PIVOT POINTS ALL IN 1 INDICATOR MT5

• The Pivot Points.All-In-One indicator automatically displays trend reversal levels on the chart of your MT5 terminal.

The Pivot Points.All-In-One indicator combines all the main methods for building pivot levels. Thus, you can easily use it in your trading system. Support and resistance levels are one of the most popular tools in the forex market. They have gained popularity as they are very accurate in identifying pivot points (reversal points) of trends and trends. By default, there is no indicator in the MT5 terminal that would automatically plot these levels. The Free Pivot Points indicator can help you solve this issue, see our article.

What is the Pivot Points.All-In-One indicator?

• The Pivot Points indicator automatically builds levels on the chart of the MT5 terminal. Interacting with these levels, the price can change the direction of its movement. This, in turn, provides potential opportunities for profitable trades. This indicator is unique in that it combines all the main and popular methods of building reversal levels. These are: Classic, Woody, Fibonacci, Camarilla and Central Reversal Range (CPR).
• Please note that the Pivot Points indicator includes several methods for plotting pivot levels. But they are all marked on the chart of the MT5 terminal in the same way. Only the formulas underlying the different approaches differ. So the exact location of the levels on the chart depends on this. Now we will briefly review each of the methods for constructing reversal levels. We will also show the usefulness of each of them. This will help you understand which approach will be more useful for you.

But let’s note right away. Although the indicator shows possible trend reversal points, it is not recommended to use it without reference to the main trading system.

Methods for constructing pivot levels in the Pivot Points.All-In-One indicator

Classic

• This approach is considered one of the most popular due to the simplicity of building pivot levels. Only 3 parameters are used to calculate the pivot point. This is the high and low of the previous trading session and the closing price. Since many forex traders prefer this method, the percentage of its interaction with the price is quite high.

Woody

Compared to other methods of building pivot levels, this approach is characterized by increased attention to the closing price of the previous period. Thus, the probability of a trend reversal near the reversal point increases. Regardless of how long you hold open positions and for what purpose, this way of displaying reversal levels can be useful to you. After all, determining the most probable trend reversal point initially increases the chances of opening profitable positions.

Fibonacci

• This method of constructing pivot levels is inextricably linked with the classical Fibonacci theory. It is often used to identify points of resumption of the global trend after a correction.

So, if you are a medium-term trader and prefer to trade the main trend, Fibonacci Pivot Points can help. This method can help you find potentially profitable entry points to resume the main move after a correction.

Camarilla

• A distinctive feature of building pivot points with this approach is the close location of support and resistance levels to the pivot level. This method is probably the most suitable for you if you are an active intraday trader or scalper.

• CPRVisually, this method is slightly different from others. It has only 3 lines – the main reversal level and the upper and lower levels relative to the main one. In practice, using this approach on the M30 timeframe and above helps in determining the main trend.
• If the price is above the three built levels every day, this indicates an uptrend. If the trading day closes below all three levels, this indicates a weakening of the uptrend. This may indicate a change in the downtrend. The CPR method can be useful to all traders. Determining the phase of the market (trend or flat) is one of the first and key steps in the analysis of the forex market.

Goals that the Pivot Points.All-In-One indicator solves

• So, after a brief overview of the pivot levels, let’s see what goals the Pivot Points indicator helps to achieve.
• In practice, the indicator can help in determining the levels for placing stop losses and take profits. And also in search of market entry points in the direction of the main trend.
• Determining the points of trend resumption through Pivot Points.All-In-One Indicator
• To solve this problem, we will use Fibonacci levels. As mentioned above, there is a difference between Fibonacci levels and other pivot levels. This is because this method is commonly used to determine the correction of the underlying movement. In the chart above, we see how the main trend is changing into a correction.

As the price approaches the S2 support level, the downward movement slows down. This is indicated by long shadows of candles and further “trampling” of prices in one place. It is believed that such signals should be processed after confirmation of movement in the direction of the trend. Therefore, when the price starts to grow actively, you can try to buy at the market price. In this case, the stop loss should be placed behind the support level S2.

Determining stop loss and take profit placement levels using the PivotPoints.All-In-One indicator

• Classic pivot levels are the most popular among forex traders. So, let’s use this method to determine the stop loss and take profit levels.
• The trading situation on the chart above indicates that the range of price movement is between the R2 and S1 levels. Level S1 has twice served as a price reversal point. Based on this, we can assume that when the price interacts with this level again, it will again act as a support. Therefore, when opening a potential buy trade, it is safer to place a stop loss behind the S1 level. With the R2 level, the situation is more complicated. Note that the price is making lower and lower highs, indicating weakness in buyers.
• Of course, you can wait for the price to reverse around the R2 level and set Take Profit there. But in situations where the market clearly signals an unwillingness to grow, it is better to act cautiously. Therefore, it is safer to close half of the open positions manually near the R1 level. For other trades, it is better to place take profit near the R2 level.
• So, you have become familiar with the Pivot Points indicator. Now you can use exactly the method of building levels in your trading system that you consider the most useful and effective.