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FiveTT Pivot Lines

5TT Pivot Lines is a visual display of pivot lines. These are primarily support and resistance points with the 'Blue' Pivot Point.

Pivot points are useful for determining key levels for entry or exits (setting targets and stop loss levels).

Having these support & resistance lines visually displayed on the chart is very useful for intraday traders.

5TT Pivot Lines come with some user-friendly settings to decide if to display the lines or connectors on the chart

Settings

  • CandlesBack: This gives the user the ability to enter the numbers of candles on the chart to monitor. The default is 1000 candles
  • ShowSupResLines: This parameter can enable and disable the display of S1, S2, S3, R1, R2, & R3 lines. Perhaps a user wants to only display the Pivot Line. This is also possible by disabling the ShowSupResLines parameter
  • ShowConnectors: This option allows the user to display connector lines between different days for pivot line, resistance and support lines on the chart.


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Like Support and Resistance levels, Round Numbers refer to price levels ending in one or more zeros, such as 125.00, 1.0350, 0.8750, 74.50, etc. These are psychological levels where financial institutions and traders expect price to either stall, retrace or breakthrough. On a price chart these figures are generally considered to rule off levels at the 50 and 100 mark. 5TT Round Numbers Indicator makes it absolutely easy for the trader to identify these levels on the chart without the laborious a
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Like Support and Resistance levels, Round Numbers refer to price levels ending in one or more zeros, such as 125.00, 1.0350, 0.8750, 74.50, etc. These are psychological levels where financial institutions and traders expect price to either stall, retrace or breakthrough. On a price chart these figures are generally considered to rule off levels at the 50 and 100 mark. 5TT Round Numbers Indicator makes it absolutely easy for the trader to identify these levels on the chart without the laborious a
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Tim Eubanks
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Gennadiy Voltornist
11909
Gennadiy Voltornist 2017.05.26 21:04 
 

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Thomas Kjelvik
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Thomas Kjelvik 2017.03.30 07:00 
 

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Maksym Mudrakov
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Maksym Mudrakov 2016.08.31 08:04 
 

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Version 1.1 2021.11.19
Compiled with latest version of MQl4 software
Extended the indicator to display more than 5 days pivot lines