Strifor Pivot + ATR Target — Pivot Levels, Volatility-Based Targets, and Market Analytics for MetaTrader 5

Strifor Pivot + ATR Target is a technical analysis indicator for MetaTrader 5 that combines classic Pivot levels, dynamic Average True Range (ATR)-based targets, and an integrated analytics panel to help traders assess current market conditions.

The indicator automatically identifies key support and resistance levels, measures how much of the daily price range has already been covered, and estimates the remaining movement potential based on average volatility. Instead of performing manual calculations, traders can access structured price levels and volatility metrics directly on the chart.

Designed for intraday and medium-term analysis, Strifor Pivot + ATR Target helps traders evaluate market context, compare potential trade scenarios, and make more informed decisions based on price structure and volatility.

Classic Pivot Levels for Market Structure Analysis

Strifor Pivot + ATR Target automatically calculates and displays classic Pivot levels using data from the previous trading day.

The indicator plots:

• PP (Pivot Point): the central reference level.
• R1, R2, R3: resistance levels above the Pivot Point.
• S1, S2, S3: support levels below the Pivot Point.

These levels help traders evaluate the current price relative to key reference points, identify potential reaction zones, and analyze the structure of the daily price movement.

Pivot levels can be incorporated into strategies involving breakouts, retests, potential reversals, and trend continuation scenarios. Their relevance depends on market conditions, and a price reaction at any given level is never guaranteed.

ATR-Based Targets to Assess Market Movement Potential

Price levels alone do not always provide enough context for evaluating a trading opportunity. It is also important to understand how actively the market is moving and how much of its typical daily range has already been covered.

Strifor Pivot + ATR Target uses the Average True Range (ATR), a measure of average market volatility, to calculate additional price targets based on configurable percentages of ATR.

The indicator provides separate reference targets for both directions:

• ATR Long: targets for assessing potential upward movement.
• ATR Short: targets for assessing potential downward movement.

The ATR percentage values can be adjusted to suit different instruments and analytical approaches.

These targets are not predictions that the market will reach a specific price. They represent volatility-based reference ranges that help traders compare potential trade scenarios with the market's current activity.

Analytics Panel: Key Market Metrics at a Glance

The built-in analytics panel brings together essential volatility and daily-range data, allowing traders to monitor market conditions directly from the chart without performing additional calculations manually.

The panel displays:

• Current ATR value: the average volatility reading for the selected period.
• Percentage of the daily range covered: how much of the reference daily range the price has already traversed.
• Remaining movement potential: an estimate of the untraversed portion of the reference range.
• Movement estimates from the day's High and Low: additional reference points for evaluating potential price movement from the current daily extremes.

The information updates in real time, helping traders monitor changes in market activity as the daily range develops.

For example, if the price has already covered a substantial portion of its typical daily range, a trader can take this into account when evaluating a late entry. If the current range remains relatively narrow, the trader may want to assess whether the planned scenario is consistent with prevailing volatility conditions.

These metrics do not determine market direction. Instead, they provide additional context for evaluating price movement and potential trading opportunities.

How Strifor Pivot + ATR Target Works

The indicator combines two complementary approaches to technical analysis: price levels calculated from the previous trading day's data and volatility estimates derived from ATR.

Its core workflow consists of four stages:

1. Pivot level calculation. The indicator uses the previous trading day's data to calculate PP, R1–R3, and S1–S3.
2. ATR target calculation. Using the selected ATR period and configurable percentage values, it determines reference targets for upward and downward movement.
3. Daily range assessment. The indicator compares the current price movement with the selected average volatility reference.
4. Analytics display. Price levels and key volatility metrics are presented on the chart and in the information panel.

Settings allow traders to select the source timeframe for the previous day's data and adjust calculation parameters. Regular Trading Hours (RTH) functionality is also available for workflows that require session-based market data.

Practical Applications in Trading Analysis

Strifor Pivot + ATR Target can support several stages of trade preparation and market analysis.

Identifying potential price reaction zones. Pivot levels highlight areas where traders may want to monitor price behavior more closely.

Evaluating movement potential. ATR targets help compare an anticipated price move with the instrument's typical volatility.

Assessing late entries. Daily-range metrics provide context on how far the price has already moved, helping traders evaluate whether an entry still offers sufficient potential.

Planning alternative scenarios. Combining Pivot levels with ATR-based targets makes it easier to examine possible breakouts, continuations, and reactions around significant price areas.

Supporting risk management. Daily-range and volatility metrics can complement the process of evaluating potential reward relative to risk. The indicator does not calculate a universal position size or replace independent risk management.

Flexible Settings for Your Trading Strategy

Strifor Pivot + ATR Target includes configurable parameters that allow traders to adapt the calculations and chart presentation to their preferred analytical approach.

Available settings include:

• Classic Pivot level calculation method.
• Selection of the timeframe used for previous-day data.
• ATR calculation period.
• Percentage values for ATR-based targets.
• Color customization for Pivot levels and ATR targets.
• Analytics panel position and appearance.
• Regular Trading Hours (RTH) functionality.
• Alerts for level touches and ATR target achievements.

The visual settings can be adjusted to keep important reference levels clearly distinguishable without unnecessarily cluttering the chart.

The indicator supports MetaTrader 5 accounts using both Hedging and Netting modes.

Markets and Instruments

Strifor Pivot + ATR Target is designed for traders who incorporate price levels and volatility into their market analysis.

It can be used to analyze a wide range of instruments, including:

• Stock indices such as US500 and US100.
• Gold and other metals.
• Oil and other commodities.
• Currency pairs.
• Cryptocurrencies.
• CFDs across different asset classes.

The indicator is particularly relevant for intraday traders, short-term strategy users, and traders who incorporate the daily trading range into their planning process.

Key Advantages

• Price levels and volatility in one tool. Classic Pivot levels and ATR-based targets are combined in a single interface.
• Automated calculations. No need to calculate reference levels and range metrics manually.
• Market context at a glance. The analytics panel displays current ATR and the portion of the daily range already covered.
• Separate targets for both directions. ATR Long and ATR Short support the analysis of potential upward and downward movement.
• Customizable presentation. Calculation parameters, colors, and panel placement can be adapted to your workspace.
• Multi-asset compatibility. Suitable for analyzing different asset classes and trading instruments.

Combine Price Structure with Volatility Analysis

Strifor Pivot + ATR Target brings price structure and volatility analysis together in one practical tool. Pivot levels provide key price references, ATR-based targets illustrate movement ranges derived from volatility, and the analytics panel helps traders assess current market conditions.

The indicator does not generate trading signals, does not constitute a standalone trading system, and does not guarantee profits. Its purpose is to provide additional information for technical analysis. All trading decisions remain the user's responsibility and should account for their individual strategy and risk tolerance.

Strifor Pivot + ATR Target — analyze price levels, assess volatility, and plan trading scenarios using market data.

Requirements: MetaTrader 5.