I have created and released an indicator that automatically draws 11 pivot lines on MT5 charts.

What are PIVOT lines?

Pivot lines are lines calculated based on the central price of the market, used by traders to determine support (lower price targets) and resistance (upper price targets). They are calculated from the previous day's high, low, and close prices, providing clues to market trends. This is a useful tool even for beginners as a reference for buying and selling decisions. If you want to learn more, please search online for detailed information.

Differences from the previous version

Previously, I created an indicator that automatically draws pivot lines on MT4, but when diagonal lines appear at the change of day, they can become very difficult to see depending on the timeframe or usage! Therefore, I modified it to only display horizontal lines without diagonal lines, making it clearer, and released it as version 2.

バージョン１とバージョン２

MT5 Indicator that displays pivot lines

This is how the indicator appears when displayed on the chart.

The ⅛ chart uses a 1-hour timeframe.

Currently, only daily pivots are used, so they are not displayed on timeframes of 4 hours or more. ピボットラインを自動で引いてくれるインジケーター

Sharing

Published on August 30, 2025

Inputs

Various customization options are available. Details will be explained later. インプット

Colors

All colors can be changed via inputs, so this tab will not be used. カラー

Display options

If there are timeframes you do not want to display, please uncheck them here.

Explanation of inputs

[Line Thickness]You can select the line thickness from five levels. ラインの太さを変更可能

[Line Type]You can choose from five different line styles.[Label Display]You can toggle the display of the pivot labels (text) on the right side of the lines. ピボットラベルの表示切替

[Text Size]You can set the size of the pivot labels (text) on the right side of the lines with a numerical value. ラベルのサイズ

[Shift Labels to the Right] ラベルを右にずらすことが可能

[Number of Candles to Extend Lines to the Right]You can extend the pivot lines to the right. ラインを右に延ばすことができます

This is the default setting. デフォルトのライン表示位置

Increasing the value will extend the lines further to the right, as shown here. 設定数値を大きくするとラインが右に伸びます

Note:

Adjust label position ラベルの位置を調整してください

【Included Items】・Pivot Line Indicator ×1 (BLW-Pivot5v2.ex5)

[MT5 Version] An indicator that automatically draws pivot lines (a total of 11 lines including R5, R4, R3, R2, R1, PP, S1, S2, S3, S4, S5)