The DailyPivot Points indicator helps to compose a picture of market future movements, in distinct from the other tools that hang behind the market. The information that became availble in the course of the previous day is used to calculate the check points of the minor trend of
the current day.
This variant of the DailyPivot Points indicator can be built for any bar of a chart and a complete picture of the market behaviour relative to the indicator levels at each bar can be seen. Probably the best way to use the indicator is to analyze a strategy, while working offline.
Author: Nikolay Kositsin
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow the trading from somebody."TradeCopier_follow" and "TradeCopier_source" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, e
The indicator displays divergence for any custom indicator. You only need to specify the indicator name; DeMarker is used by default.
Additionally, you can opt for smoothing of values of the selected indicator and set levels whose crossing will trigger an alert. The custom indicator must be compiled (a file with ex5 extension) and located under MQL5/Indicators of the client terminal or in one of the subdirectories. It uses the zero buffer of the specified indicator with default parameters.
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
Main Pivots is an indicator which looks for pivots points on preset intervals (days, weeks, months, years, etc.). Then all extreme points are checked for splice and consistent support and resistance lines are formed. These lines are useful for detecting the best pivot points.
It finds a pair of pivot lines for each interval which correspond to Low (support line) and High (resistance line) of the price movement on the interval. Difference between these lines represemt the price movement for the
Take a look at the market in a new way! This is the newest trading method worthy of your attention!
Tired of catching the market movements? TTT FXnew is an essential tool for trend followers. This is a unique breakout indicator that automatically plots new trend lines every day forming blue and red triangles using OCHL values of the previous day. A market entry is performed when the price exits the triangles through the dotted line. If the yellow line crosses the red one after opening of the da
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Buttons for re
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow somebody's trading."TradeCopier_source" and "TradeCopier_follow" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, eurusd_m
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Al
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
Using the width between the Bollinger Bands called BandWidth, this system finds times of low volatility also known as a squeeze. It is called a squeeze because as the bands compress, they tend to expand again into higher volatility and the price can trend along the upper or lower band. This system finds low volatility and enters a new position when the price moves to the upper or lower Bollinger Bands.
The SMA used to create the Bollinger Bands is used as a trailing exit. After the price follow
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
COSMOS4U Volume indicator facilitates your trade decisions. It gives confirmation of the running movement and market trends. It highlights current and past accumulation and distribution volumes, comparing them to moving average volume and the highest volume. In addition, it identifies and marks nuances as well as convergence and divergence patterns of bears and bulls in order to provide the market trend and price ranges.
The supported features are as follows:
Fast Volume Moving Average Slow
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
"Triangular" arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
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Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
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* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
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Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
hi, could you please explain the extra levels of S/R?
are they fibonacci-based?
or are these merely extra S/R levels based on the same daily pivot?
I assume that the pivot point is in purple, correct?
Forum on trading, automated trading systems and testing trading strategies
Indicators: Pivot Lines TimeZone
newdigital, 2014.01.30 11:06
How to Use Forex Yearly Pivot Points to Forecast Euro Targets (based on dailyfx article)
While most traders are familiar with daily, weekly, and even monthly
pivots which fit their type of trading, yearly pivots can also be used
to forecast future potential support and resistance areas. Buying at or
near a significant area of support and selling at a key area of
resistance is the main focus of any trader no matter what the market or
the duration traded. Yearly pivots can be monitored for those key
As you can clearly see in the Euro chart above, forex yearly pivots have been plotted. Notice how the Euro rallied up to the R2 pivot and turned around sharply falling over 600 pips in February. Another significant area that can be easily seen showing the power of
yearly pivots is the triple touch of the R1 yearly pivot at 1.2910. The
third and final touch led to over a 600-pip rally back to the R2 yearly
pivot to close out 2013 up over 4%.
