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FiveTT Pivot Lines
5TT Pivot Lines is a visual display of five-day 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 a five-day overview 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, the Pivot numbers or comments on the chart
- Enter GMT Correction in Hours: This gives the user the ability to enter the difference in hours between the MT4 platform time and GMT
- ShowComment: Selecting 'True' displays comments on the chart. Comments include actual pivot numbers for each day, 3-day, 5-day and 8-day moving average of the Pivot point, etc.
- ShowLines: This option allows the user to display pivot line, resistance and support lines on the chart.
- ShowDayPivot: Selecting 'True' for this displays actual pivot point, support points & resistance points at the top right hand corner of the chart.