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VR Pivot – defining key levels

VR Pivot – defining key levels

VR Pivot – defining key levels

Icon version of the program Version: 23.020

Icon program update date Updated: 13.02.2023

Icon date of adding the program Added: 18.03.2021

License: Paid-Free

3 purchases in 60 days

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Buy is an opportunity to get a product, without time limits, the number of trading accounts and brokers. The version for the MetaTrader 5 terminal is paid, the version for the MetaTrader 4, if available, is free. Payment is made via the Trading-Go website, according to the user agreement (offer). To pay for the selected product, you need to log in under your account or create an account if you don't have one yet (Registration). After paying for the selected product, in the MetaTrader terminal, in the program activation menu, click update. (Reference).
One-time purchase:
43$ 30$
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Rent ?
Rent is an opportunity to purchase a product for a certain period of time. The version for the MetaTrader 5 terminal is paid, the version for the MetaTrader 4, if available, is free. Payment is made via the Trading-Go website, according to the user agreement (offer). At the end of the lease term, you can either buy the full version or extend the lease. To pay for the selected product, you need to log in under your account or create an account if you don't have one yet (Registration). After paying for the selected rental period, in the MetaTrader terminal, in the program activation menu, click update. (Reference).
1 month:
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3 months:
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6 months:
32$ 22$
12 months:
38$ 27$
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Buy or rent in the Market of mql5 is an opportunity to purchase a product in our official representative office in the largest Market of trading applications for the MetaTrader terminal. Prices in the Trading-Go market and the market mql5.com they may differ. Terms of activation and use of products for MetaTrader in the Trading-Go market and the market mql5.com they have significant differences. Buying a product in the market mql5.com means that you have read and accepted the Terms of Use of the Market service mql5.com and the Agreement on the use of the Market service mql5.com . (Reference).
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VR Atr Pro – determining target levels
VR Atr Pro – determining target levels

Icon of the program version Version: 23.015

Icon program update date Updated: 06.02.2023

Icon date the program was added Added: 02.10.2014

License: Paid-Free

One-time purchase:
45$32$
Rent:
from 9$from 6$

The VR ATR Pro indicator is one of the most powerful indicators built on the basis of the classic ATR indicator. Unlike the classic ATR indicator, VR ATR Pro calculates target levels, that is, the levels that the price aims to reach. The VR ATR Pro indicator is most often used by professional traders, their goal is to determine the take profit (profit fixation) and stop loss (loss fixation) levels as accurately as possible.

VR Calculate Martingale Trader Calculator
VR Calculate Martingale Trader Calculator

Icon of the program version Version: 21.080

Icon program update date Updated: 17.08.2021

Icon date the program was added Added: 24.12.2015

License: Paid-Free

One-time purchase:
49$34$
Rent:
from 12$from 8$

The indicator is a powerful orders and positions calculator for the MetaTrader terminal. With the help of the indicator, it is possible to calculate any trading strategies, calculate lots, average prices for currencies, stocks, cryptocurrencies and other financial instruments.

VR Alert notification under specified conditions
VR Alert notification under specified conditions

Icon of the program version Version: 21.096

Icon program update date Updated: 27.09.2021

Icon date the program was added Added: 22.12.2015

License: Paid-Free

One-time purchase:
49$34$
Rent:
from 9$from 6$

The indicator notifies the trader about the price or other indicator reaching a given level. The notification is sent on your smartphone, email, chart or on the MetaTrader terminal.

Review

Points of Pivot are considered leading indicators, as they show levels that have not yet worked out, levels for the current period. The best period for calculating pivot points is a daily period.

Pivot points can be used in several ways:

The first way is to use dots as support and resistance levels. abrupt movements. Pivot points are best used as support and resistance levels. During such periods, professional traders set stop loss outside the breakpoints and take profit levels between the breakpoints.

The second way is to use control points as breakout levels. In situations where there is increased volatility on a financial instrument, it is recommended to use control points as breakout levels. If the price broke through the level and fixed, that is, the current period closed with a breakout of the control point, it is recommended to use this moment to enter the market in the direction of the breakout of the control point.

