In this section you can download Pivot Points for MetaTrader4:
– download daily, weekly, monthly Pivot Points indicator for MetaTrader4 –
I tried to find the best Pivot Points indicator for a long time. I like this one the best, because of possible options. You can select periods for Pivot Points calculation, you can draw:
- 1-hour Pivot Points
- 4-hour Pivot Points
- daily Pivot Points
- weekly Pivot Points
- yearly Pivot Points
This indicator also draws Pivot Points history. This is a great option, because it helps to analyze trading system on historical price action. When you are trading Forex, you should pay attention to the Pivot Points. It works great on Forex pairs but also Pivot Points are in use by traders in CFD handel.
About Pivot Points
Pivot Points lines are calculated based on previous open, high, low, close data. So if we are using daily Pivot Points then lines are calculated on open, high, low, close from previous day. On chart we have:
- Pivot line – middle line
- resistance lines – R1, R2, R3… They are above Pivot line and are possible reversal levels when price is going up
- support lines – S1, S2, S3… They are below Pivot line and are possible support levels when price is going down
- middle lines – with MM labels – lines in the middle between supports and resistance lines
You can use Pivot Points in trading Forex, stocks, commodities and other instruments.
Installation
Unzip file.
In Metatrader4 open File menu (left top) and select Open Data Folder. You should see a new window with MT4 folders and files. Something similar to the screen below:
Go to unzipped folder. Move content from MQL4/Indicators to the same folder in MT4 window.
Do the same with templates. Go to the Templates folder and copy content to the same folder in MT4 window.
Questions? Leave a comment and I will try to help you.
Hello,
I would like to ask something. What are the meanings of the red and green colours on the screen? Thank you very much..
Good morning,
Can you post a indicator Pivot point from year 2014 from old website marketsurvival ?
sorry, all I have and use in my trading is in the download section. I do not have that indicator anymore.
red and green marks resistance and support from M line to support (S2)/resistance (R2) line. M line is simply middle line. S2 and R2 lines are most often a target for current swing move. Between R1 and R2 line, in the middle is M line (and area up to the R2 has red background). Same with S1 and S2, but area between M line and S2 line has green background.
Or to put it in more simple explanation:
– red area is where you look to take profits from shorts
– green area is where you look to take profits from long
Your tutorial has been so helpful to me.
Thanks and God bless.
Hi Bro,
Thanks for providing this indicator, hopefully it will take my trading to the next level.
It all looks a mess at the moment,what settings should i be using?
I have changed the hourly settings to false
I can see Ypp/ Ym/ Yr/ Ys
Do you have a video explaining the settings or instructions available?
Hi Simon,
I am struggling to downloads pivot points to my MT4.
Please help.
Thanks,
Hamilton
Hi Hamilton.
What’s the problem? I’ve checked download and everything is fine. If you have problems with installation write to me or check some YT videos – you can find there good tutorials on MT4.
Hi, Thanks for the awesome indicator.
I am trying to use the indicator on 1h and daily, but as soon as I load the hourly the daily disappears.
Any suggestions?
Thanks again.
hello Simon
very great system !!!!
I enjoy it each day do you have a youtube channel with some strategies with it thanks a lot
I just have downloaded and it seems OK, but would you please share a video explaining the way you trade based on this pivot lines. I used to follow FX Pivot which is only for Hourly.
It will be great If I could get your support on this issue.
I plan a trading course where I show exactly how to combine this tools alltogether. Subscribe to newsletter so you get info when course will be out.
Thank you so much for the pivot indicator. You’re the best!
Thanks, Kavika! Hope you will have success with it.
I also downloaded the indicator but it looks messy
You have to set higher time frame in settings. Let’s say you trade on 1h TF, then you have to set Pivot Points to daily or weekly. It is all in the settings, play with it.
Simon,
Where can i download monthly, weekly and daily pivot points for MT4
Kind Regards
c’mon mate 🙂 there is a link “download daily, weekly, monthly Pivot Points indicator for MetaTrader4” in the top of this post… just click it 🙂
Hello,
This pivot indicator is very nice, but it lacks a feature of changing color of the PP? I use a black background on my charts and then the PP is not visible because it’s black only.
An extra option to at least change this color would be an improvement, instead of changing all the charts…
https://www.forexfactory.com/attachment.php?attachmentid=2562110&d=1510738338
anyone know about this type of pivot indicator..
what type? looks like normal daily pivot indicator plotted on 1h chart
Hi Simon, do you know of PPoints for mt5?
yeah, I know for sure that there are some PP for Metatrader 5. I tested some PP a while ago, but you have to google it 🙂
how do i turn off the middle pivot line so its not showing and just show the support\resistance lines for weekly trades? i also use fractels indicator to show a reversal in price at these levels.
Hi Elliot. I don’t think it is possible from the options menu.
The fastest way should be editing MQL code of indicator. Go to the code and remove pivot line or change color to transparent. If you struggle to do that, find some programmer who will help you with that (you can find MQL programmers on upwork.com for example).
I think i set it up properly now. im just showing the weekly lines. i did not modify the code. im just showing just weekly lines with daily for the timeframe. Im also using fractels indicator that shows reversals.
when I choose monthly = true, the indicator is lagged behind. not at the right time
how do I change the color of the weekly pivot point it is black on my chart, a black line and the backround in mt4 is black. i did change the backround to white but im used to a black backround.
you have to edit a code of this indicator or ask some programmer to help you with that
Hi Simon,
Great Indicator, I’m looking at the daily pivot points, and it looks like they are done off a 24 hour period on the chart 0:00 – 0:00 the next day. This doesn’t work too well for indices where these periods don’t match the market trading hours. Do you know how to change the periods that the indicator uses to calculate the close of the market?
Thanks,
Myles
Nope. You have to check other software like tradingview.com and others. Maybe there you will find settings you will be happy with.
excuse me sir can i know how to add this indicator
there is an explanation in the post