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• How to install MT4 on Mac. MT4 has been designed to be used on a PC. This is because it uses a.NET framework, which is not supported on Mac. With that being said, there are methods that you can use to launch MT4 on a Mac, such as using a VPS or third-party software available directly from the MetaTrader 4 website.
• How to Install the MT4 Pivot Point Indicator. Installing the MT4 Pivot Point Indicator is quite easy. Here are the steps to take: 1. Download the indicator. Locate the Pivot Point indicator file(s) and copy the file(s) 3. Open Data Folder in MT4. In the new window that opens, click to open the MQL4. Open the “Indicators” folder.

Then copy/paste your indicators and expert advisors into the MT4/experts or MT4/indicators folder. StepByStep instructions: 1) Download and save your MT4 files (ex4 and mq4) on Mac. (Read our article How download MetaTrader on Mac) 2) Click “Finder” 3) Click “Applications”. Find the ‘MetaTrader for Mac’ = right click on it.

How To Install Pivot Points For Mt4 On Mac Os

The indicator automatically draws important Pivot Levels in the MT4 terminal using the most popular calculation methods: Classical, Camarilla, Woodie, Fibonacci, CPR.

It's probably one of the best Pivot indicators for MT4. Also, it is absolutely free and available for download without registration.

How to Use Pivot Points

The very essence of trading with Pivot Points is based on the idea that the price tends to reach yesterday's close point much more often than to overcome the previous day range. That's why the most popular calculation period for Pivot Points is Daily.

In that context, all Pivot levels play the role of support and resistance.

While analyzing the chart, we can see multiple price interactions with these levels.

Also, one of the advantages of the Pivot indicator is its popularity, as the more traders use the same tool, the more likely the price will interact with it.

Calculation Modes and Formulas

For calculating levels, HIGH (H), LOW (L) and CLOSE (C) data for the previous period are used, usually, it is a day, week, month or hour.

While calculating Pivots the concept of RANGE (R) is also used. Its value is determined by the formula: H – L.

PP – Pivot Point;
S1-S4 – Support levels;
R1-R4 – Resistance levels.

You should also consider the differences between the Forex market and the Stock market.

Initially, Pivot levels were used in the stock market, where the previous day's closing price is very important and significantly affects the traders' behavior psychology during the next day. In contrast, Forex works around the clock, so the end of the trading day coincides with the beginning of the next one.

Classic (Floor)

The most common method of calculating Pivot Points. The main (blue) line here plays the role of a key support/resistance level.

PP = (H + L + C) / 3
R1 = (2 * PP) – L
R2 = PP + RANGE
R3 = PP + RANGE * 2
R4 = PP + RANGE * 3
S1 = (2 * PP) – H
S2 = PP – RANGE
S3 = PP – RANGE * 2
S4 = PP – RANGE * 3

Camarilla

Camarilla levels are located much closer to the current price, therefore, interactions with them occur much more often. This technique is suitable for those who perform short-term trades.

R1 = C + RANGE * 1.1 / 12
R2 = C + RANGE * 1.1 / 6
R3 = C + RANGE * 1.1 / 4
R4 = C + RANGE * 1.1 / 2
S1 = C – RANGE * 1.1 / 12
S2 = C – RANGE * 1.1 / 6
S3 = C – RANGE * 1.1 / 4
S4 = C – RANGE * 1.1 / 2
PP = (S1 + R1) / 2

Please note, above PP formula is somewhat different from the generally known Camarilla method. Here we offer you a modified calculation, as using the traditional approach, we get a level that does not correspond to the logic of other support and resistance levels.

Woodie

This technique is similar to the classical one, but more attention is given to the closing price of the period while calculating the basic PP line.

PP = (H + L + (C * 2)) / 4
R1 = (2 * PP) – L
R2 = PP + RANGE
R3 = R1 + RANGE
R4 = R3 + RANGE
S1 = (2 * PP) – H
S2 = PP – RANGE
S3 = S1 – RANGE
S4 = S3 – RANGE

Fibonacci

The theory of Fibonacci numbers is commonly used in the Forex market. Pivot Points is not an exception. According to this method, the levels of resistance and support are determined by multiplying the range (R) to the corresponding Fibonacci numbers.

PP = (H + L + C) / 3
R1 = PP + (R x 0.382)
R2 = PP + (R x 0.618)
R3 = PP + (R x 1.000)
R4 = PP + (R x 1.618)
S1 = PP – (R x 0.382)
S2 = PP – (R x 0.618)
S3 = PP – (R x 1.000)
S4 = PP + (R x 1.618)

Central Pivot Range (CPR)

It is a more expanded version of the classic Pivot Point calculation techniques. This indicator differs from the others in that it does not have usual support and resistance levels. Instead, here we have three pivot lines: a central one and the upper and lower boundaries, which form the Central Pivot Range.

The CPR formula looks like this:
TC = (Pivot – BC) + Pivot
Pivot = (High + Low + Close)/3
BC = (High + Low)/2

How To Install Pivot Points For Mt4 On Mac Computer

Here we have:
TC – Top Central Pivot;
Pivot – Central Pivot;
BC – Bottom Central Pivot.

CPR helps a trader to forecast the future market situation by analyzing over days whether the pivots are higher or lower, or whether the range width is narrowing or widening.

For example, if CPR is narrow for multiple days, it usually indicates the major breakout or breakdown in the nearest future. Or when the market is closing with the price above the day's CPR, it might be a signal for the bullish trends for the next day.

Which of these Pivot Points calculation methods is the best? There is no best or worst method. In fact, each of them can work, and you should make a choice based on your beliefs in trading.

Indicator Settings

The indicator is designed in the 'All In One' format. This means you can customize it according to your wishes, as we did our best to include all of the most popular functions in this MT4 indicator.

Please, contact us if you have any special wishes or improvement ideas, we will gladly consider them.

Calculation Method – select the method of Pivot Points calculation: Classical, Camarilla, Woodie, Fibonacci. The formulas for each method are described above.

How To Install Pivot Points For Mt4 On Mac Free

Calculation Period – It determines the period for which the values of High, Low, Close will be taken.

Available periods:

• Hourly;
• Daily;
• Weekly;
• Monthly.

Number of Periods to show. The number of previous periods to be displayed on the chart. This parameter is not taken into account if the option 'Show only the current period' is set.

Show Only Recent Period. Display one or more calculation periods.

How To Install Pivot Points For Mt4 On Mac Download

Depth of Levels – limits the number of displayed support and resistance lines on the chart.

Right Shift – continue the line to the full length of the right indent on the chart.

Color Scheme – automatic detection of the color scheme for the indicator. It is also possible to change the background color manually.

How to add PivotPoints.All-In-One in MT4

Follow the instructions below to install the Indicator to your MT4 terminal:

1. Download the ZIP-archive with PivotPoints.All-In-One indicator file by clicking the link at the top of the page;
2. Unzip the file into the MQL4/indicators folder of your terminal;
3. Restart the MT4 terminal;
4. Run the indicator by double clicking the indicator name in the MT4 Navigator;
5. Check the 'Allow DLL imports' box and click 'OK';
6. The indicator will be displayed on the chart;
7. Adjust the indicator’s settings according to your needs: press CTRL+I, select the indicator from the list, and switch to the 'Inputs' tab.

If you have any difficulties while installing the indicator, please view the detailed instruction.

Pivot Point Extra Indicator for MetaTrader 4

• The most optimized, highly robust and easy to use Pivot Point indicator for free
• Our Pivot Point indicator is based on advanced algorithm of calculating the pivot point and support and resistance levels
• Incredibly accurate prediction of future important price levels and possible market reversals
• Useful for all markets (forex, commodities, stocks, indices and others) and timeframes
• Compatibility: MetaTrader 4
• Monthly updated for free

The Pivot Point Extra Indicator is based on a special mathematical algorithm that can predict future reversals of any market with a high probability. Our Pivot Point indicator is extremely easy to use and trade. The indicator uses the D1 time-frame for its calculation. So especially the intraday traders will get the most from our exclusive Pivot Point indicator.
The indicator always displays the main pivot point (yellow line). The indicator also displays 3 important resistance levels (red lines) and 3 important support levels (blue lines). It does not matter which time-frame you will choose - the indicator is always calculated based on the daily time-frame.

Our Pivot Point Extra indicator always delivers the most accurate price levels. And you can trade with the indicator like with any other Pivot Point indicator. If a market is close to the resistance levels (R1, R2, R3) - a downside move is usually expected. On the other side, if a market is near the support levels (S1, S2, S3) - a bullish reversal is usually expected.

It is also possible to use the indicator very effectively in a conjunction with other forex indicators or trading system . Especially placing Stop-Loss or Profit-Target levels based on the Pivot Point indicator is usually a very good idea, because a price reverses from support (S1, S2, S3) and resistance (R1, R2, R3) levels very often and very accurately.
The middle pivot point level can be used to identify a sentiment - price above the middle pivot point means bullish sentiment while price below the middle pivot point means bearish sentiment. It is also good to note that price tends to reach the middle pivot point with a probability of 70% during a trading day.

We wish you a lot of profitable trades with our powerful Pivot Point Extra indicator!

How To Install Pivot Points For Mt4 On Machine

Do you need help with installing this indicator into MT4 for Windows or Mac OS?
Our guide HERE will help you.