Pivot Points remain one of the most established ways to identify potential support and resistance levels in the forex market. The latest cTrader Pivot Point Indicator provides traders with four calculation methods—Classical, Fibonacci, Camarilla and Woody—offering flexibility when analysing intraday and higher-timeframe structure.
The indicator supports multiple pivot periods, including intraday, daily, weekly, and monthly. Traders can display up to four support (S1–S4) and resistance (R1–R4) levels, adjust line styles and colours and choose how price labels appear on the chart.
Because they are based on prior session data, Pivot Points adapt naturally to changing volatility conditions.
Fibonacci: Applies Fibonacci ratios to the prior range, producing levels that often match retracement behaviour.
Camarilla: Generates eight compressed levels designed for intraday reversal setups.
Woody: Weights the previous close more heavily, offering slightly different structural levels in trending markets.
Download the indicator here: https://clickalgo.com/pivot-point
The indicator supports multiple pivot periods, including intraday, daily, weekly, and monthly. Traders can display up to four support (S1–S4) and resistance (R1–R4) levels, adjust line styles and colours and choose how price labels appear on the chart.
Why Many Traders Use Pivot Points
Pivot Points are valued for their objectivity and formula-based approach. They do not rely on discretionary interpretation and can help traders:- Identify potential turning points.
- Anticipate breakout or consolidation zones.
- Set predefined targets or stop levels.
- Combine structure with trend or momentum filters.
Because they are based on prior session data, Pivot Points adapt naturally to changing volatility conditions.
Summary of Calculation Methods
Classical: Uses the average of the previous session’s high, low and close.Fibonacci: Applies Fibonacci ratios to the prior range, producing levels that often match retracement behaviour.
Camarilla: Generates eight compressed levels designed for intraday reversal setups.
Woody: Weights the previous close more heavily, offering slightly different structural levels in trending markets.
Download the indicator here: https://clickalgo.com/pivot-point
