Good pivot point indicator for MT5?

<p id="isPasted">PivotPoint - indicator for MetaTrader 5</p><p>okh | English</p><p>Published by: <a href="https://www.mql5.com/en/users/okh" target="_blank" rel="noopener noreferrer">okh</a></p><p>Views: 143597</p><p>Rating: 4.5/5 stars (141)</p><p>Published: 2010.04.01 16:17</p><p>Updated: 2016.11.22 07:32</p><p><a href="https://www.mql5.com/en/code/download/95/pivot.mq5" target="_blank" rel="noopener noreferrer">pivot.mq5</a> (4.25 KB) <a href="https://www.mql5.com/en/code/95#" target="_blank" rel="noopener noreferrer">view</a></p><p><a href="https://www.mql5.com/en/code/download/95.zip" target="_blank" rel="noopener noreferrer">Download as ZIP</a>,<a href="https://www.metatrader5.com/en/metaeditor/help/workspace/toolbox#codebase" target="_blank" rel="noopener noreferrer">&nbsp;How to download code from MetaEditor</a></p><p><br></p><p id="isPasted">Pivot Points are always very useful for trading, this is a simple way to have some idea of where the market is heading during the day.</p><p>The indicator also provides the first three supports and resistances.</p>

<p id="isPasted">For MetaTrader 5 (MT5), the most effective pivot point indicators are those that offer multiple calculation methods (like Camarilla or Fibonacci) and support multi-timeframe analysis.&nbsp;</p><p><strong>Top Recommended Indicators</strong></p><ul><li>PivotPoints.All-In-One (Free): Often cited as one of the best for MT5, it supports Classic, Camarilla, Woodie, Fibonacci, and CPR (Central Pivot Range) calculations in a single tool.</li><li>Ultimate Pivot Levels: A versatile tool that allows for manual value entry or standard calculation methods. It uniquely features rectangle area drawing to highlight support/resistance zones rather than just thin lines.</li><li>Pivot Point Supertrend: This hybrid indicator combines stable pivot-based support/resistance levels with a Supertrend trend-following line. It is highly effective for filtering noise and providing clear buy/sell signals.</li><li>Auto Pivot Point Indicator: Automatically calculates levels based on historical data (daily, weekly, or monthly) and is ideal for identifying entry/exit points for intraday trading.&nbsp;</li></ul><p><strong>Choosing the Right Calculation Method</strong></p><ul><li>Classic (Floor): Best for standard intraday trading using the previous day's high, low, and close.</li><li>Camarilla: Provides tighter levels closer to the current price, making it ideal for scalping and fast-paced intraday moves.</li><li>Fibonacci: Uses Fibonacci ratios (0.382, 0.618) to determine levels, which is preferred in trending or highly volatile markets.</li><li>Woodie: Gives more weight to the previous session's closing price, making the levels more reactive to recent sentiment. </li></ul><p><strong>How to Install and Use</strong></p><ul><li>Installation: Download the .ex5 file and place it in the MQL5 &gt; Indicators folder of your MT5 terminal.</li><li>Configuration: In the "Inputs" tab, set the Calculation Period to "Daily" for day trading or "Weekly/Monthly" for swing trading.</li><li>Strategy: Use the central pivot (PP) to determine market bias; trading above it is bullish, while trading below it is bearish. </li></ul>