does any one have that indicators
Pivot Point Trading
Using pivot points as a trading strategy has been around for a long time. This was a nice simple way for traders to have some idea of where the market was heading during the course of the day with only a few simple calculations.
The pivot point is the level at which the market direction changes for the day. Using some simple arithmetic and the previous days high, low and close, a series of points are derived. These points can be critical support and resistance levels. The pivot level and levels calculated from that are collectively known as pivot levels.
Every day the market you are following has an open, high, low and a close for the day. This information basically contains all the data you need to calculate the pivot levels. The reason pivot points are so popular is that they are predictive as opposed to lagging. You use the information of the previous day to calculate potential turning points for the day you are about to trade (present day).
Because so many traders follow pivot points you will often find that the market reacts at these levels. This gives you an opportunity to trade.
If the market opens above the pivot point then the bias for the day is for long trades as long as price remains above the pivot point. If the market opens below the pivot point then the bias for the day is for short trades as long as the market remains below the pivot point.
The three most important pivot points are R1, S1 and the actual pivot point. The general idea behind trading pivot points is to look for a reversal or break of R1 or S1. By the time the market reaches R2,R3 or S2,S3 the market will already be overbought or oversold and these levels should be used for exits rather than entries.
A perfect set up would be for the market to open above the pivot level and then stall slightly at R1 then go on to R2. You would enter on a break of R1 with a target of R2 and if the market was really strong close half at R2 and target R3 with the remainder of your position.
Attached please find the Weekly Pivots indicator(s). The mid indicator includes the Pivot Range (gray) levels, drawn above/below the Pivot Point (silver) level.
Thnx for the great work, Kris...
Especially like the 'Uncluttered' look :-)
You would'nt have the 'Monthly' & the 'Daily' in the same design format ??
Thnx again & Cheers !!
But of course I have the Daily Pivots in hte same format. I live and die by the pivots :-)
However, I do not use the monthly pivots, so I never looked into it.
By the way, these Pivots were designed by other talented developers in this forum. I took it and modified to my specific needs... unfortunately it was a long time ago and I cannot recall the original sources.
Pivots for MT5
Is any young and able developer willing to develop Pivots for MT5 platform?
how can i upload daily pivot points?
Hi fellas,am a newbie in forex.Please does any person know how i can upload the daily pivot points on my alpari trading platform?
MTF pivot indicator with time shift adjustment
Does anyone have a pivot indicator for Multiple Time frames that has a time shift adjustment? Something like the MTF pivots?
The only one I see is the SDX TzPivots for daily pivots, but it only works on daily pivots. I would like to look at 5pm Est pivots on Daily, Weely and Monthly.
Or if possible for someone to Code MTF pivot to have a time shift function?
Floor Pivots MTF
I have found Pivots_All_v2.mq4, written by IgorAD a great tool! It shows all the pivots I want to see in a single indicator!
For my own purpose, I deleted the Cam's and I added the Pivot Range. Here is the mod-version, renamed to Floor_Pivots_MTF.
Huh how come your candle blue and red .Is it Fx ultra?
Thamks for sharing
maybe it is Trend Bars indicator.