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Indicators

Daily Pivot, Resistance and Support Levels Assist - indicator for MetaTrader 4

Thilan Perera | English Español Português 日本語 Deutsch

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3545
Rating:
votes: 6
Published:
2020.07.14 12:32

      This is an indicator on Daily Pivot Points and Support and Resistance levels. It shows Pivot Point, Resistance1,Resistance2, Resistance3, and the corresponding Support level values in one of the Corners on the chart. whoever uses it can change the Corner where the values are displayed changing the BASE_CORNER variable in the Inputs tab. 

      This Indicator can be used for drawing Pivot Point,Resistance and Support Levels on the chart with vertical lines on the values shown. if the market is trading above the Pivot point, the market's sentiment is bullish and may find resistance levels. if the market is trading below the Pivot point, the market's sentiment is bearish and may go down to Support levels.

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