Pivot Point Indicator

The Pivot Point indicator automatically calculates and displays the pivot point line and support and resistance levels. Pivot can be calculated according to the Classic, Floor, Fibonacci, Woodie, Camarilla or DeMark formula.

It is also possible to select the period for calculating the indicator. A trader can choose from daily, weekly, monthly, or user-defined periods.

Types of Pivots

Main Features

The indicator shows the 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 choosing between Classic, Floor, Fibonacci, Woodie, Camarilla or DeMark formula for calculating the indicator.
Session_Mode - Allows choosing between Daily, Weekly, Monthly and Custom Session modes.
Session_Start_Hour - Allows setting start hour if the session time mode is selected. In another case, the parameter is ignored.
Session_Start_Minute - Allows setting start minute if the session time mode is selected. In another case, the parameter is ignored.
Session_End_Hour - Allows setting end hour if the session time mode is selected. In another case, the parameter is ignored.
Session_End_Minute - Allows setting end minute if the session time mode is set. In another case, the parameter is ignored.
Sessions_Back - Allows setting 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 enabling or disabling displaying of the description of lines.
Visibility_PP - Allows enabling or disabling displaying of the pivot point line.
Visibility_R1 - Allows enabling or disabling displaying of the first resistance line.
Visibility_R2 - Allows enabling or disabling displaying of the second resistance line.
Visibility_R3 - Allows enabling or disabling displaying of the third resistance line.
Visibility_S1 - Allows enabling or disabling displaying of the first support line.
Visibility_S2 - Allows enabling or disabling displaying of the second support line.
Visibility_S3 - Allows enabling or disabling 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 enabling or disabling alert notifications when the market touches one of the indicator lines.
Alert_Sound - Allows choosing the alert sound.