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Indicators

Pivot oscillator - indicator for MetaTrader 5

Mladen Rakic

Views:
269
Rating:
votes: 8
Published:
2018.07.11 17:03

This is a variation of a well known pivot indicator

Instead of showing pivot lines on main chart the indicator is showing 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 time frames supported by metatrader 5. The default is daily pivots, but you can use sny time frame available (+ the automatic time frames that are listed in the time frame drop-down list)

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