Pivot levels are a well established technical level that's recognised in every market.
Our indicator will draw the current Quarterly, Monthly, Weekly, Daily and four-hourly pivots on the chart, for any symbol. You can also show the Suppport and Resistance levels for each period and choose which to display from levels 1 to 4.
You can choose the type of Pivot from:
Standard
Camarilla
DeMark (DeMark pivots have a single Support and Resistance level as per the original specification.)
Woodie
Fibonacci
The indicator can change the way the lines are drawn if the line has been touched by price. This can be very helpful and the strength of the lines support or resistance diminishes considerably once touched.
You can choose to show the Predicted pivot level, for each of the time periods. This will use the same calculation as the normal pivots, but will work on the currently incomplete timeframes. As such it is best used towards the end of that period, when price has already covered the majority of its range.
There are many configuration options giving you full control over how the Pivot Levels are drawn.
Also included in the latest version, is a simple button that allows you to show/hide all the pivots without having to go into the configuration settings.
See the demonstration video at the end of this page.
The Pivot Trader Videos
We are not affiliated with The Pivot Trader in any way, but Kym undoubtedly knows his stuff having been an active trader for many years. Below are some videos that may help your trading, with or without our indicators.
Please visit his website for additional helpful information and services.
By The Pivot Trader
In this video Kym explains what pivot levels are, how they are formed, and options for using them. Included are some very helpful statistics on the chances of them being hit.
He also talks about using the Pivots from different timeframes to expand your analysis.
By The Pivot Trader
Here Kym gives a really simple strategy for trading pivot levels. It's a great start to the technique and with a little experience you will soon find additional strategies yourself.
Our demonstration video shows the pivot levels indicator running in the MetaTrader Strategy Tester on historic tick data, and sped up. This allows us to show you how it performs over time and is a realistic demonstration of the features.
