Welcome, fellow traders! If you're looking to enhance your trading game, you might want to check out the Pivot Points Lines indicator for MetaTrader 5. This handy tool is designed to help you identify key support and resistance levels, making it a must-have in your trading arsenal.
For those still using MT4, you can find the MT4 version here.
What Can This Indicator Do?
This indicator draws Pivot Points Level Lines based on several popular formulas:
- Floor
- Fibonacci
- Camarilla
- Woodie
With this indicator, you can work across ALL Pivot Points Time-Frames, making it versatile for different trading strategies.
It allows you to:
- Draw long or short lines to visualize your levels
- Show mid pivot points if you want a more detailed analysis
- Display pivot point prices in labels for quick reference
And the best part? You can have multiple instances of this indicator on the same chart by simply using different time-frame periods. This flexibility lets you adapt it to your unique trading style.
Customization is key! Feel free to tweak the settings to suit your preferences and trading strategy.
Inputs and Example Images
Take a look at some example images below:
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