Could forex yearly pivots show traders the next move in the Euro? In the
chart above the 2014 yearly pivots are plotted on the EURUSD chart. The
year is just getting started and the great thing about yearly pivots is
only having to draw them once a year! EURUSD is trapped between the
central pivot at 1.3461 and R1 at 1.4177. As at the time of this
writing, the Euro has not tested either pivot. However, forex traders
may be waiting for a move down to the central pivot (1.3461) for a move
back toward the R1 (1.4177) yearly pivot resistance.
Alternative scenario is for the Euro to make an immediate run for it up
to the R1 level. At R1 pivot resistance, traders may look to take profit
on their longs and/or short the Euro at this level. However, a close
above R1 could lead to a move higher to the R2 pivot (1.4610). Traders
should also consider the possibility of a close below the central pivot
that could lead to a prolonged down push to the S1 (1.3028) level.
Forex traders who scalpers, position or swing traders can make use of
yearly pivots to locate key areas of support and resistance. Look for
future articles on other currency pairs that lay out the yearly pivot
‘landscape’ to help you navigate the forex market.
newdigital, 2013.10.30 12:57
Pivot Points Technical Indicator
Pivot points indicator consists of a central pivot which is surrounded by 3 resistance levels below and 3 support levels above.
Pivot points initially were used by floor traders to analyze and
trade the equities and futures exchange markets. This indicator is
considered to be a leading indicator rather than a lagging indicator.
Pivots provide a quick way for currency traders to analyze the
general trend of how the market is going to be moving during the course
of the day. This indicator uses only a few simple calculations to plot
the resistance and support levels.
To calculate the pivot points for the coming trading day is the previous day's
The Forex trading day closes at 5:00PM EST this daily closing time is when the pivots are updated.
The 24-hour cycle pivots for this indicator are calculated using a
complex formula, which the indicator will calculate automatically for
you. The central pivot is then used to calculate the support and
resistance levels as follows:
Pivots can be used in different ways to generate Forex trading
signals. The following methods are the most common technical analysis
for Pivot points.
Trend Identification Signals
The central pivot is used by traders to determine the general market
trend direction. The trades taken will only be in the direction of the
Price Breakout Signals
Price breakout signals are generated as follows
Price Reversal Signal
Price reversals are generated as follows
Setting Stop loss and Limit Profit Values using Support & Resistance Levels
The central pivotand the other support and resistance levels are used
by traders to determine suitable stop loss and limit profit levels.
If a buy is placed above the central pivot point the Resistance 1 or
Resistance 2 can be used to set the take profit level, and the Support 1
can be set as the Stop Loss Level for the trade.
Discussion of article "MQL5 for Newbies: Guide to Using Technical Indicators in Expert Advisors"
newdigital, 2014.02.27 16:46
Introduction to Technical Indicators (based on dailyfx aticle)
Trend following indicators were created to help traders trade currency
pairs that are trending up or trending down. We have all heard the
phrase “the trend is your friend.” These indicators can help point out
the direction of the trend and can tell us if a trend actually exists.
A Moving Average (MA for short) is a technical tool that averages a
currency pair’s price over a period of time. The smoothing effect this
has on the chart helps give a clearer indication on what direction the
pair is moving… either up, down, or sideways. There are a variety of
moving averages to choose from. Simple Moving Averages and Exponential
Moving Averages are by far the most popular.
Ichimoku is a complicated looking trend assistant that turns out to be
much simpler than it initially appears. This Japanese indicator was
created to be a standalone indicator that shows current trends, displays
support/resistance levels, and indicates when a trend has likely
reversed. Ichimoku roughly translates to “one glance” since it is meant
to be a quick way to see how price is behaving on a chart.
The Average Direction Index takes a different method when it comes to
analyzing trends. It won’t tell you whether price is trending up or
down, but it will tell you if price is trending or is ranging. This
makes it the perfect filter for either a range or trend strategy by
making sure you are trading based on current market conditions.
