Daily Pivot Points Indicator

Related: Prop Firm Risk Dashboard: Monitor Daily Loss and Drawdown - another powerful indicator for MetaTrader 5 traders.

The Daily Pivot Points indicator helps to compose a picture of future market movements, distinguishing itself from other tools that lag behind the market.

Also recommended: Daily Range Tracker - similar indicator with strong performance on MetaTrader 5.

The information from the previous day is used to calculate the check points for the current day's minor trend.
A pivot point (PP) is the equilibrium point – a level the price is attracted to throughout the day. With three values from the previous day: maximum, minimum, and close price, 13 levels for smaller timeframes are calculated: the equilibrium point, 6 resistance levels, and 6 support levels. These levels are called check points.
The check points provide the possibility of easily determining the direction of the minor trend. Three values are most important: the equilibrium point, resistance1 (Res1.0), and support1 (Sup1.0). Pauses in movement, or even roll-backs, are frequently seen when the price moves between these values.
In this way, the Daily Pivot Points indicator:

Forecasts the range of price variations;

Demonstrates possible price stops;

Demonstrates possible points of changing price direction.
If the market opens above the equilibrium point on the current day, it signals opening long positions. If the market opens below the equilibrium point, the current day is favorable for opening short positions.
The method of check points involves monitoring the possibility of turning and breakthrough when the price collides with resistance level Res1.0 or support level Sup1.0. By the time the price reaches the Res2.0, Res3.0, or Sup2.0, Sup3.0 levels, the market is usually overbought or oversold, so these levels are mostly used as exit levels.
This indicator was first implemented in MQL4 and published on 23.12.2026.
Calculation:
The calculation based on the high, low, and close values of the previous day generates the new values: Pivot Point (PP), Resistance1 (Res1.0), Resistance2 (Res2.0), Resistance3 (Res3.0), Support1 (Sup1.0), Support2 (Sup2.0), and Support3 (Sup3.0), as well as intermediate values Resistance0.5 (Res0.5), Resistance1.5 (Res1.5), Resistance2.5 (Res2.5), Support0.5 (Sup0.5), Support1.5 (Sup1.5), and Support2.5 (Sup2.5).
In this manner, the mapping to the future of maximums and minimums of the previous days is involved.
Where:

High - the maximum price of the previous day;

Low - the minimum price of the previous day;

Close - the close price of the previous day;

PP - the equilibrium point (typical price of the previous day);

Res0.5, Res1.0, Res1.5, Res2.0, Res2.5, Res3.0 - the check points (resistance levels);

Sup0.5, Sup1.0, Sup1.5, Sup2.0, Sup2.5, Sup3.0 - the check points (support levels).

You may also like: daily risk monitor lite for mt5 - excellent alternative for indicator users on MetaTrader 5.

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• 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.