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Identify potential Trends/Range (Pivot Points) - script for MetaTrader 5

Mario Gharib

votes: 21
2020.07.18 21:47
2020.08.26 22:21
Enum.mqh (1.51 KB) view

When I start learning about trading, I remember the trading pioneer Shawn Lucas (founder of Apiary-fund) saying "trading is simple, you go from bound range market to breakout market and vice versa". I looked at few charts and he was right. So I told myself, I have to always eyeball ranging market and trending market but with the help of an indicator. There are plenty of indicators that help us eyeball these ranging/trending market and they work really well, but I like using Pivot Points.

That is why I created this indicator that helped me to automatically eyeball these potential trends/range (based on pivot points) instead of doing all the work myself. I know there are plenty of Metatraders who also suffer from this and that is why I would like to share this indicator with you, hopefully it will be beneficial.

Do not forget to send you comments as well as rate these scripts. Happy trading!




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