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The LevelsPivotMT4 plots the pivot points and forms the support and resistance levels. The indicator does not repaint.

Default colors

  • Yellow - pivot point.
  • Green - resistance levels R1, R2, R3.
  • Red - support levels S1, S2, S3.

Installed similar to any standard indicator.

Analysis rules

Trade the rebound from support or resistance lines. Accordingly, the target is the central line (the pivot point, yellow by default).

Tim Eubanks
Tim Eubanks 2018.03.16 05:44 

Crowds the chart with spaghetti

Version 2.0 2017.10.10
Fixed minor error in the graphical display of the indicator.