PivotPoints indicator calculates and displays monthly, weekly and daily support and resistance levels. It also warns when the price approaches the Pivot levels. Pivot points are potential reversal levels used by banks and financial institutions. They are the basis of most kinds of the technical analysis.
The indicator can calculate Pivot levels using the following methods:
- De Mark.
- РР - central Pivot level.
- S - support level.
- R - resistance level.
- Method - Pivot levels calculation method:
- De Mark.
- Show monthly levels - show/hide monthly levels;
- Show weekly levels - show/hide weekly levels;
- Show daily levels - show/hide daily levels;
- Allow showing the message - enable displaying messages
- Enable sound notification - enable sound notifications.
- The name of the sound file - the sound file name. Only WAV sound files are played. If the field is empty, standard indicator sound is played. The file must be placed to:
- in terminal_directory\Sounds or its subdirectory.
- in terminal_data_directory\MQL5\Files or its subdirectory.
- Offset point for Alerts, pips - activate the notification at a specified amount of points before the level is reached.
- Offset point for clearing Alerts, pips - "reset" the notification after a specified amount of points.
SSH-Ind-ProfessionalPivots This indicator automatically draws important Daily/Weekly/Monthly Pivot levels in MT4 terminal using the most popular methods and also predicts next Day/Week/Months pivot levels with various options for color and size management and text forms. You can find more about pivot points on web. Features Supports All Pivot types : Classic / Woodie / Camarilla / Fibonacci / Demark Supports the most important pivot reference time frames : Daily/ Weekly / Monthly Has the abil
This is a pivot points indicator with multiple calculation methods. Main features Speed up by disabling labels option. To enhance interactive speed of all indicators, reduce the chart history size. Calculates pivot levels on 1, 4 and 24-hour periods. Change the period calculation time shift by 1-hour steps. Calculates up to 21 pivot levels using most methods (some methods have a fixed number of levels). EA friendly (all the levels are drawn by buffers). Inputs General settings: Pivot Point S
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Description Pivot Pro is a universal color indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old , Standard New and Fibo . The system will automatically calculate the Pivot Point on the basis of market data for the previous day ( PERIOD_D1 ) and the system of support and resistance levels, three in each. It can also display price tags for each level. You can color the indicator lines. Only a method of calculation of the third level of supp
In the stock market technical analysis, support and resistance is a concept that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels. Support and resistance levels can be identified on any timeframe. However, the most significant ones are found on the higher time frames, such as daily, weekly, and monthly. This indicator using the weekly OHLC data to identify the relevant levels. This is a support and resistance indicator.
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Pivot Point Trader will show the pivot levels for daily, weekly or monthly charts including the mid pivot levels. Also there is an option to show high, low and close levels of the previous day, week or month for if we want these levels instead. The pivots are based on the basic pivot calculation: Resistance Level R3: R1 + (High - Low) Resistance Level R2: Pivot + (High - Low) Resistance Level R1: 2 x Pivot - Low PIVOT: (High + Low + Close) / 3 S1: 2 x Pivot - High S2: Pivot - (High - Low) S3: S1
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