Third way - breakpoint levels can be used in conjunction with support and resistance levels set by the trader. If the support and resistance levels set by the trader are close to the Pivot control points, at best, it will use the Pivot control points and calculate the stop loss and take profit levels relative to the Pivot levels.

Fourth way - if you trade position networks and you have several positions of the same type in the market. To open the following positions, the best option would be to use Pivot levels. In situations where you top up along the trend, the Pivot levels breakout points will be the best entries in the direction of the trend. And in situations when you top up against the trend, Pivot points will be the best places to open a position to cut losses.

Let's look at the reversal level image:

The picture shows a highly volatile instrument, and we can clearly see how the price moved and broke through almost all points, except for the farthest and strongest R3 level. After the price failed to gain a foothold, breaking through the R3 level, the price reversed and went down. When trying again, the price failed to even break through the R2 level.

Pivot indicator

Special features of the VR Pivot indicator

  • The indicator supports the calculation of control points using several formulas:
    • Classic Pivot - classic pivot point formula;
    • DeMark Pivot - DeMark's formula;
    • Woodie Pivot - Woodie's formula;
    • Camarilla Pivot - Camarilla formula;
    • Fibonacci Pivot - Fibonacci formula;
  • The program can work together with your indicators and Expert Advisors on the same chart;
  • It is possible to analyze historical data
  • The program is written so that it displays information for a period set by the user, and does not litter the chart with historical data.
  • The indicator can calculate losses for any financial instruments (Forex, Crypto, CFD, Futures, Metals)
  • A trader can choose any timeframes for calculation
  • Suitable for both beginner and professional trader;
  • Not a large number of settings, help to selectively do synchronization;
  • Works on any financial instruments (Forex, CFD, Crypto, Metalls, Futures);
  • Easy to installation and set up, program comes with text and video instructions;
  • For the market Trading-Go
    • Supplied as archive containing versions for MetaTrader 4 and MetaTrader 5;
    • When paying in the Trading-Go market (on this page), the second version is free;
    • Can be used without payment on real accounts, free. Instructions;
    • It is possible to use the indicator on demo accounts without payment, without restrictions;
    • Works in the strategy tester;
    • Installation instructions;
  • For the Mql5 market. com

Algorithm of operation

Formulas for calculating Pivot levels

Over time, several formulas for key pivot points have been developed. Each formula is unique and interesting in its own way. In almost every formula, open (Open), close (Close), high (High) and low (Low) of the previous period.

Resistance R, Support S.

  • R1, R2, R3 – resistance levels
  • S1, S2, S3 - support levels

Classic pivot:

  • Pivot = (High + Low + Close) / 3 where
  • R1 = 2Pivot - Low;
  • S1 = 2Pivot - High;
  • R2 = Pivot + (R1 - S1);
  • S2 = Pivot - (R1 - S1);
  • R3 = High + 2 × (Pivot – Low);
  • S3 = Low - 2 × (High - Pivot) where:

Pivot Indicator

DeMark pivot formula:

  • IF (Close < Open>Pivot = High + 2 × Low + Close,
  • IF (Close > Open), THEN Pivot = 2 × High + Low + Close,
  • IF (Close = Open), THEN Pivot = High + Low + 2 × Close.
  • S1 = Pivot / 2 - Low
  • R1 = Pivot / 2 + High

Pivot indicator

Woodie pivot:

  • Pivot = (High + Low + 2 × Close) / 4
  • R1 = 2 × Pivot − Low
  • R2 = Pivot + High − Low
  • S1 = 2 × Pivot − High
  • S2 = Pivot − High + Low

Pivot indicator

Camarilla pivot formula:

  • R4 = (High − Low) × 1.1 / 2 + Close
  • R3 = (High − Low) × 1.1 / 4 + Close
  • R2 = (High − Low) × 1.1 / 6 + Close
  • R1 = (High − Low) × 1.1 / 12 + Close
  • S1 = Close − (High − Low) × 1.1 / 12
  • S2 = Close − (High − Low) × 1.1 / 6
  • S3 = Close − (High − Low) × 1.1 / 4
  • S4 = Close − (High − Low) × 1.1 / 2

