Premium Pivot
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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. 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.
