Active Pivot Levels

5

Pivot levels are a well established technical level that's recognised in every market.

This indicator will draw the current Quarterly, Monthly, Weekly, Daily and four-hourly pivots on the chart, for any symbol. You can also show the Suppport and Resistance levels for each period and choose which to display from levels 1 to 4. 

Choose the type of Pivot from:

  • Standard
  • Camarilla
  • DeMark
  • Woodie
  • Fibonacci

Please note, DeMark pivots have a single Support and Resistance level as per the original specification.

The indicator wall change the way the lines are drawn if the line has been touched by price. This can be very helpful and the strength of the lines support or resistance diminishes considerably once touched.

You can choose to show the Predicted pivot level, for each of the time periods. This will use the same calculation as the normal pivots, but will work on the currently incomplete timeframes. As such it is best used towards the end of that period, when price has already covered the majority of its range.


Settings

Details of all the settings are in a separate blog post, available here:

https://www.mql5.com/en/blogs/post/746511


This is a very configurable Indicator, so you can get it working as you prefer.



Reviews 1
CasiousD
873
CasiousD 2021.11.04 14:37 
 

Another great indicator form this author. Runs perfectly, does not slow down MT4 like other pivot indicators. Fully customizable for all styles of trading whether you only need 1 pivot line or if you need many pivot and SR lines. Pivot line changes style once touched by price, great feature. New toggle button keeps your charts clean when you don't need to see the lines. Author is very responsive and helpful.

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This indicator will draw a label above or below each candle based on   Rob Smith's   The Strat   as they develop over time on your chart. As price evolves, a candle can switch between three states. When the candle first opens, if it sits completely within the previous candles high and low, then it will start as a Type 1. As time moves on, if it breaks either the high or low of the previous candle, it will be come a type 2, and should the price action be volatile and directionless, it may then
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This indicator draws the prior Highs and Lows for multiple timeframes, and can display potential Take Profit and Stop Loss levels. In Rob Smith's # The Strat  terms, these are potential entry points, or alternatively potential targets for open positions. I like to use them in both ways. On a lower timeframe, say 5 minutes to get a good entry on a daily or weekly level, and then as a potential target. Very small stops required giving an excellent risk/reward ratio. Key Features  - Levels from Hou
TheStrat FTFC MT5
Robert Gerald Wood
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FTFC refers to Full Timeframe Continuity as defined by Rob Smith's  The Strat  . This indicator draws two lines on the chart, one of the highest of the Quarterly, Monthly, Weekly, Daily or Hourly opening levels, and the second of the lowest of those values. This gives you a channel above or below which trading is more likely to be very strongly in one direction. Between the lines, price action will be choppier and you may with to use wider stops. A third dashed line is also drawn to show the mid
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Robert Gerald Wood
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Markets really love round numbers and they often act as support in a falling market, or resistance as price rises. This indicator is designed to draw price levels at Round values. It does this automatically, but you also have the option to override that and determine the levels you wish to see. A round level can be as simple as steps of 10, so 10, 20, 30 etc or if you are working with Forex, maybe you want to see changes at 0.1 or 0.01. The indicator draws two classes of line, Major and Minor,
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Average True Range (ATR) is a commonly used indicator that measures the amount of movement in price over a set duration. However the value it gives is not defined within any sort of boundary, which makes using it for anything other than stop loss or take profit calculations, almost impossible. This indicator is your standard ATR indicator, but we have introduced percentile demarcations so you can see the extremes. You can choose between Percentiles and something we call Split Medians Percentile
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Robert Gerald Wood
Indicators
Range Exhaustion occurs when price meets or exceeds the expected range for the current period. At these levels, price starts to lose its momentum relative to earlier in the period, so its a good point to make sure you are not taking new positions. This indicator will show you where this is likely to happen on your chart, showing levels for Daily, Weekly and Monthly periods. When you see price exceeding these exhaustion levels, it's telling you that the momentum behind the move is very strong an
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CasiousD
873
CasiousD 2021.11.04 14:37 
 

Another great indicator form this author. Runs perfectly, does not slow down MT4 like other pivot indicators. Fully customizable for all styles of trading whether you only need 1 pivot line or if you need many pivot and SR lines. Pivot line changes style once touched by price, great feature. New toggle button keeps your charts clean when you don't need to see the lines. Author is very responsive and helpful.

Robert Gerald Wood
5018
Reply from developer Robert Gerald Wood 2021.11.04 15:29
Thank you for the kind review, glad I was able to help :)
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