PivotPointUniversal – indicator MetaTrader 5

The indicator plots Pivot levels for all the available history. It doesn’t uses any objects.

There are 5 variants of Pivot levels is supported. There are 3 calculation periods: daily, weekly, monthly. For the daily pivot levels it’s possible to specify the GMT time shift.

The formulae, used for the calculation, are:

PIVOT_CLASSIC

Pivot (P) = (H + L + C) / 3
Resistance (R1) = (2 * P) – L      Support (S1) = (2 * P) – H
R2 = P + H – L                           S2 = P – H + L
R3 = H + 2 * (P – L)                   S3 = L – 2 * (H – P)  

PIVOT_FIBONACCI 

Pivot (P) = (H + L + C) / 3
Resistance (R1) = P + 0.382(H – L)      Support (S1) =  P – 0.382(H – L)
R2 = P + 0.618*(H – L)                       S2 = P – 0.618*(H – L)
R3 = H + *(H – L)                             S3 = L – (H – L)  

PIVOT_DEMARK

If C < O Then X = H + 2 * L + C;
If C > O Then X = 2 * H + L + C;
If C = O Then X = H + L + 2 * C;
Resistance (R1) = X / 2 – L; Support (S1) = X / 2 – H

PIVOT_CAMARILLA

R4 = (H – L) X 1.1 / 2 + C    R3 = (H – L) X 1.1 / 4 + C    R2 = (H – L) X 1.1 / 6 + C    R1 = (H – L) X 1.1 / 12 + C
S1 = C – (H – L) X 1.1 / 12   S2 = C – (H – L) X 1.1 / 6     S3 = C – (H – L) X 1.1 / 4     S4 = C – (H – L) X 1.1 / 2

PIVOT_WOODIES

Pivot (P) = (H + L + 2 X C) / 4
Resistance (R1) = (2 X P) – L         Support (S1) = (2 X P) – H
R2 = P + H – L                              S2 = P – H + L

At the image there are 4 indicators of PIVOT_CLASSIC with the different parameters are presented. The first parameter (GMT shift) is actual for the daily Pivots only.

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