Pivot Points MT5
Pivot Points MT5 is a universal color multicurrency/multisymbol indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old, Standard New and Fibo. It plots pivot levels for financial instruments in a separate window.
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.
A user can choose colors for the indicator lines.
The only difference between Standard New and Standard Old versions is the method of calculation of the third level of support (S3) and resistance (R3).
- Calculation Method - the Pivot Points calculation method:
- Standard Old.
- Standard New.