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Pivot Math Support and Resistance Lines

$Pivot Math Support and Resistance Lines$

30 USD

Demo downloaded: 7

Published: 14 January 2025

Current version: 1.2

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Pivot Math Support and Resistance Lines

Indicators
Irina Cherkashina
Irina Cherkashina
AC-Capital Ltd/ProfRoboTrading

Germany

13573
4 (20)
I have been actively trading, including with the help of my own expert advisors, on financial markets since April 2012. In addition to trading with my own money, I work as a technical analyst in a mutual fund. In my free time, I like to go to live music concerts, travel, and hang out with friends.

93 products
Version: 1.2
Activations: 5

Pivot Math Support and Resistance Lines indicator — indicator showing pivot lines, which will definitely help every trader who knows how to trade with resistance, support and pivot lines. It shows 8 different lines (additional lines are also possible) on the main chart, helping you find the best points to buy, sell and exit positions.

Input parameters:

P (default = 64) — period in bars or other periods (set using MMPeriod), on which the lines will be calculated. The smaller this number, the "fresher" and less accurate the lines will be.

MMPeriod (default = 1440) — base period in minutes (60 — for hourly lines, 1440 — for daily lines, 10080 — for weekly and 43200 — for monthly); if greater than zero, the indicator will use P MMPeriod minutes to calculate the lines. If zero, the indicator will use P current bars for its calculations.

StepBack (default = 0) — step back for calculating lines (in current bars or in MMPeriod (if set) minutes).

Other parameters — affect only the visual display of lines.

Pivot Math Support and Resistance Lines is simple. The 0/8P and 8/8P lines are the strongest support and resistance lines — they are very difficult to break. The 1/8P and 7/8P lines are weak support and resistance lines, but if the price stops near them, it will change direction. The 2/8P and 6/8P lines are strong reversal lines. 3/8P and 5/8P are the bottom and top lines of the average trading range; there is a very high probability that the price will either break through this range very quickly or stay in it for a long time. 4/8P is the strongest support and resistance line. You can confidently sell and buy when the price breaks through this level. The blue arrow shows the last bar for which the lines were calculated.

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$Screenshot #1 Pivot Math Support and Resistance Lines$

$Screenshot #2 Pivot Math Support and Resistance Lines$

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The Forex Gangster Indicator allows you to determine the current trend. If the Forex Gangster Indicator line has moved below the price and turned blue, then you should open deals for an increase. If the Forex Gangster Indicator line has appeared above the price and turned red, then you should open deals for a decrease: The indicator is suitable for any time frames, but it needs to be supplemented with filtering indicators, since by itself it is late and does not have time to give an accurate si

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The BandsFill Indicator is a modified Bollinger Bands with a colored cloud. It has two adjustable parameters: Period Deviation The cloud is colored as follows: If the price crosses the upper band, the cloud is blue. If the price crosses the lower band, the cloud is pink. Thanks to this, the BandsFill Indicator provides traders with an easy opportunity to detect various features and patterns in price dynamics that are invisible to the naked eye. Based on this information, traders can predict

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The TMA Centered Bands indicator for MT4 draws bands on the chart and reports the overall price trend, as well as gives arrows signals to buy and sell when the bar closes outside the channel. Unlike many TMAs, our version uses the calculation part of the algorithm without redrawing, and also adds the ability to select a symbol. The bands are made up of moving averages, and each of them has an MA period. The name TMA comes from triangular moving averages, as the indicator draws triangular bands

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This indicator works by plotting fractals on the chart as arrows that can be used as buy or sell signals. It is a great tool for both new and experienced traders as it provides a clear visual representation of the market and helps traders identify fractals. Although it repaints, it can be used quite effectively in conjunction with other tools to filter trading strategies. We use this indicator in this way in our Royal Fractals EA, which you can purchase on the MQL5 Market: https://www.mql5.com

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The Teamtrader Channel Stop indicator allows you to determine the current trend. If the Teamtrader Channel Stop indicator line has moved below the price and turned blue, then you should open deals for an increase. If the Teamtrader Channel Stop indicator line has appeared above the price and turned red, then you should open deals for a decrease: The indicator is suitable for any time frames, but it needs to be supplemented with filtering indicators, since by itself it is late and does not have

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This indicator works by plotting fractals on the chart as arrows that can be used as buy or sell signals. It is a great tool for both new and experienced traders as it provides a clear visual representation of the market and helps traders identify fractals. Although it repaints, it can be used quite effectively in conjunction with other tools to filter trading strategies. We use this indicator in this way in our RoyalFractals II Expert Advisor, which you can purchase on the MQL5 Market: https:

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Moving Averages Divergence 3x3 Indicator uses the crossover technique for signaling the market trend and the trade opportunities as well. It applies 3 formats of the same indicator and allows them to plot the crossover signals which are interpreted as the trade signals along with the direction of the market trend. Moving Averages Divergence 3x3 Indicator can be applied to trade all kinds of forex currency pairs within the financial markets. Although, this indicator works well o

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FOREX GANGSTER is a unique Expert Advisor created by a professional prop trader and financial asset manager with many years of experience. This is a solution for those who strive for stable profits without constant control over each transaction or monitoring the work of a trading advisor. Created for optimal conservative trading and investing through exchange instruments with long-term regular profits and minimal risks. The Expert Advisor algorithm is based on a deep understanding of market pat

