Metatrader Pivot Points Indicators in forex trading – calculate pivot points automatic

If you need to draw the pivot points in Metatrader, you need to calculate those points manually and then draw them on a chart. This whole procedure will consume a lot of your precious time and also needs a lot of hard work especially if the currency pairs are more than one. You can easily find numerous custom indicators on the internet. To install a custom indicator you have to download it and save that indicator in indicators folder given in your Metatrader application. Here are a few links which will help you to download these indicators from the internet.
ZMFX pivot level Indicator:
This collects the pivot points on monthly, weekly and daily basis and draws both resistance and supports line on a single graph. You can also customize it according to your needs. If you want to check monthly, weekly or daily pivot points, all you need is to click on the properties and select show monthly pivots, show weekly pivots or show daily pivots only.
You can easily download this indicator from below mentioned link

http://codebase.mql4.com/7421

Demarker Indicator:
This pivot indicator uses a formula formulated by Tom Demarker. It displays only daily pivot-points, resistance and support lines in the form of a graph.
You can easily download this indicator from below mentioned link

http://codebase.mql4.com/486

Fibonacci Indicator:
This pivot indicator uses a formula formulated by Fibonacci. It displays only daily pivot-points, resistance and support lines in the form of a graph.
You can easily download this indicator from below mentioned link

http://codebase.mql4.com/1985