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PipTick Pivot MT5

PipTick Pivot indicator automatically calculates and displays pivot point line and levels of the support and resistance. Pivot can be calculated according to the Classic, Floor, Fibonacci, Woodie, Camarilla or DeMark formula. It is also possible to select the period for calculation of the indicator. Trader can choose from daily, weekly, monthly, or user-defined period.


Types of pivots

  • Classic.
  • Floor.
  • Fibonacci.
  • Woodie.
  • Camarilla.
  • DeMark.


Main Features

  • The indicator shows current and historical pivot point level.
  • Pivot support and resistance levels.
  • Alert notifications for indicator lines.
  • Custom session time.
  • Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN).
  • The indicator is non-repainting.
  • Ready for backtesting.
  • Customizable parameters (Colors, Line thickness, Visibility...).
  • Very fast calculation.
  • Available for MT4 and MT5.


Input Parameters

  • Pivot_Method - Allows to choose between Classic, Floor, Fibonacci, Woodie, Camarilla or DeMark formula for calculation of the indicator.
  • Session_Mode - Allows to choose between Daily, Weekly, Monthly and Custom Session mode.
  • Session_Start_Hour - Allows to set start hour if the session time mode is set. In other case the parameter is ignored.
  • Session_Start_Minute - Allows to set start minute if the session time mode is set. In other case the parameter is ignored.
  • Session_End_Hour - Allows to set end hour if the session time mode is set. In other case the parameter is ignored.
  • Session_End_Minute - Allows to set end minute if the session time mode is set. In other case the parameter is ignored.
  • Sessions_Back - Allows to set the number of sessions to display. When the value is zero, all sessions are displayed.
  • Text_Size - Text size of the indicator levels.
  • Visibility_Line_Description - Allows to enable or disable displaying of description of lines.
  • Visibility_PP - Allows to enable or disable displaying of the pivot point line.
  • Visibility_R1 - Allows to enable or disable displaying of the first resistance line.
  • Visibility_R2 - Allows to enable or disable displaying of the second resistance line.
  • Visibility_R3 - Allows to enable or disable displaying of the third resistance line.
  • Visibility_S1 - Allows to enable or disable displaying of the first support line.
  • Visibility_S2 - Allows to enable or disable displaying of the second support line.
  • Visibility_S3 - Allows to enable or disable displaying of the third support line.
  • Color_PP - Color of the pivot point line.
  • Color_R1 - Color of the first resistance line.
  • Color_R2 - Color of the second resistance line.
  • Color_R3 - Color of the third resistance line.
  • Color_S1 - Color of the first support line.
  • Color_S2 - Color of the second support line.
  • Color_S3 - Color of the third support line.
  • Alert - Allows to enable or disable alert notifications when the market touches one of the indicator lines.
  • Alert_Sound - Allows to choose the alert sound.


Outputs Parameters

  • PP - Value of the pivot point.
  • R1 - Value of the first resistance.
  • R2 - Value of the second resistance.
  • R3 - Value of the third resistance.
  • S1 - Value of the first support.
  • S2 - Value of the second support.
  • S3 - Value of the third support.
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