Market / MetaTrader 4 / Indicators /

Custom Pivots

30 USD

Demo downloaded: 609

Published: 7 July 2017

Current version: 1.1

Custom Pivots

Indicators
Tsvetan Tsvetanov
Version: 1.1
Updated: 14 November 2017
Activations: 8

Pivot Points were originally used by floor traders to set key levels. Floor traders are the original day traders. They deal in a very fast moving environment with a short-term focus. At the beginning of the trading day, floor traders would look at the previous day's high, low and close to calculate a Pivot Point for the current trading day. With this Pivot Point as the base, further calculations were used to set support 1, support 2, resistance 1 and resistance 2. These levels would then be used to assist their trading throughout the day.

Pivot Points are one of the simplest and oldest tools for technical analysis. Today traders from all over the world successfully incorporate Pivot Points in their strategies. However, this popular professional tool is not included by default in MetaTrader 4. That's why I decided to create good and affordable Pivot Points indicator for MetaTrader 4. This indicator offers wide range of options for personal customization.

Main features

Multiple types of calculation for the levels.
Automatic vertical scaling of the chart with adjustable scaling ratio.
Adjustable time frames.
Ability to use multiple instances with different settings on the same chart.
Extensive options for visual customization.
Push notifications.
Quick button to temporarily hide or show the indicator.
The indicator works in the strategy tester.

In short, this is one of the best Pivot Points indicators available for MetaTrader 4. Simple professional tool which deserves to be in your toolbox.

Indicator settings

Push_Notifications - enable/disable.
Magic_ID - if you want to display 2 or more indicator instances on the same chart you have to set different id for each instance.
Hide_by_Default - hide or show the indicator by default.
Button_X, Button_Y - position of the button.
Button_Color.
Button_Text_Color.
Chart_Auto_Scale - enables/disables the automatic vertical chart scale.
Chart_Auto_Scale_Multiplier - ratio for the vertical chart scale.
Number_of_Periods - number of periods on which to draw pivot points. 1 means only the current period.
Time_Frame - time frame for the calculation of the indicator. You can set any time frame from M5 to Monthly.

Type - Select the type of calculation for the levels.
- Standard - the classic formula.
- Fibonacci - Fibonacci formula.
- ATR - the Average True Range (20) is used for the calculation of the levels. For example R1=P+ATR*0.5; R2=P+ATR*1; R3=P+ATR*1.5;
- Fixed - you can set fixed distances for the levels. The values are in points!

Show_Pivot_Levels - enables/disables the horizontal levels.
Colors of the levels.
Width of the levels.

Show_Period_Separators - enables/disables the vertical separators.
Color of the separators.

Show_Color_Shades - enables/disables the shaded areas between the levels.
Colors of the shades.

Show_Text_Info - enables/disables the text.
Font.
Font_Size.
Font_Color.

more...

1974

Razial187 2020.07.13 05:38 #

Amazing indicator. Better than any pivot indicators out there. I love that you can use intraday with it. I wish it would alert you when specific levels were hit.

598

John Greydanus 2018.08.05 01:39 #

Thank you for this top notch and valuable tool.

I have one request though - can you also add the levels to 5 ?

Also, user adjustable levels for Fibonacci, say 0.786 is popular (not so important for me, using standard levels for now)

Very good tool and the price is worth it, once learn all the settings, it is excellent.

Update: still using this, not for the fancy colors, just for the price levels

But it really does need extra levels, as I said before 0.782, and then on to 1.382, 1.618 and 2.000

I use it on Weekly charts and there have been some wild swings, once price goes past R3 or S3 there is no way to gauge the relative move

Thanks, John

558

Francis K N Ho 2017.08.23 05:11 #

Thank you for this excellent and excellent value tool.

I have one request though - can you also add the mid-levels?

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Take your trading to the next level with DFGX - our second generation Dynamic Fibonacci Grid. This new, powerful and easy to use application is specially designed and optimized for contrarian intraday trading, scalping and news trading on the Forex market. This system is the ideal solution for active professional traders and scalpers who are looking for innovative ways to optimize their strategy. The system also provides excellent opportunity for new traders who want to learn to trade in a syste

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Graphical representation of the intraday currency strength. The calculation is based on 28 pairs. The values are tracked from the starting time of the daily candle up to the current time. This indicator originally was created as complimentary tool for FX28 Trader dashboard. Now you can use it for free. The indicator has multiple settings for customization and you can also link it directly to the FX28 Trader chart control system. Note! This indicator does not work in the Strategy Tester. To t

FREE

The SDX Chart is a free additional indicator which can be used in combination with SDX Dashboard . Features Ability to review the history of each symbol and time frame. Ability to change symbols and time frames with one click. Works perfectly in combination with SDX Dashboard and helps you to understand the system better. Settings MA Period - number of periods for the calculation of the moving average and the standard deviation. Number of Bars - how far back to draw the indicator. Buttons Size

FREE

The DFG Chart Indicator displays the historical DFG levels used in the DFG dashboard. These levels are generated dynamically using moving averages and Fibonacci ratios. The Fibonacci Bands automatically adjust to reflect changes in the price range and trend direction. The indicator also features buttons for selecting chart symbol and timeframe, along with a wide range of customization options. Key Features Dynamic DFG Levels Automatically calculated using moving averages and Fibonacci ratios. H

