Pivot points indicator.

If you want to simultaneously see several popular levels of technical analysis on the screen of a trader’s trading terminal, then this indicator is designed specifically to solve such a problem.

The maximum time period for the indicator to work is H4, the minimum time frame is not limited. The pivot points indicator plots the following levels - Fibonacci, DeMark, Camarilla, Woodie, it is clear that sometimes the construction does not follow the usual pattern, but this only makes the tool even more interesting.

Each of the levels serves as a kind of reference point, depending on the trading strategy used; when the price reaches its boundaries, it gives a signal to open a new transaction; the direction is chosen depending on whether the price made a reversal or went on to break out the level.

Download the pivot points indicator.

After copying it to the trader’s terminal and adding it to the chart, you are presented with six curves, parallel lines, each of which is responsible for its own level.

The selection of displayed levels is made in the settings of the pivot points indicator on the "Input parameters" tab.

By changing the TypePivot value from 0 to 4 (the explanation is given there), you can choose which levels will be displayed on the chart of the currency pair .

Thanks to this function, you can simultaneously analyze the situation in several ways on one time frame and draw the most correct conclusion.