Pivot Points All-in-One Indicator for MetaTrader 5 Download - Free - [TradingFinder]

The Pivot Points All-in-One Indicator is a practical tool for identifying pivot points and key price reaction zones. Developed for the MetaTrader 5 (MT5) platform, it helps traders accurately identify market levels and use them to set take-profit (TP) and stop-loss (SL) levels.

This indicator calculates pivot points using the previous day's high, low, and close prices. It then plots the pivot level in blue while marking support levels in green and resistance levels in red. This graphical display lets traders easily identify potential price reaction areas and make better trading decisions.

This simple yet effective tool is ideal for traders identifying critical market levels and aligning their strategies accordingly.

Pivot Points Indicator Table

Bullish Pivot Levels

The GBP/USD 1-hour chart, the price increases after bouncing off a significant support level. The Pivot Points All-in-One Indicator identifies and plots these key price levels, helping traders anticipate price reactions.

After breaking above the pivot level, the price retraces downward and reacts to the pivot level again, confirming its strength as support.

Bearish Pivot Levels

In the XAG/USD 15-minute chart, the Pivot Points All-in-One Indicator plots pivot and other vital levels to indicate potential price reversal zones. Traders can use this tool to quickly identify significant levels and refine their trade analyses.

Using this indicator, traders can set take-profit (TP) and stop-loss (SL) levels based on these critical areas and optimize their trading strategies.

Indicator Settings

Display Settings: Customize display elements such as graphical line appearances;

• Chart Theme: Choose between light or dark themes;

Indicator Settings: Adjust the indicator's operational parameters;

• Calculation Method: Select the pivot point calculation method (e.g., Standard, Woodie, Fibonacci, etc.);
• Calculation Period: Define the calculation period (daily, weekly, or monthly);
• Show Recent Period Only: Display only recent periods;
• Depth of Levels: Set the depth of pivot levels and the number of support/resistance lines displayed;
• Number of Periods to Show: Configure the number of periods to display;
• Line Width: Adjust the thickness of the pivot, support, and resistance lines;
• Pivot Line Color: Change the pivot line color;
• Support Line Color: Set the color for support lines;
• Resistance Line Color: Set the color for resistance lines;
• Line Labels: Enable or turn off labels on lines.

Conclusion

The Pivot Points All-in-One Indicator is a practical and effective tool for traders identifying key market levels and price reactions. Calculating levels based on the previous period's data plots pivot points, support, and resistance levels for the current day as visible lines. These lines help traders pinpoint potential price reaction areas, accurately predict trade entries and exits, and set strategic take-profit and stop-loss levels for better decision-making.