Pivot Points.All-In-One Indicator

The PivotPoints.All-In-One Indicator automatically plots trend reversal levels on the your MT4 terminal chart.

CATEGORIES: MT4, SIGNAL, LEVELS
Updated on: 09.12.2023

The Pivot Points.All-In-One Indicator combines all of the basic methods of constructing reversal levels. So 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 because they are very accurate in determining the reversal points (pivot points) of trends and tendencies.

By default, the MT4 terminal does not contain an indicator that would automatically build these levels.

A free Pivot Points indicator can help you in solving this issue, see our article.

What is a Pivot Points.All-In-One Indicator?

The Pivot Points indicator automatically plots levels on the MT4 terminal chart. By interacting with these levels, the price can change its direction of movement.

This, in turn, gives potential opportunities for profitable trades.

This indicator is unique in that it combines all basic and popular methods of constructing reversal levels. These are the following: Сlassical, Woodie, Fibonacci, Camarilla and Central Pivot Range (CPR).

Please note that the Pivot Points indicator includes several methods of drawing pivot levels. But all of them are marked the same way on the MT4 terminal chart.

Only the formulas underlying the different approaches are different. So the exact location of the levels on the chart depends on that.

Now we will briefly review each of the methods of drawing the pivot levels. We will also show the usefulness of each of them. That will help you to understand which of the approaches will be more useful for you.

But let’s mention it at once. Though the indicator shows the possible trend reversal points, it is not recommended to use it without being tied into the main trading system.

Promotion:

Methods for drawing reversal levels in the Pivot Points.All-In-One Indicator
Classical
This approach is considered one of the most popular due to its simplicity in constructing pivot levels.

Only 3 parameters are used for calculating a pivot point. They are the high and the 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.

Woodie
In comparison to other methods of constructing pivot levels, this approach differs in increased attention to the closing price of the previous period.

Thus, the probability of a trend reversal near the pivot point is increased.

Regardless of how long you hold open positions and for what purposes, this method of displaying reversal levels can be useful for you. After all, determining the most probable trend reversal point initially increases the chances of opening profitable positions.

Fibonacci
Promotion:

This method of drawing pivot levels is inseparably connected with the classical Fibonacci theory. It is often used to identify the points of resumption in the global trend after a correction.

So if you are a mid-term trader and prefer to trade in the main trend, pivot points drawn using the Fibonacci method may help you.

This method can help you to find potentially profitable entry points for resuming the main movement after a correction.

Camarilla
A distinctive feature of constructing pivot points using this approach is the close placement of support and resistance levels to the reversal level.

This method is probably the most suitable for you if you are an active intraday trader or a scalper.