Pivot Point for signal or confirmation

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Yannis Latroche
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Pivot Point is one of the indicator i use the most for my strategies, either confirming trend, breakout retest or consolidation and combining with others indicators ... well used it's a good indicator that give confirmation and objectives.

We could either put support/resistance or only pivot point to see the trend in the timeframe of our choice

An example worth a thousand words

Below is a EURUSD M5 chart with daily Pivot (Short Term)

Image 1087

And here EURUSD H1 weekly Pivot

Image 1088

I took the best case scenario for illustrating my thoughts but sometime the market doesn't want to give us profit

For MetaTrader indicators i found for both 4/5

https://www.mql5.com/en/market/product/10298?source=Site+Market+MT5+Indicator+Search+Rating004%3apivot+point

https://www.mql5.com/en/code/10990

Duplicates 2
hello trader i have one strategy i want to convert it into EA but i dont know coding can any one convert this
Support and Resistance/Admiral Pivot (stochastic&RSI) H1and Up

I suggesting to dev adding a support and resistance and Admiral Pivot for Stochastic and Rsi strategy in H1 and higher Timeframe.

its really big help for more accurate signal  less false signal for Stochastic and RSI also this stochastic and Rsi strategy is use to all Forex Symbol i hope the dev add it.

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jay hu
Quote from Yannis Latroche

Thanks will work on a strategy with it 

Looking forward to test your strategy!

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Yannis Latroche
Quote from Andrey Khatimlianskyi

Done in 2.55.2 -- https://t.me/CommunityPowerNews/141

Thanks will work on a strategy with it 

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Andrey Khatimlianskyi
  • Completed

Done in 2.55.2 -- https://t.me/CommunityPowerNews/141

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Andrey Khatimlianskyi
  • Started
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Sai Pratap
Quote from Andrey Khatimlianskyi

Very active topic. I guess it will be implemented soon.

Yeah sir. Badly waiting for it, with CP having its own pivot indicator. :)

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Andrey Khatimlianskyi

Very active topic. I guess it will be implemented soon.

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Miano's Tech

PivotPoints.All-In-One.ex5

here the pivot point indicator its all in one! All of that is in the setting of the indicator i hope its help....

its very strong pivot indicator

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Miano's Tech

Calculation of Pivot Points

The standard Pivot Points indicator that is available on most trading platforms consists of 7 lines: 3 support lines (S1, S2 and S3), 3 resistance lines (R1, R2 and R3) and 1 Pivot Point (PP). The PP acts as a reference point and is used in the computation of the other lines.

Here is the formula for calculating standard Pivot Points:

PP = (High + Low + Close)/3

S1 = (PP * 2) – High

S2 = PP – (High – Low)

S3 = Low – 2(High – PP)

R1 = (PP * 2) – Low

R2 = PP + (High – Low)

R3 = High + 2(PP – Low)

he above is the formula for calculating standard Pivot Points and it uses the High, Low and Close prices of the previous trading period. There are other variations of Pivot Points used by investors, but they all derive support and resistance lines that are watched for trading opportunities.

Here are the formulas for other Pivot Point variations:

Woodie Pivot Points

PP = (H + L + 2C) / 4

R2 = PP + High – Low

R1 = (2 X PP) – Low

S1 = (2 X PP) – High

S2 = PP – High + Low

As the calculations show, Woodie Pivot Points give more weight to the previous closing price when deriving the PP.

Camarilla Pivot Points

PP = (H + L + C) / 3

R4 = C + ((H-L) x 1.5000)

R3 = C + ((H-L) x 1.2500)

R2 = C + ((H-L) x 1.1666)

R1 = C + ((H-L) x 1.0833)

S1 = C – ((H-L) x 1.0833)

S2 = C – ((H-L) x 1.1666)

S3 = C – ((H-L) x 1.2500)

S4 = C – ((H-L) x 1.5000)

Where C = Closing Price, H = High and L = Low

As the calculations show, Camarilla Pivot Points focus more on the previous closing price rather than the PP. All support and resistance lines are derived using a multiplier, with the basic philosophy of Camarilla Pivot Points being that prices will tend to revert to the mean.

Fibonacci Pivot Points

PP = (H + L + C) / 3

R3 = PP + ((High – Low) x 1.000)

R2 = PP + ((High – Low) x .618)

R1 = PP + ((High – Low) x .382)

S1 = PP – ((High – Low) x .382)

S2 = PP – ((High – Low) x .618)

S3 = PP – ((High – Low) x 1.000)

Fibonacci PP are calculated in the same way as standard Pivot Points. The support and resistance levels are then derived by multiplying previous period ranges (High – Low) with corresponding Fibonacci levels, such as 38.2%. 61.8% and 100%.

i have this kind of indicator setting i try to find it and share here.

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Miano's Tech

thank you very much dev...