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Friday, 03 February 2023
Pivot Points Indicator
Pivot Points Indicator

Pivot Points Indicator

Watch the testing video here:

Pivot Points Indicator

The Pivot Points indicator automatically plots levels on the MT4 terminal chart. By interacting with these levels, the price can change its direction of movement.

This, in turn, gives potential opportunities for profitable trades.

This indicator is unique in that it combines all basic and popular methods of constructing reversal levels. These are the following: –°lassical, Woodie, Fibonacci, Camarilla and Central Pivot Range (CPR).

Please note that the Pivot Points indicator includes several methods of drawing pivot levels. But all of them are marked the same way on the MT4 terminal chart.

Only the formulas underlying the different approaches are different. So the exact location of the levels on the chart depends on that.

 

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