Daily Pivot Points Indicator (MQL5) for MT5 FREE DOWNLOAD

Intraday trading is all about seizing short-term market opportunities, and having the right tools in your trading arsenal can significantly enhance your chances of success. The Daily Pivot Points Indicator for MT5 is a powerful tool designed to provide traders with key support and resistance levels based on the previous day’s price action. In this comprehensive guide, we will delve into the features, benefits, and step-by-step installation process of the Daily Pivot Points Indicator, equipping you to incorporate this tool into your intraday trading strategy effectively.


The Daily Pivot Points Indicator is rooted in the concept of pivot points, a widely used technical analysis tool. It calculates various levels of support and resistance based on the high, low, and close prices of the previous trading day. These levels are instrumental in identifying potential price reversals, breakouts, and trend continuation points.

Key Features of the Daily Pivot Points Indicator

  1. Pivot Points Calculation: The indicator calculates several key pivot points, including the Pivot Point itself, as well as support and resistance levels known as R1, R2, R3, S1, S2, and S3.
  2. Customizable Timeframes: Traders can adjust the indicator’s settings to calculate pivot points based on different timeframes, such as daily, weekly, or monthly periods.
  3. Clear Visualization: The indicator displays pivot points and associated levels on the price chart, making it easy for traders to identify crucial price levels at a glance.

Benefits of Using the Daily Pivot Points Indicator

  1. Intraday Decision-Making: Pivot points offer real-time guidance to intraday traders by highlighting potential entry and exit points, aiding in quick decision-making.
  2. Support and Resistance Identification: Pivot points serve as reliable support and resistance levels, helping traders anticipate price movements and manage risk effectively.
  3. Trend Confirmation: Traders can assess the prevailing trend’s strength and direction by comparing price movements to pivot point levels.

How to Download and Install the Daily Pivot Points Indicator

Incorporating the Daily Pivot Points Indicator into your MetaTrader 5 platform is a seamless process. Follow these steps to get started:

  1. Download the Indicator: Locate a reputable source offering the Daily Pivot Points Indicator for free download. Save the indicator file (typically in “.ex5” format) to your computer.
  2. Access the Indicator Folder: Launch your MetaTrader 5 platform and navigate to the “File” menu. Select “Open Data Folder” to access the platform’s directory.
  3. Install the Indicator: Within the data folder, go to the “MQL5” directory and then the “Indicators” subfolder. Copy and paste the downloaded indicator file into this folder.
  4. Restart MT5: Close and reopen your MetaTrader 5 platform to ensure the Daily Pivot Points Indicator is correctly loaded.
  5. Apply the Indicator: Open a price chart for your chosen financial instrument. Right-click on the chart, select “Indicators List,” and choose the Daily Pivot Points Indicator from the list.
  6. Adjust Settings: A settings window will appear, allowing you to customize parameters such as the timeframe and color of pivot point levels. Modify the settings to align with your trading preferences and click “OK.”


The Daily Pivot Points Indicator for MT5 is an invaluable tool for intraday traders seeking to navigate the dynamic waters of short-term trading. By providing key support and resistance levels based on historical price data, this indicator empowers traders to make informed decisions and enhance their trading strategies.

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