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Pivot MT5

FREE

Published: 28 December 2018

Current version: 1.21

Pivot MT5

Indicators
Dmitrij Isaenko
Dmitrij Isaenko
Developer at Freelance

Russia

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1 product 1 comment
Version: 1.21
Updated: 19 April 2023

The indicator draws daily support and resistance lines on the chart, as well as the Pivot level (reversal level).

Adapted to work in MT5

The standard timeframe for calculating support and resistance levels is D1.

You can choose other timeframes according to your strategy (for example, for M1-M15, the optimal timeframe for calculations is H1)

The function for calculating support and resistance levels has been updated; in this calculation option, fibonacci levels are taken into account, respectively, for each of the timeframes.

Indicator parameters:

Period_TF - timeframe for calculating support and resistance levels

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Pivot MT5

Dmitrij Isaenko