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TIL Pivot Points Indicator

Pivot Point is a technical indicator widely used by traders to predict major price movements by calculating various levels of support and resistance. Investopedia defines the pivot point as follows:

A technical analysis indicator used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.

A pivot point analysis is often used in conjunction with calculating support and resistance levels, similar to a trend line analysis. In a pivot point analysis, the first support and resistance levels are calculated by using the width of the trading range between the pivot point and either the high or low prices of the previous day. The second support and resistance levels are calculated using the full width between the high and low prices of the previous day.

TIL Pivot Points indicator employs the seven point system:

  • Resistance 3 (R3) – dotted green line
  • Resistance 2 (R2) – dash-dotted green line
  • Resistance 1 (R1) – dashed green line
  • Pivot Point (P) – solid yellow line
  • Support 1 (S1) – dashed red line
  • Support 2 (S2) – dash-dotted red line
  • Support 3 (S3) – dotted red line

TIL Pivot Points indicator also allows you to select the base timeframe from which the pivot points and its levels are calculated. You can do this by changing the HLC (stands for High, Low, and Close) parameter. There are eleven timeframes to choose from:

  • NEXT_TIMEFRAME – this is the default setting. For example, if the current chart is H4, the pivot point is calculated from values on D1. However, if the current chart is MN, the pivot point is calculated from the values on MN as well.
  • CURRENT_TIMEFRAME – the pivot point is calculated from the values on the current timeframe.
  • M1 – the pivot point is calculated from the values on M1.
  • M5 – the pivot point is calculated from the values on M5.
  • M15 – the pivot point is calculated from the values on M15.
  • M30 – the pivot point is calculated from the values on M30.
  • H1 – the pivot point is calculated from the values on H1.
  • H4 – the pivot point is calculated from the values on H4.
  • D1 – the pivot point is calculated from the values on D1.
  • W1 – the pivot point is calculated from the values on W1.
  • MN – the pivot point is calculated from the values on MN.
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Este indicador detectará patrones armónicos que se dibujen en el gráfico mediante métodos manuales y automáticos. Puede consultar el manual del usuario en el siguiente enlace: Agregue su opinión y contáctenos para obtenerlo Existe una versión gratuita para probar este producto en mt4. Puede utilizarlo para detectar patrones de Gartley y Nenstar: https://www.mql5.com/en/market/product/30181 Puede comprar la versión completa de MT4 en: https://www.mql5.com/en/market/product/15212 Notas El indicad
Market Overview MT4
Mehran Sepah Mansoor
5 (1)
Optimice sus decisiones de trading con nuestro indicador de fuerza y sentimiento del mercado y deje de operar contra tendencia! Diseñado meticulosamente para los operadores serios que valoran la información precisa y oportuna, nuestro indicador proporciona una vista de pájaro de los 28 pares principales de una manera muy sencilla. Esta herramienta es capaz de clasificar los pares de divisas basándose en términos de popularidad, fuerza de tendencia alcista o bajista y porcentaje de compradores y
All in One Trade
Alexey Minkov
4.48 (27)
The All-in-One Trade Indicator (AOTI) determines daily targets for EURUSD, EURJPY, GBPUSD, USDCHF, EURGBP, EURCAD, EURAUD, AUDJPY, GBPAUD, GBPCAD, GBPCHF, GBPJPY, AUDUSD, and USDJPY. All other modules work with any trading instruments. The indicator includes various features, such as Double Channel trend direction, Price channel, MA Bands, Fibo levels, Climax Bar detection, and others. The AOTI indicator is based on several trading strategies, and created to simplify market analysis. All-in-One
WARNING!! THIS SWORD IS TOO SHARP!    ONLY 10 COPIES LEFT FOR THE NEXT PRICE TO BE 8,000$ FOR UNLIMITED PLAN. Dear traders I am very glad once again to introduce to you my other tool called "Forex Sword Indicator". In short this tool is meant to give you an edge over the market that you have been waiting for  so long. Now, here it is. It is a very very simple tool but yet a dangerous sword. I call it a  Holy grail indicator!. I will not talk a lot about this tool. Just let the tool speak by itse
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Versión 1.1 2021.11.21
Recompiled for newer MT4 builds