The Wolf Wave Finder Indicator is a popular indicator, that is useful in identifying potential trading opportunities. The indicator works by recognizing the Wolf Wave pattern, which is a well-known pattern used by professional traders to identify potential areas of support and resistance. The indicator is easy to use and provides traders with an easy way to identify potential trades. The Wolf Wave Finder Indicator is a great tool for traders who are looking for a reliable and accurate way

This indicator is a fusion of the Parabolic SAR and Fibonacci indicators. Fibo is drawn on the last wave, at the peaks the indicator displays prices for convenience. Parabolic SAR helps to define the market trend and generates trends following trade signals. On the other hand, Fibonacci plots the price retracement levels so that traders can determine a better and safer place to enter the market. Scalping with Parabolic SAR and Fibonacci Overview. For this strategy, in addition to our indicator

This is an easy-to-set-up and easy-to-use Expert Advisor that will help you always have the necessary information about your trading account at hand, sending from MetaTrader 4 to you in Telegram: • Account drawdown • Number of open positions • Volume of open positions • Profit per day, week, month How to get an chat ID: - Chat with BotFather to create Bot and get API Token of Bot. If you had Bot, skip the step. - Chat with bot @userinfobot , then the bot will reply your ID. How to set

The SYMBOL MANAGER symbol change indicator is an effective tool designed to enhance trading convenience and significantly simplify the trader's experience. This indicator allows users to switch seamlessly between currency pairs and timeframes within a single open window of the trading terminal. Importantly, when switching, the associated template, including indicators and current chart settings, is automatically duplicated, ensuring a consistent trading environment.

The Morning Star PRT indicator uses the morning flat breakout principle. The indicator displays morning flat levels and shows possible targets. An additional Fibonacci level has been added to the indicator, as well as sound alerts about the intersection of both target levels specified in the settings and the night flat level. The Morning Star PRT indicator builds a night flat channel at the end of the night, as well as two Fibonacci price levels up and down. These levels can be considered both

Indicator Supply & Demand zones PRT– is a custom tool that is used to perform supply and demand zones marking of the chart. The indicator draws lines and rectangles on the chart that highlight resistance/support levels and supply/demand zones. For convenience, both lines and figures are painted in different colors so that the signals are easily distinguished from each other.The indicator draws only fresh levels, that is, those that have not yet been used and the price has not yet broken through

This indicator is a powerful tool for traders looking to identify chart patterns, and the benefits of incorporating it into their trading strategy are numerous. This tool effectively identifies and signals potential trends and reversals in the financial markets, thereby increasing trading profitability. Thanks to its advanced algorithm, the indicator can accurately analyze market data, providing traders with valuable information that can help them make informed decisions. Using this indicator al

This universal expert advisor is based on our own Algorithm, which is based on effective and time-tested Elliot Wave Theory. This expert advisor is ideal for working both on a flat and during sharp or protracted trend movements (thanks to the Martingale method, according to which averaging positions are opened in accordance with the multiplier and distance set in the settings for accepting a new signal). ATTENTION! CAREFULLY STUDY THE OPERATING PRINCIPLE AND AVAILABLE SETTINGS OF THE EXPERT AD

This is the automatic price spike signal indicator for MT4. Plots advance alerts on potential breakouts/pullbacks. Suits forex, stocks & crypto trading strategies. This is a perfect indicator for reversal traders. A spike often indicates a turn-around moment. The best way to use that gauge is to apply it to your favourite trading system as a filter. 這是 MT4 的自動價格飆升訊號指示器。繪製有關潛在突破/回調的預先警報。適合外匯、股票和加密貨幣交易策略。對於反轉交易者來說，這是一個完美的指標。尖峰通常表示轉變時刻。使用該指標的最佳方法是將其作為過濾器應用到您最喜歡的交易系統中

The Parabolic SAR & Support/Resistance Levels is not only a technical analysis indicator, used in forex trading to identify potential trend reversals and entry and exit points, but also a ready-made autonomous trading strategy. The Indicator builds upon the PSAR indicator by adding dynamic support and resistance levels to the chart, which can help traders identify key price levels where the market may potentially reverse. Using this indicator, traders can gain insight into the strength and di

The All Market Channels indicator from ProfRobotrading automatically builds and displays all formed trading channels on the screen. This indicator is very convenient for trading on all existing channel strategies and is applicable to all instruments and timeframes. Look at the screenshot - it will tell you more :) More information is available on our website ProfRoboTrading.

This is a Bollinger Bands Compression indicator. It detects volatility compression and the release of “suppressed momentum.” It can be used when it coincides with any specific trading entries — released volatility means a higher probability of making a decent profit. There is also a histogram with colored bands symbolizing weakness or strength, and a zero line crossover. Therefore, this indicator can be used both in conjunction with other indicators within trading strategies, and on its own meri

The work of this Expert Advisor is similar to fishing, when you use several fishing rods. This Expert Advisor works on the channel indicator, the work of which you can see in the screenshots. This indicator is effective on any TM, so it can be used in all types of trading, including scalping for 5 and 15 minutes, intraday or full automatic trading of several instruments simultaneously on D1. This expert advisor is ideal for working both on a flat and during sharp or protracted trend movements (t

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