• Overview
  • Reviews (1)
  • Comments (1)

Custom Pivots MT5

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, 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 5. That's why I decided to create good and affordable Pivot Points indicator for MetaTrader 5. 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.
  • Extensive options for visual customization.
  • Alerts and 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 5. Simple professional tool which deserves to be in your toolbox.

Indicator Settings

  • Main Settings
    • Time Frame.
    • Periods - number of time frame periods.
    • Type - type of calculation. (Standard, Fibonacci, Volatility Adjusted, Fixed)
    • Chart Auto Set - automatic chart configuration.
    • Chart Scale Multiplier - vertical chart scaling.
    • Buttons Settings and colors.
  • Alerts Settings
  • Enable/disable alerts for different levels.

  • Pivot Levels
  • Show Pivot Levels - true/false.
  • Colors and Width settings.
  • Period Separators
  • Show Period Separators - true/false.
  • Color.
  • Color Shades
  • Show Color Shades - true/false.
  • Colors.
  • Text Info
  • Show Text Info - true/false.
  • Font.
  • Font Size.
  • Font Color.


If you have some questions or if you need help, contact me via Private Message.


Reviews 1
Razial187
211
Razial187 2020.10.01 22:25 
 

Amazing indicator. The best pivot indicator I've found so far. All it needs is the ability to select higher time frames like quarterly and yearly. I highly recommend this indicator

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BlueDigitsFx Easy 1 2 3 System MT5
Ziggy Janssen
!! 50 % OFF - BLACK FRIDAY SALE !! *All In One System Indicator, Breakthrough solution for any Newbie or Expert Trader ! Message Me Immediately After Purchase For Installation Help and V.I.P Access With Additional Strategies BlueDigitsFx Explains How To Use The System In Detail :  https://youtu.be/fIOWwWuE5ZQ BlueDigitsFx's Easy 1 2 3 System is an all in 1 Indicator with a variety of options to work with. Telegram Channel & Group  here Performs Amazingly with a Market Base Line for exa
49 USD
Resistance and Support Zones MTF for MT5
Pavel Zamoshnikov
The indicator automatically builds Support/Resistance levels (Zones) from different timeframes on one chart. Support-resistance levels are horizontal lines. As a rule, the market does not respond to a specific price level, but to a price range around the level, because demand and supply of market participants are not formed clearly on the line, but are “spread out” at a certain distance from the level. This indicator determines and draws precisely such a price range within which strong pos
40 USD
Harmonic ABCD Monitor MT5
Mihail Matkovskij
Multi-currency, multi-timeframe, harmonic pattern indicator AB = CD. Supports sending push notifications about signals to a mobile device, messages on e-mail, as well as messages using alerts on all available currency pairs and timeframes. This indicator was based on the indicator Harmonic ABCD Universal. Version for MetaTrader 5:  https://www.mql5.com/en/market/product/44972 . See also: Harmonic ABCD Universal for MetaTrader 4 . Using modern software development methods has made the indicator a
230 USD
Harmonic ABCD Universal MT5
Mihail Matkovskij
The indicator for trading on the signals of the harmonic pattern AB=CD. It gives signals and shows the levels of entry into the market, as well as levels for placing stop orders, which allows the trader to make timely decisions on entering the market, as well as effectively manage positions and orders. It supports sending push notifications to a mobile device, e-mail, as well as alerts. This indicator has been ported from the version for MetaTrader 4. For more information, as well as a detailed
99 USD
Currency Strength Meter Pro for MT5
ALEKSANDR SHUKALOVICH
Currency Strength Meter is the easiest way to identify strong and weak currencies. This indicator shows the relative strength of 8 major currencies + Gold: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD, XAU. By default the strength value is normalised to the range from 0 to 100 for RSI algorithm: The value above 60 means strong currency; The value below 40 means weak currency; This indicator needs the history data of all 28 major currency pairs and 9 timeframe. History data will be downloaded autom
50 USD
Actual COMBO Depth of Market AND Tick Volume Chart
Sergey Andreev
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price: Actual Depth of Market Chart Actual Tick Footprint Volume Chart This product combines the power of both indicators and is provided as a single file. The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator! Below is
40 USD
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Razial187
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Razial187 2020.10.01 22:25 
 

Amazing indicator. The best pivot indicator I've found so far. All it needs is the ability to select higher time frames like quarterly and yearly. I highly recommend this indicator

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