This video brings you the Market Projection knowledge about How to analysis the market. Risk Disclosure Statement: Shares, Indices, Commodities and Currency. Pivot Points MT4 Indicator is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data. Pivot Points MT4 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Pivot Point Extra Indicator for MetaTrader 4
- The most optimized, highly robust and easy to use Pivot Point indicator for free
- Our Pivot Point indicator is based on advanced algorithm of calculating the pivot point and support and resistance levels
- Incredibly accurate prediction of future important price levels and possible market reversals
- Useful for all markets (forex, commodities, stocks, indices and others) and timeframes
- Compatibility: MetaTrader 4
- Monthly updated for free
How to trade with the Pivot Point Extra Indicator profitably:
The Pivot Point Extra Indicator is based on a special mathematical algorithm that can predict future reversals of any market with a high probability. Our Pivot Point indicator is extremely easy to use and trade. The indicator uses the D1 time-frame for its calculation. So especially the intraday traders will get the most from our exclusive Pivot Point indicator.
The indicator always displays the main pivot point (yellow line). The indicator also displays 3 important resistance levels (red lines) and 3 important support levels (blue lines). It does not matter which time-frame you will choose - the indicator is always calculated based on the daily time-frame.
Our Pivot Point Extra indicator always delivers the most accurate price levels. And you can trade with the indicator like with any other Pivot Point indicator. If a market is close to the resistance levels (R1, R2, R3) - a downside move is usually expected. On the other side, if a market is near the support levels (S1, S2, S3) - a bullish reversal is usually expected.
It is also possible to use the indicator very effectively in a conjunction with other forex indicators or trading system . Especially placing Stop-Loss or Profit-Target levels based on the Pivot Point indicator is usually a very good idea, because a price reverses from support (S1, S2, S3) and resistance (R1, R2, R3) levels very often and very accurately.
The middle pivot point level can be used to identify a sentiment - price above the middle pivot point means bullish sentiment while price below the middle pivot point means bearish sentiment. It is also good to note that price tends to reach the middle pivot point with a probability of 70% during a trading day.
We wish you a lot of profitable trades with our powerful Pivot Point Extra indicator!
How To Install Pivot Points For Mt4 On Mac Free
The latest Pivot Point Extra indicator, version: 1.61
Do you need help with installing this indicator into MT4 for Windows or Mac OS?
Our guide HERE will help you.
How To Install Pivot Points For Mt4 On Mac
Pivot points are very useful for trading the Forex market and for all traders in general also. By using pivot points, you can determine which price range is important, and even where the price is likely to move.
In particular, the pivot point indicator for MT4 introduced here can also display camarilla pivot points, and can also display intermediate lines. There are many other features, so definitely check it out below!
In the image above, the pivot point for 4 hours is displayed on the 1-hour chart. A place that supports multiple timeframes (MTF) like this is also attractive. For example, a 15-minute chart can show the pivot point of a 1-hour chart. Therefore, it is especially recommended for those who do MTF analysis and trading.
Also, this indicator is rich in features. First, you can view the camarilla pivot. You can also display the middle line between each resistance line and support line. In addition, the high price of the day and the range of the previous day and the day are also displayed in the upper right.
Tips for use: As with a normal pivot, let's use R1 to 3 as a resistance band and S1 to 3 as a support band. Of course, it does not matter if you use your own. Also, MTF display allows you to easily check pivots of other time frames. It may be better to stop buying if you want to place a buy order but the upper time frame R1 is immediately above.
Compatibility: For MT4
Parameters:
- Pivots: Determines whether pivots is displayed or not
- Camarilla: Determines whether camarilla pivots is displayed or not
- Mid pivots: Determines whether mid pivots are displayed or not
- MyPeriod: Timeframe for pivots calculation
Download 'PivotCustomTime' for free from the button below
Tip: Can’t open the downloaded archive file (ZIP or RAR)?
Try WinRAR for Windows or The Unarchiver for Mac .
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.
