Pivot points are one of the most widely used tools in intraday trading. They help traders identify potential support and resistance levels based on the previous trading session. However, standard pivot indicators often fail to account for time zone differences, which can significantly affect the accuracy of calculated levels.

The TzPivots Indicator for MT4 & MT5 is designed to solve this problem by allowing traders to calculate pivot points based on a custom trading session and time zone. This makes it especially useful for traders who follow specific sessions such as London, New York, or Asia.

What Is the TzPivots Indicator?
The TzPivots Indicator is a MetaTrader indicator that calculates pivot points, support levels, and resistance levels using its own formula based on the previous trading session.

It should be attached to an H1 or lower timeframe chart and is mainly intended for intraday trading. The calculated levels can be used as potential entry points, exit points, take-profit targets, or stop-loss levels.

The indicator is fully compatible with both MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Levels Displayed by the Indicator
In addition to standard pivot points, the TzPivots Indicator can optionally display several advanced levels:

• Central Pivot Point
• Support and Resistance levels
• Previous session’s High and Low
• Today’s Open price
• Midpoint pivots
• Sweet Spots
• Fibonacci pivot levels
• Camarilla pivot levels

This flexibility allows traders to customize the indicator according to their preferred trading style.

How the TzPivots Indicator Works

• The indicator uses historical price data from the selected trading session.
• Time zone settings allow accurate alignment of sessions regardless of broker server time.
• Pivot levels are calculated once per session and plotted as horizontal lines on the chart.
• Labels and prices can be displayed next to each level for clarity.

Because it recalculates levels based on session data, TzPivots is particularly useful for traders who rely on session-based market behavior.

Key Features

• Custom time zone–based pivot calculations
• Accurate intraday pivot points
• Multiple pivot calculation methods
• Support for custom trading sessions
• Clear and customizable chart display
• Works on all symbols and intraday timeframes
• Available for MT4 and MT5

Input Parameters Explained
Time Zone & Session Settings

• LocalTimeZone (default: 0)
  Time zone of your broker’s server (e.g., New York = -5).
• DestTimeZone (default: 0)
  Time zone of the trading session you want to use (e.g., London = 0).
• TradingHoursFrom / TradingHoursTo
  Defines a custom trading session range.
• ShiftDays (default: 0)
  Shifts calculations backward by a specified number of sessions.

Pivot & Level Display Settings

• ShowPivots
  Enable or disable standard pivot points.
• ShowMidPivot
  Displays midpoint pivot levels.
• ShowHighLowOpen
  Displays previous High, Low, and today’s Open.
• ShowSweetSpots
  Enables Sweet Spot levels.
• ShowFibos
  Enables Fibonacci pivot levels.
• ShowCamarilla
  Enables Camarilla pivot levels.

Visual & Label Settings

• Line styles, thickness, and colors
• Price labels next to levels
• Vertical day separators
• Custom label offsets
• Optional commentary panel showing session statistics

How to Use TzPivots in Trading
TzPivots does not generate automatic buy or sell signals. Instead, it provides reliable price levels that traders can use in their own strategies.

Common Trading Applications

• Buying near support levels
• Selling near resistance levels
• Using the central pivot as a reversal zone
• Setting take-profit levels at higher pivot lines
• Using distant pivot levels as breakout confirmation

Trading Insight
The central pivot has the highest probability of price reaction. Support and resistance levels become progressively weaker the farther they are from the central pivot, making them easier to break.

Installation Guide
Installation for MT4

• Download the indicator files.
• Open MetaTrader 4.
• Go to File → Open Data Folder.
• Open the MQL4 folder.
• Copy the indicator files into the folder.
• Restart MT4 or refresh the Navigator panel.

Installation for MT5

• Download the indicator files.
• Open MetaTrader 5.
• Go to File → Open Data Folder.
• Open the MQL5 folder.
• Copy the indicator files into the folder.
• Restart MT5 or refresh the Navigator panel.

Conclusion
The TzPivots Indicator for MT4 & MT5 is a powerful and flexible pivot point tool designed for serious intraday traders. By allowing custom time zone and session-based calculations, it provides more accurate and relevant pivot levels than standard indicators.

When combined with price action or technical strategies, TzPivots can significantly improve trade planning, risk management, and overall market analysis.

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