Most pivot tools space their bands with addition and subtraction. The auto pivot points.all in one indicator uses fractions instead. Each band sits a Fibonacci share of yesterday’s range away from the middle, which is worth knowing before you compare its levels against another chart.
This build ships as a compiled .ex4 for MT4 and .ex5 for MT5; the screenshots below come from EURUSD H1.
| Platforms | MT4 (.ex4) + MT5 (.ex5) |
|---|---|
| Chart window | Main price chart |
| Plots | 7: PP, R1, R2, R3, S1, S2, S3 |
| Alerts | popup, push notification, email, sound |
| Inputs | 6 |
What gets drawn, and where
Seven lines, no marks at all.
`PP` runs gold at width 2.
`R1`, `R2` and `R3` run tomato above it.
`S1`, `S2` and `S3` run medium sea green below.
The three bands sit at widening distances.
Nothing appears in a separate pane.
- PP: line, gold, width 2
- R1: line, tomato
- R2: line, tomato
- R3: line, tomato
- S1: line, medium sea green
- S2: line, medium sea green
- S3: line, medium sea green
How each value gets built
The middle first
One average sets it. Yesterday’s high, low and close added together, divided by three. Every other line is measured out from that single price.
Fibonacci spacing
Fractions of the range do the rest. The first pair sits at 0.382, the second at 0.618 and the third at a full 1.000 of yesterday’s high minus low.
Finding yesterday
It walks back through the bars. The code scans until the day changes, then takes that day’s own high, low and close. No daily-timeframe call is needed.
How to follow it
Wide spacing between bands means yesterday ran far.
Compressed bands describe a quiet previous day.
The gold middle is the price both sides pivot around.
Reaching the third band is unusual in one session.
Colour tells you which side of the middle a line sits.
Bands hold their values for the whole session.
Alert channels in this build: popup, push notification, email and sound.
`EnableAlerts` covers the tool’s messages and ships true with `EnablePopup`. Switch `EnablePushNotify` for a phone, `EnableEmail` for mail, or `EnableSound` to play `SoundFile`. Those three arrive off.
Every Auto Pivot Points.All In One Indicator input
Alert settings
| Setting | What it does | Default |
|---|---|---|
EnableAlerts |
Master switch, `true`. | on |
EnablePopup |
Box in the terminal, `true`. | on |
EnablePushNotify |
Buzz on a phone, `false`. | off |
EnableEmail |
Mail from the tool, `false`. | off |
EnableSound |
Audio cue, `false`. | off |
SoundFile |
Which clip plays, `”alert.wav”`. | alert.wav |
Which chart earns the most from it
Seven flat lines need room between them to be readable. EURUSD H1 is the reference chart. The bands sit far enough apart there to name at a glance. On M5 only the inner pair matters. On daily bars the whole set collapses onto one candle.
Where it disappoints
Fibonacci spacing differs from the classic method, so levels will not match another chart.
A quiet yesterday puts all six bands within a few pips.
Nothing signals here, so the lines are reference only.
A weekend gap can open the session past the third band.
Copy the compiled Auto Pivot Points.All In One Indicator file into your MQL4/Indicators folder, and the MT5 build into MQL5/Indicators, then restart the terminal and drag it onto a chart. The step-by-step guide with screenshots is at how to install MT4 and MT5 indicators.
Related on forexmt4systems.com: Pivot Point Strategy.
Background reading on the method behind the Auto Pivot Points.All In One Indicator: Fibonacci retracement on Wikipedia, Camarilla Pivot Points at BabyPips.
Download the Auto Pivot Points.All In One Indicator for MT4 and MT5
The zip holds the compiled Auto Pivot Points.All In One Indicator build for MT4 and MT5, plus a short README. Compiled files only, no source. Enter your email below and the download link arrives in your inbox.
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Enter your email and the file is yours. You also get the full MT4 and MT5 library.
FAQ
How does the R2 band get its distance?
By taking 0.618 of yesterday’s high minus low and adding it to the middle price. That is a Fibonacci fraction rather than the doubling used in classic pivots, which is the defining difference in this build.
Will the PP line match another pivot chart?
The middle will, because it is the same average of high, low and close. The six bands around it will not, since they are spaced by fractions rather than by the classic formula.
Where does the R3 band actually sit?
A full range above the middle. Yesterday’s entire high-to-low distance gets added, which puts it beyond where most sessions travel and makes a touch there genuinely unusual.
Does the tool call the daily timeframe?
No. It walks back through the bars on your own chart until the day changes, then reads that day’s high, low and close. That keeps everything on one series and avoids a second data request.
Are results guaranteed?
No. Trading involves risk. Results are not guaranteed; past performance is not indicative of future results. Use the Auto Pivot Points.All In One Indicator as one input. Always backtest before trading live.
Category: this is part of our Support and Resistance collection. Also, still, hence, plainly, truly, browse more Support and Resistance for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.
External references
- For background on this concept, see MACD Zero Line Crosses With Swing Points at StockCharts ChartSchool.
- For broader market context, see Donchian channel on Wikipedia.
About the author
Written by Dominic Walsh, a Forex trader and MT4/MT5 indicator, Expert Advisor and script developer. Every tool on forexmt4systems.com is tested on live charts before release and ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files. Learn more about the trader and developer behind this site.
How we build, test and correct every tool: Editorial & Testing Policy. Trading carries risk; see the disclaimer.