The indicator works in all timeframes and also for custom timeframes and all markets on the mt4 platform.
Mt4 s1 r1 indicator. Price above the pivot point means positive while price below the pivot point means negative. This means you can customize it according to your wishes as we did our best to include all of the most popular functions in this mt4 indicator. A 2 pips spread in a pair that ranges 300 pips a day is a low cost while on a pair that ranges 40 pips a day it s more expensive. Ideal for placing stop losses and or use as a break out strategy.
The indicator calculates and draws hourly pivot points together with the accompanying support s1 s2 s3 and resistance levels r1 r2 r3 directly on your metatrader chart. You can choose between 2 formulas for support and resistence calculation. Collection of free mt4 indicators downloads tendance élan prediction volatilité le volume stochastic forex indicators and more. The indicator is designed in the all in one format.
Pivots sr levels draws daily weekly and monthly pivots and the respective supports and resistances levels s1 s2 s3 r1 r2 r3. Touchline forex system xard777 when all 3 indis turn blue and near a support line then buy 2 x lots fist target next line second target second next line initial sl under support line or under swp and if target1 is hit then sl to be. Get your download now. Auto pivot metatrader 4 indicator the auto pivot indicator for metatrader 4 automatically updates the pivot point pp support s1 s2 s3 and resistance levels r1 r2 r3 every day.
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