Pivot indicator

Fibonacci pivot formula:

  • Pivot = (High + Low + Close) / 3
  • R1 = Pivot + (.382 * (High – Low))
  • R2 = Pivot + (.618 * (High – Low))
  • R3 = Pivot + (1 * (High – Low))
  • S3 = Pivot - (1 * (High - Low))
  • S2 = Pivot - (0.618 * (High - Low))
  • S1 = Pivot - (.382 * (High - Low))

Pivot indicator

Recommendations

  • Use the indicator to calculate control levels for a daily period, the longer the period, the more accurate and better the control points.
  • Use pivot levels in conjunction with your trading strategy, don't neglect breakpoints.
  • Analyze historical data using the VR Pivot indicator to help you understand the behavior of a financial instrument.
  • Take screenshots of the chart, this will help you understand the price movement at the end of the working day.
  • Avoid level trading when important economic news is released.

Settings

[-] === Main Settings === [-] - Main settings;

  • Type Pivot - Pivot type of levels;
    • Classic Pivot - Classic Pivot points;
    • DeMark Pivot - DeMark Pivot Points;
    • Woodie Pivot - Woodie Pivot points;
    • Camarilla Pivot - Camarilla Pivot Point;
    • Fibonacci Pivot - Fibonacci Pivot points;
  • Length of lines - Length of levels in bars;
  • Show Price - Show price at levels;
    • No text - Off;
    • Text- Text;
    • Label - Price icon;
  • Time Frame - Calculation period;
  • Prefix - Prefix;

[-] === Level Pivot Point === [-] - Levels Pivot Point;

  • PP Color - PP Color;
  • PP Width - PP Thickness;
  • PP Style - PP Style;

[-] === Level R1 === [-] - Level R1;

  • R1 Color - R1 Color;
  • R1 Width - R1 Thickness;
  • R1 Style - R1 Style;

[-] === Level R2 === [-] - Level R2;

  • R2 Color - R2 Color;
  • R2 Width - R2 Thickness;
  • R2 Style - R2 Style;

[-] === Level R3 === [-] - Level R3;

  • R3 Color - R3 Color;
  • R3 Width - R3 Thickness;
  • R3 Style - R3 Style;

[-] === Level R4 === [-] - Level R4;

  • R4 Color - R4 Color;
  • R4 Width - R4 Thickness;
  • R4 Style - R4 Style;

[-] === Level S1 === [-] - Level S1;

  • S1 Color - S1 Color;
  • S1 Width - S1 Thickness;
  • S1 Style - S1 Style;

[-] === Level S2 === [-] - Level S2;

  • S2 Color - S2 Color;
  • S2 Width - S2 Thickness;
  • S2 Style - S2 Style;

[-] === Level S3 === [-] - Level S3;

  • S3 Color - S3 Color;
  • S3 Width - S3 Thickness;
  • S3 Style - S3 Style;

[-] === Level S4 === [-] - Level S4;

  • S4 Color - S4 Color;
  • S4 Width - S4 Thickness;
  • S4 Style - S4 Style;

Video

Updates

Version 23.020 - 13.02.2023

Increased the speed of the indicator;
Added the ability to select the type of price display. It can be text, or an icon;

Update history — latest 5 versions

Version 21.080 - 17.08.2021

The program is compiled in the latest version of the MetaTrader terminal

To hide the update history

FAQ

What is the profitability of the program?
What is the profitability of the program?
    
This program is an indicator. The program does not trade automatically. The profitability of using the indicator depends on the experience and skills of the trader.
    
Can I get a demo version of the program?
    
Can I get a demo version of the program?
    
Yes, if you have not used our programs before, you are automatically allocated a trial period of 30 days for a real account. There are no restrictions for a demo account and strategy tester.
    
I found a site where the program is cheaper!?
    
I found a site where the program is cheaper!?
    
You can buy the original copy of the program only on this site or in the Mql5 market, any other offers are fraudulent.
    
Is there technical support?
    
Is there technical support?
    
Yes, there is technical support, you can write your questions directly to the author in the online chat, in the telegram group https://t.me/tradinggoen

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