In this section you can download Pivot Points for MetaTrader 4:
I tried to find the best Pivot Points indicator for a long time. I like this one the best, because of possible options. You can select periods for Pivot Points calculation, you can draw:
- 1-hour Pivot Points (only in MT4 pivot indicator)
- 4-hour Pivot Points (only in MT4 pivot indicator)
- daily Pivot Points (in MT4 and MT5 pivot indicator)
- weekly Pivot Points (in MT4 and MT5 pivot indicator)
- yearly Pivot Points (in MT4 and MT5 pivot indicator)
This indicator also draws Pivot Points history. This is a great option, because it helps to analyze trading system on historical price action. When you are trading Forex, you should pay attention to the Pivot Points. It works great on Forex pairs but also Pivot Points are in use by traders in CFD trading.
About Pivot Points
Pivot Points lines are calculated based on previous open, high, low, close data. So if we are using daily Pivot Points then lines are calculated on open, high, low, close from previous day. On chart we have:
- Pivot line – middle line
- resistance lines – R1, R2, R3… They are above Pivot line and are possible reversal levels when price is going up
- support lines – S1, S2, S3… They are below Pivot line and are possible support levels when price is going down
- middle lines – with MM labels – lines in the middle between supports and resistance lines
You can use Pivot Points in trading Forex, stocks, commodities and other instruments.
Pivot Point installation in Metatrader 4
You can watch how to install pivot points in Metatrader 4 here:
Or follow instructions below.
If you follow me for a longer period of time you know that I love pivot pivots. This is a great indicator which can help you to localize important reversal levels. You can find Pivot Points in many trading platforms but they are not preinstalled in Metatrader 4. You have to add them manually, I will show you how in this guide.
First, download Pivot Points files
When you finish downloading files, go to download folder and unpack your Pivot Points indicator.
If you have Pivots from my site, you should see two folders – MQL4 and templates.
Now copy files
Go to your Metatrader platform. Click File in the upper menu and select Open data folder. You should see a folder like this:
Can you spot the MQL4 folder? Open it and here you will find folders like:
Go to Indicators folder.
Now go back to your Downloads folder. Open MQL4/indicators folder and copy pivot files:
Paste them into Metatrader MQL4/indicators folder:
Time to Refresh/Restarts
It is best to restart the Metatrader4 platform.
Add Pivot Points to the chart
Now it is time to add Pivots to the chart. The easiest way is to open navigator, go to Indicators and double click Pivot Points:
Now you should see something like this:
