MetaTrader 5 Automatic Pivot Line Indicator Download | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The Automatic Pivot Line Indicator is a technical analysis tool that automatically identifies potential market reversal areas by analyzing the last 20 highs and lows of the data.

This MetaTrader 5 trading tool evaluates the open, high, low and close price data of each candle, identifies three consecutive peaks or troughs in the same direction as the pivot point, and draws lines to indicate price retracement levels .

Automatic Pivot Line Specification Sheet

The following table shows the general features and specifications of the Automatic Pivot Line Indicator on the MetaTrader 5 platform:

Automatic pivot lines at a glance

The automatic pivot line indicator identifies three consecutive peaks or troughs , then draws a pivot line displayed as a dashed extension .

To indicate different time frames, it uses: Blue for long-term levels (based on 20 pivots), Green for mid-term levels (based on custom mid-pivot), Red for short-term levels (on the current time frame).

Uptrend Conditions

The image below shows the DOGE/USDT price chart on a 4-hour timeframe .

The indicator analyzes the last 20 pivot points , identifies three aligned peaks , and draws a blue line based on them. When price reaches this blue line, a price reversal or trend change often occurs.

downtrend conditions

In the 1-hour timeframe of the AUD/NZD currency pair, the Auto Pivot Line Indicator identifies three consecutive peaks in the short-term range and draws a red line . When price touches this line, it signals the beginning of a downtrend .

Automatic Pivot Line Indicator Settings

The settings panel for the Auto Pivot Line Indicator looks like this:

• Display of long-term ZigZag lines: Toggle visibility of long-term ZigZag lines
• Pivot Period for Long-Term ZigZag Lines: Sets the pivot interval used for long-term ZigZag calculations
• Long zigzag line style: Choose the long zigzag line design style
• Long-Term ZigZag Color: Select a color to apply to the long-term ZigZag pattern
• Long Zigzag Line Width: Adjust the stroke thickness of the long zigzag line path
• Display of long-term pivot lines: Show or hide pivot lines derived from long-term analysis
• Display of mid-term ZigZag lines: Enables the drawing of mid-term ZigZag structures
• Pivot period for mid-term ZigZag lines: defines the bar range for mid-term pivot calculation
• Medium ZigZag Line Style: Select a style to display medium ZigZag lines.
• The color of the mid-term zigzag line: Specify the color for the mid-term zigzag adjustment wave segment
• Medium-term Zigzag Line Width: Modify the line width of medium-term trend descriptions
• Enable display of mid-term pivot lines: Turn on the display of pivot lines for the mid-term area
• Display of short-term ZigZag lines: Activate the Short-term ZigZag display option
• Pivot Periods of Short-term ZigZag Lines: Configure Pivot Periods for Short-Term Market Volatility
• Style of short-term zigzag lines: Customize the visual format of short-term zigzag lines
• Color of Short-Term ZigZag Lines: Apply specific colors to highlight short-term price changes
• Short-term ZigZag line width: Sets the line thickness for short-term ZigZag rendering
• Display of Short-term Pivot Lines: Shows the latest pivot lines for short-term action

Conclusion

The Automatic Pivot Line Indicator analyzes the last 20 highs and lows , identifies three aligned pivot points , and automatically draws lines on the chart.

These lines use extended dashed lines to significant reversal or trend continuation areas and are color coded as: Blue for long-term, Green for mid-term, Red for short-term time frames.