utility", which automatically manages every trade, sets Stop Loss and Take Profit levels, and closes trades according to the rules of this strategy Set files for configuring the indicator for various assets Set files for configuring Bomber Utility in the following modes: "Minimum Risk", "Balanced Risk", and "Wait-and-See Strategy" A step-by-step video manual to help you quickly install, configure, and
Auto Optimized SpeedAngle
Davit Beridze
5 (1)
Indicators
Auto Optimized SpeedAngle is an institutional-grade momentum vectoring system that eliminates curve-fitting through continuous Walk-Forward Optimization (WFO). Rather than relying on static inputs that degrade when market regimes shift, the indicator dynamically recalibrates its parameters using Out-of-Sample (OOS) validation, ensuring the displayed signals represent genuine statistical edges rather than historical anomalies. By shifting the focus from subjective visual angles to normalized, qua
Volatility Master MT5
INTRAQUOTES
5 (2)
Indicators
Volatility Master for MetaTrader is a real-time dashboard tool that scans up to  50 symbols  to identify high-volatility , trending markets instantly. With bullish/bearish signals, customizable alerts, and a user-friendly interface, it helps you avoid range-bound conditions and focus on high-probability trades. Clarity leads to confidence. Trade confidently and protect your capital effectively with this powerful dashboard. We don't offer free or bonus indicators in exchange of reviews from you.
PZ Trend Trading MT5
PZ TRADING SLU
3.8 (5)
Indicators
Capture every opportunity: your go-to indicator for profitable trend trading Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whips
Power Candles MT5
Daniel Stein
4.58 (12)
Indicators
Power Candles - Self-Optimizing Strength Indicator Strength usually lives in a sub-window. The line runs below, the candle above, and your eye keeps connecting the two. Power Candles puts the strength into the candle itself, colored from dark red to dark green, so the chart reads at a glance and the sub-window stays closed. The indicator also finds its own settings for the symbol and timeframe in front of you. One click on [ Apply Best ] draws entry, Stop Loss and Take Profit at the exact prices
IQ FX Gann Levels MT5
INTRAQUOTES
Indicators
IQ FX Gann Levels a precision trading indicator based on W.D. Gann’s square root methods . It plots real-time, non-repainting support and resistance levels to help traders confidently spot intraday and scalping opportunities with high accuracy. William Delbert Gann (W.D. Gann) was an exceptional market analyst, whose trading technique was based on a complex blend of mathematics, geometry, astrology, and ancient mathematics which proved to be extremely accurate. We don't offer free or bonus indic
RelicusRoad Pro MT5
Relicus LLC
4.96 (24)
Indicators
RelicusRoad Pro: Quantitative Market Operating System 70% OFF LIFETIME ACCESS (LIMITED TIME) - JOIN 2,000+ TRADERS Why do most traders fail even with "perfect" indicators? Because they trade Single Concepts in a vacuum. A signal without context is a gamble. To win consistently, you need CONFLUENCE . RelicusRoad Pro is not a simple arrow indicator. It is a complete Quantitative Market Ecosystem . It maps the "Fair Value Road" price travels on, distinguishing between random noise and true structur
ATstrong
Zaha Feiz
5 (1)
Indicators
ATSTRONG PRO: Market Structure & Breakout Indicator Breakout Detection Engine | 5 Dynamic TP Targets | Live Dashboard Panel | Non-Repainting Introductory Price Current Price: $59 — The price increases by $10 after every 10 sales. ATSTRONG PRO is an advanced breakout and institutional market structure indicator engineered for MetaTrader 5. It detects high-probability swing pivots, identifies clustered support and resistance accumulation zones, and signals Break of Structure (BOS) and Character
PZ Divergence Trading MT5
PZ TRADING SLU
3.71 (7)
Indicators
Unlock hidden profits: accurate divergence trading for all markets Tricky to find and scarce in frequency, divergences are one of the most reliable trading scenarios. This indicator finds and scans for regular and hidden divergences automatically using your favourite oscillator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] Easy to trade Finds regular and hidden divergences Supports many well known oscillators Implements trading signals based on breakouts Displays
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Bijan Shj
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Bijan Shj 2024.05.25 23:43 
 

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