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Peynex Pivots

Demo downloaded: 7

Published: 6 December 2023

Current version: 1.0

Peynex Pivots

Indicators
Arash Nikniazi
Arash Nikniazi
Canada

369
- www.peynex.com
I have been working with PEYNEX team for the last couple of years.Now It is time to show the world of trading what we have done through these years. I am the sales representative who is always here for traders interested in our products. Any technical support will be covered ASAP. Just send me a
Version: 1.0
Activations: 10

Pivots Indicator

Traders have been using this indicator for a long time, but the main difference or might better call it betterment applied to well known pivots indicator is that you can change how the pivot can be illustrated.

There are two ways to get the pivots on the chart. you can use either number of candles or the movement of the market using points of retracement.

you can find out more on the video.

furthermore pivots lines can be drawn to see the possible support and resistance prices while trading.

we recommend you use this indicator twice on the chart to better understand the moves. one indicator to show minor or short moves and the other indicator to get the major or long moves. It is clear that major pivots can act as better support and resistance.

join our channel : https://www.mql5.com/en/channels/peynex Any questions 

contact me in private

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This indicator is an indicator for automatic wave analysis that is perfect for practical trading! Case... Note: I am not used to the Western name for wave classification. Influenced by the naming habit of Chaos Theory (Chanzhongshuochan), I named the basic wave as pen , the secondary wave band as segment , and the segment with trend direction as main trend segment (this naming method will be used in future notes, let me tell you in advance), but the algorithm is not closely relate

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By using this indicator you can easily find out how much your position is in profit right on the volume line on the chart. no need to take your mouse pointer on the lines. --- if you have different positions you can set all your TPs or SLs to a specific price to know the final value if the price reaches there. key features are : --- opened positions TP/SL value right on the chart. --- live value of the open position right on the volume line. --- commissions and swaps are being calculated. --- fo

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Peynex Pivots

Arash Nikniazi