The Pivot Points Indicator for MT5 is one of the most powerful tools for traders who rely on price action and key levels. This advanced indicator automatically draws daily, weekly, and monthly pivot lines on your MetaTrader 5 chart, showing important support and resistance levels.
It helps identify potential market turning points, breakout zones, and reversal areas — all with just one indicator.
Whether you trade Forex, Gold, Indices, or Crypto CFDs, this MT5 pivot tool gives you clear insight into where price may react next.
Key Features
- Classic (Standard Pivot Formula)
- Fibonacci
- Camarilla
- Woodie
- Floor
- Fibonacci Retracement
Customizable Display Options
- Show or hide Pivot, S1–S4, R1–R4 lines
- Adjustable line colors, styles, and widths
- Option to show price tags and labels
- Includes or excludes Sunday candles
Multi-Timeframe Analysis
Choose your preferred timeframe:
- Daily
- Weekly
- Monthly
- Or any custom MT5 period
Why Use Pivot Points in MT5
Pivot points are a trader’s roadmap. They highlight psychological price levels where big traders make decisions. When the market opens near a pivot level, you can anticipate potential support or resistance reactions.
Traders often combine these pivots with candlestick patterns, RSI, MACD, or volume for confirmation.
- R-Levels (R1–R4) show resistance zones.
- S-Levels (S1–S4) show support areas.
- Pivot Point (PP) acts as a key balance line.
Indicator Parameters Explained
Below are the main adjustable parameters inside the MT5 settings:
| Parameter | Description |
|---|---|
| InpTimeframe | Select pivot calculation timeframe (D1, W1, M1, etc.) |
| CalculationMode | Choose Classic, Fibonacci, Camarilla, Woodie, Floor, etc. |
| InpShowLabels | Show or hide label names on chart |
| InpShowPriceTags | Display price values beside each line |
| InpFibR1S1–R4S4 | Set Fibonacci ratio levels manually |
| Color Settings | Customize Pivot, S, and R line colors |
| Line Style / Width | Adjust style and width for visual clarity |
How to Use
- Download and copy the indicator file to your MT5 Indicators folder.
- In MetaTrader 5 → open Navigator → Indicators → Refresh.
- Attach the indicator to your chart.
- Choose your preferred pivot calculation type.
- The indicator will automatically draw pivot lines and update daily.
Use the lines as:
- Bounce or breakout levels for entries
- Stop-loss / Take-profit zones
- Trend confirmation levels
Benefits of Using This Indicator
- Professional pivot point calculations
- Saves time — no need to draw levels manually
- Works on all timeframes and symbols
- User-friendly interface
- Highly accurate pivot formulas used by institutional traders
Conclusion
The Pivot Points Indicator for MT5 is an essential technical tool that simplifies your chart and gives you high-probability trading levels every day.
Whether you’re a beginner or a professional trader, using pivot levels will help improve your trade timing and risk management.
FAQ
Q1: Is this indicator free for MT5?
Yes, the Pivot Points Indicator MT5 is completely free to download and use.
Q2: Can I change the calculation method?
Yes — you can choose between Classic, Fibonacci, Camarilla, Woodie, and Floor methods.
Q3: Does it work on Gold and Crypto?
Yes, it works on all MT5 instruments including Forex, Metals, and Cryptocurrencies.
Q4: Does it repaint?
No, it does not repaint. It uses completed candle data for accurate pivot calculation.
Q5: Which timeframe is best?
Most traders use Daily pivots for intraday trading and Weekly for swing trading.