FREE

The Dynamic Fibonacci Grid Dashboard ( DFG-360 ) is a multi functional trading app designed for work primarily in the Forex market. The app combines several modules and tools into one complete trading system. The unique interface of the app is optimized for active day trading, scalping, news trading, short term trend following as well as counter trend and grid trading. Main features Advanced Multi Time Frame and Multi Market analysis. Quick and efficient position management. Semi-Automated trad

99 USD

The Custom Market Watch ( CMW ) is a professional grade trading application which allows you to operate effortlessly with large number of symbols and multiple open positions simultaneously from one chart. The Custom Market Watch shows the most essential daily technical information for each symbol in combination with very simple and easy to use trading interface where you can monitor the net exposure for each symbol and you can open and close positions with one click. The app is automatically syn

59 USD

This indicator shows the current RSI values for multiple symbols and multiple timeframes and allows you to switch between timeframes and symbols with one click directly from the matrix. With this indicator, you can analyze large number of symbols across multiple timeframes and detect the strongest trends in just a few seconds. Features Shows RSI values for multiple symbols and timeframes simultaneously. Colored cells with progressive color intensity depending on the RSI values. Ability to chang

30 USD

This indicator is using the Central Limit Theorem in combination with historical volatility and Fibonacci ratios in order to create unique type of chart tool called Projected Volatility Distribution. This tool allows you to perform highly accurate intraday technical analysis where in a split second you can detect overbought and oversold conditions as well as strong trends. In addition you have at your disposal multi-functional panel which shows signals in real time and gives you the ability to o

49 USD

SDX is our latest and most advanced dashboard for manual trading. The app is based on our proven grid platform and offers unique trading opportunities for both experienced and new traders. This unique combination of innovative tools is designed to simplify the trading process and to give you real advantage. The system is ideal for short term trend following, counter-trend trading and scalping on the Forex market. Main Features Ability to work simultaneously with 10 pairs from one screen. Abilit

99 USD

This indicator displays Bollinger Bands signals for multiple symbols and multiple time frames. The signals are created as a simple ratios which represent the distance between the current price and the moving average measured in standard deviations. This way we create a very versatile and easy to use indicator which helps us to identify not only the strongest trends but also the most overbought and oversold conditions. Features Accurate signals in real time for multiple time frames and multiple

48 USD

This indicator is based on the classic Pivot Points concept combined with additional optimizations and advanced features. The levels of support and resistance are calculated by taking into account the average historical volatility. The added multi-symbol scanner allows you to detect the best conditions and trade setups. You can see in real time the current situation for all of your favorite symbols and you can switch the chart to any symbol with one click. The build in alert system allows you

49 USD

This indicator allows you to analyze the hidden trends and correlations between the 8 most traded currencies via unique strength meter which creates multiple charts in a single window based on the price action of each currency in relation to all other currencies. The indicator also includes interactive panel where you can see the trends for all 28 pairs as well as the distance to the highest and the lowest price for the selected period. With this panel you can switch between currency pairs with

89 USD

Introducing the FX28 Trader Dashboard – Your Ultimate Trade Manager Unlock the full potential of your trading experience with the FX28 Trader Dashboard, a comprehensive and intuitive trade manager designed to elevate your Forex trading to new heights. Whether you're a seasoned trader or just starting on your financial journey, this powerful tool is engineered to streamline your trading activities and enhance your decision-making process. Key Features: User-Friendly Interface: The FX28 Trader Da

139 USD

30 USD

Pivots Points are significant levels traders can use to determine directional movement, support and resistance. Pivot Points use the prior period's high, low and close to formulate future support and resistance. In this regard, Pivot Points are predictive and leading indicators. Pivot Points were originally used by floor traders to set key levels. Floor traders are the original day traders. They deal in a very fast moving environment with a short-term focus. At the beginning of the trading day,

30 USD

139 USD

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1974

Razial187 2020.07.13 05:38 #

Amazing indicator. Better than any pivot indicators out there. I love that you can use intraday with it. I wish it would alert you when specific levels were hit.

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yigtum 2020.01.18 21:38 #

NO ANSWERS.. THE SYSTEM İS WRONG.

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John Greydanus 2018.08.05 01:39 #

Thank you for this top notch and valuable tool.

I have one request though - can you also add the levels to 5 ?

Also, user adjustable levels for Fibonacci, say 0.786 is popular (not so important for me, using standard levels for now)

Very good tool and the price is worth it, once learn all the settings, it is excellent.

Update: still using this, not for the fancy colors, just for the price levels

But it really does need extra levels, as I said before 0.782, and then on to 1.382, 1.618 and 2.000

I use it on Weekly charts and there have been some wild swings, once price goes past R3 or S3 there is no way to gauge the relative move

Thanks, John

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Francis K N Ho 2017.08.23 05:11 #

Thank you for this excellent and excellent value tool.

I have one request though - can you also add the mid-levels?

1533

pnutfx503 2017.08.10 18:49 #

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