premium pivot
Info
The premium pivot is a Indicator for MetaTrader 4 that i'm not a professional programmer but made many changes by with the help of people in the forum. the indicator plots pivot levels for three pivots with different periods with separate setting.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use premium pivot
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
i'm not a professional programmer but made many changes by with the help of people in the forum.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: pivot rs session indicator - another powerful indicator for MetaTrader 4 traders.
i'm not a professional programmer but made many changes by with the help of people in the forum.
Also recommended: prev day and floating pivot indicator - similar indicator with strong performance on MetaTrader 4.
the indicator plots pivot levels for three pivots with different periods with separate setting. it would be great if you have daily, weekly, monthly pivots by an indicator on a chart.main indicator downloaded from ""
some of indicator parameters:
refresh period:
reduce cpu usage by re-calculating every custom period of time.
3 separate pivots with different custom periods
pivot and s/r lines style
pivot and s/r lines width
pivot and s/r lines color
enable/disable display s/r lines and labels
enable/disable display pivot lines and labels
note: before start using this indicator please check each pivot color and keep in mind or change colors if needed.
You may also like: daily pivot indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "2.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property strict
#property indicator_chart_window
#property indicator_buffers 21
enum aperiod{m1=1,m5=5,m15=15,m30=30,h1=60,h4=240,d1=1440,w1=10080,mn=43200,};
enum edrawing{yes = 0 , no = 12 ,} ;
enum ewidth {w_1=1,w_2=2,w_3=3,w_4=4,w_5=5,} ;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.