Oscillators give traders an idea of how momentum is developing on a
specific currency pair. When price treks higher, oscillators will move
higher. When price drops lower, oscillators will move lower. Whenever
oscillators reach an extreme level, it might be time to look for price
to turn back around to the mean. However, just because an oscillator
reaches “Overbought” or “Oversold” levels doesn’t mean we should try to
call a top or a bottom. Oscillators can stay at extreme levels for a
long time, so we need to wait for a valid sign before trading.
The Relative Strength Index is arguably the most popular oscillator out
there. A big component of its formula is the ratio between the average
gain and average loss over the last 14 periods. The RSI is bound between
0 – 100 and is considered overbought above 70 and oversold when below
30. Traders generally look to sell when 70 is crossed from above and
look to buy when 30 is crossed from below.
Stochastics offer traders a different approach to calculate price
oscillations by tracking how far the current price is from the lowest
low of the last X number of periods. This distance is then divided by
the difference between the high and low price during the same number of
periods. The line created, %K, is then used to create a moving average,
%D, that is placed directly on top of the %K. The result is two lines
moving between 0-100 with overbought and oversold levels at 80 and 20.
Traders can wait for the two lines to crosses while in overbought or
oversold territories or they can look for divergence between the
stochastic and the actual price before placing a trade.
The Commodity Channel Index is different than many oscillators in that
there is no limit to how high or how low it can go. It uses 0 as a
centerline with overbought and oversold levels starting at +100 and
-100. Traders look to sell breaks below +100 and buy breaks above -100.
To see some real examples of the CCI in action,
The Moving Average Convergence/Divergence tracks the difference between
two EMA lines, the 12 EMA and 26 EMA. The difference between the two
EMAs is then drawn on a sub-chart (called the MACD line) with a 9 EMA
drawn directly on top of it (called the Signal line). Traders then look
to buy when the MACD line crosses above the signal line and look to sell
when the MACD line crosses below the signal line. There are also
opportunities to trade divergence between the MACD and price.
Volatility measures how large the upswings and downswings are for a
particular currency pair. When a currency’s price fluctuates wildly up
and down it is said to have high volatility. Whereas a currency pair
that does not fluctuate as much is said to have low volatility. It’s
important to note how volatile a currency pair is before opening a
trade, so we can take that into consideration with picking our trade
size and stop and limit levels.
Bollinger Bands print 3 lines directly on top of the price chart. The
middle ‘band’ is a 20-period simple moving average with an upper and low
‘band’ that are drawn 2 standard deviations above and below the 20 MA.
This means the more volatile the pair is, the wider the outer bands will
become, giving the Bollinger Bands the ability to be used universally
across currency pairs no matter how they behave. The wider the bands,
the more volatile the pair. Most common uses for Bollinger Bands are
trying to trade double tops/bottoms that hit an upper or lower band or
looking to trade bounces off an outer band in the direction of the
Bollinger Bands® is a registered trademark of John Bollinger.
The Average True Range tells us the average distance between the high
and low price over the last X number of bars (typically 14). This
indicator is presented in pips where the higher the ATR gets, the more
volatile the pair, and vice versa. This makes it a perfect tool to
measure volatility and also can be a huge help when selecting where we
should set our stop losses.
Being one of the older technical indicators, Pivot Points are one of
the most widely used in all markets including equities, commodities, and
Forex. They are created using a formula composed of high, low and close
prices for the previous period. There is a central pivot line and
subsequent support lines and resistance lines surrounding it. Traders
use these lines as potential support and resistance levels, levels that
price might have a difficult time breaking through.
Price channels or Donchian Channels are lines above and below recent
price action that show the high and low prices over an extended period
of time These lines can then act as support or resistance if price comes
into contact with them again. A common use for Donchian channels is
trading a break of a line in the direction of the overall trend. This
strategy was made famous by Richard Dennis’ Turtle Traders where Dennis
took everyday people and was able to successfully teach them how to
trade futures based on price channels.