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Indicators

Trix pivots - indicator for MetaTrader 5

Mladen Rakic
Views:
17117
Rating:
(21)
Published:
2019.02.16 18:29
Trix (pivots).mq5 (21.19 KB) view
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Theory :

TriX oscillator is a nice trending indicator found as a built in indicator in metatrader.

This version is adding pivot calculation to such TRiX. Pivots are calculated from the TRiXitself, and you have 4 possible types that can be displayed :

  • display pivot only
  • display pivot and 1st level support and resistance
  • display pivot and 1st and 2nd level support and resistance
  • display pivot and 1st and 2nd and 3rd level support and resistance

The time frame selected, is used for pivots only (that time frame is used as "delimiter" for pivots). The TRiX is always calculated as current time frame

Usage :

You can use it as it is recommended for TRiX


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Short description.