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Indicators

Pivot Oscillator - indicator for MetaTrader 5

Mladen Rakic | English Русский 中文 Español Deutsch 日本語

Views:
1037
Rating:
votes: 13
Published:
2018.07.11 17:03
Updated:
2018.08.07 13:54

This is a variation of a well known Pivot indicator.

Instead of showing pivot lines on main chart the indicator shows pivot lines in a separate window and it shows price position relative to those pivot lines. That way you can clearly see how the price moved during the day compared to pivot lines.

PS: it supports all timeframes supported by MetaTrader 5. The default is daily pivots, but you can use any timeframe available (+ the automatic timeframes that are listed in the timeframe drop-down list).

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