Pivot Point Profile V1.0 Indicator MT5 – The Ultimate Guide for Smart Traders
In the fast-paced world of forex and CFD trading, technical indicators are vital tools that help traders make informed decisions. One such powerful tool is the Pivot Point Profile V1.0 Indicator for MetaTrader 5 (MT5). This indicator blends the strength of pivot points and volume profile analysis, providing a strategic edge to traders seeking clearer support and resistance levels.
In this post, we will explore how the Pivot Point Profile V1.0 Indicator works, how to install and use it effectively on the MT5 platform, and why it’s a must-have tool in any trader's arsenal.
What Is the Pivot Point Profile V1.0 Indicator for MT5?
The Pivot Point Profile V1.0 Indicator is a hybrid indicator that combines classic pivot point analysis with volume profile data to generate more accurate and dynamic trading zones. It’s designed for the MetaTrader 5 trading platform, offering traders a comprehensive view of potential support and resistance levels based on historical price action and volume.
Key Features:
- Automatically plots daily, weekly, and monthly pivot points
- Integrates volume profile to highlight high-activity price levels
- Customizable timeframes and calculation methods
- Highlights key zones: Point of Control (POC), Value Area High/Low
- Visual and data clarity to assist both day traders and swing traders
Why Use Pivot Points with Volume Profile?
Pivot points have long been used in trading to predict potential support and resistance areas. By combining these with volume profile—a tool that shows how much volume occurred at specific price levels—you get a more complete picture of market sentiment.
For example:
- A pivot level with high volume confirmation becomes a stronger barrier.
- Volume profile can highlight hidden levels not visible through price action alone.
- Helps identify consolidation zones, breakout points, and value areas.
How to Install the Pivot Point Profile V1.0 on MT5
- Download the Indicator File (.ex5)
- Ensure you get it from a trusted source or the MetaTrader Market.
2. Copy to MT5 Directory
- Navigate to:
File > Open Data Folder > MQL5 > Indicators - Paste the
.ex5file into the folder.
3. Restart MT5
- Or right-click on "Indicators" in the Navigator and click "Refresh."
4. Attach to Chart
- Open your desired chart, go to the "Navigator" panel, drag the Pivot Point Profile V1.0 onto the chart.
5. Customize Settings
- Set your preferred pivot type: Standard, Fibonacci, Camarilla, Woodie, or DeMark.
- Adjust volume profile sensitivity and visualization options.
Understanding the Indicator Components
The Pivot Point Profile V1.0 plots several crucial elements:
- Pivot Point (P) – The central level derived from high, low, and close prices.
- Support Levels (S1, S2, S3) – Indicate potential buy zones.
- Resistance Levels (R1, R2, R3) – Mark potential sell or breakout areas.
- Point of Control (POC) – The price level with the highest volume activity.
- Value Area (VAH & VAL) – Zones where 70% of trading activity occurred.
Each of these elements provides strategic entry and exit points based on past market behavior.
Best Strategies Using Pivot Point Profile V1.0
1. Breakout Strategy
Watch for price breaking above R1 or below S1 with strong volume. Confirm using the POC level—if price breaks and closes beyond it, it indicates a strong directional move.
2. Reversal Strategy
When price reaches S3 or R3 and starts consolidating, it may signal a reversal. Look for divergence with RSI or MACD for confirmation.
3. Range-Bound Trading
If price is moving between P and S1 or R1, trade within that channel. Use volume profile to identify the most reactive zones.
Benefits of the Pivot Point Profile V1.0 Indicator
- Accuracy – Combines historical pivot data with live volume levels.
- Time Efficiency – Automatically calculates and updates pivots and volume.
- Enhanced Decision Making – Clear visualization reduces analysis time.
- Flexibility – Works on multiple timeframes (M15, H1, H4, D1).
- Professional Grade – Suitable for beginner and experienced traders alike.
Who Should Use This Indicator?
This indicator is ideal for:
- Day traders looking for intraday support/resistance zones.
- Swing traders analyzing higher timeframe pivots.
- Scalpers using precise volume-based entries.
- Technical analysts integrating multiple confirmation tools.
Limitations to Consider
While powerful, no indicator is perfect:
- Lagging nature – Based on historical data; not predictive on its own.
- False breakouts – Can still occur near pivot or POC levels.
- Works best when combined with price action, candlestick patterns, and other indicators (e.g., RSI, MACD).
Final Thoughts
The Pivot Point Profile V1.0 Indicator for MT5 is a robust, intelligent tool for traders who want to combine price structure with volume data. By leveraging this indicator, you gain not only pivot-based trading insights but also a deeper understanding of where the market’s interest truly lies.