Pivot Points are a type of support and resistance levels that are used by many intraday and short term traders. When trading pivot points, many of the same rules are in force as with other types of support and resistance trading techniques.
Many traders keep a watchful eye on daily pivot points, as they are considered to be key levels at the intraday timeframe.
Forex pivot points are calculated horizontal price levels on the chart. These levels show potential areas where the price can reverse, especially during the first touch of these levels. Many Forex traders make their intraday trading decisions based on daily pivot levels, and as such it is important for intraday traders to watch price action at these levels closely.
- LIMIT - maximum bars
- ALERT/SOUND - enable alerts
The indicator displays strong support and resistance areas near the levels of certain type calculated using ZigZag vertices with greater amplitude. The strength of levels is defined by the accumulation of Fibo levels calculated using ZigZag vertices with lower amplitude. These areas can be considered as potential reversal zones and used to perform trades and fix profit. Potential reversal zones efficiently sort out the signals received from the oscillators. Also, the functionality for the detect
The Free Pin Bar MT4 indicator identifies Pin Bars It will even give you sound or email alerts if want them. If you download it and like it please leave a review! It would be wonderful Pin Bars are purely based on price action as reflected by the candle formations created by Forex price movements. input Parameters are maximum allowed body/length ratio for the Nose bar. Nose body should be position in top (bottom for bearish pattern) part of the Nose bar. tells the indicator that the Left E
This indicator uses support and resistance, volume and some special formula to calculate the volume to filter the candles. If the volume reaches a specific value, And at the same time, Candle breaks the support/resistance line, There would be a signal and we can enter the market. Signals appear when the current candle closes. then you can enter the trade when a new candle appears. Please don't forget to follow your money management plan. Demo version just work on GBPNZD Support/Resistance Brea
This FREE Dashboard Indicator was created to use with the Triangle ATB Sniper Ninja. This indicator is great by itself but we always go above and beyond the call of duty by offering you extra features that you will not find anywhere else on the market.. Arguably the most popular feature that will come with the ATB Sniper is the signal dashboard. The signal dashboard will show you instantly if there is a triangle pattern in each specific time frame. It makes trading with the ATB Sniper indica
The Daily Fibonacci Levels is an indicator designed for displaying the Fibonacci levels by days using horizontal lines. Displayed levels: +100% (high) +61,8% +38,2% +23,6% average = (high+low)/2 -23.6% -38.2% -61.8% -100% (low) The indicator provides the ability to specify the hour to consider the start of the day. This may be necessary if the dates on the server are changed during the trading session. Parameters StartHour — the hour for this indicator to consider as the start of a new day.
BeST_ Classic Pivot Points is an MT4 Indicator that is based on the widely known and definitely classic Pivot Point of a market prices activity. A pivot point is calculated as an average of significant prices (high,low,close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish. A pivot point and the associated suppo
FFCalendar Pro is an advanced version of the FFCalendar free economic news calendar you can find here: https://www.mql5.com/ru/market/product/23647 . Like the free version, FFCalendar Pro receives news from the ForexFactory website and displays their importance, release time and numerical values on the info panel that you can easily move along the chart and minimize by your mouse. Additionally, FFCalendar Pro shows the news release time by vertical lines. The lines' color and width depend on t
PRO version is available here: https://www.mql5.com/en/market/product/12648 FFx Universal Strength Meter is more than a basic strength meter. Instead of limiting the calculation to price, it can be based on any of the 19 integrated strength modes + 9 timeframes. With the FFx USM, you are able to define any period for any timeframe. For example, you can set the dashboard for the last 10 candles for M15… Full flexibility! Very easy to interpret... It gives a great idea about which currency is weak
MQLTA Support Resistance Lines is an indicator that calculates the historical levels of Support and Resistance and display them as Lines on chart. It will also Alert you if the price is in a Safe or Dangerous zone to trade and show you the distance to the next level. The indicator is ideal to be used in other Expert Advisor through the iCustom function. This DEMO only works with AUDNZD, the full product can be found at https://www.mql5.com/en/market/product/26328 How does it work? The indicato
The Renko_Bars_3in1_DEMO is designed for plotting 3 types of Offline Renko charts. Standard Renko Bar (the reversal bar is twice the size of the bar). Renko Range Bar (the size of all bars is the same). Renko Bars with the ability to adjust the size of the reversal bar. Note . Renko_Bars_3in1_DEMO is a demo version of Renko_Bars_3in1 indicator. Works only on Demo accounts. A chart with the M1 period is necessary to build an offline chart. When the indicator is attached to a chart, the offline ch
Megatrend Assistant Free is a free version of Megatrend Assistant. Megatrend Assistant Free differs from the full version only in that it works only with seven currency pairs included in its default settings ( GBPCAD, GBPCHF, NZDCAD, AUDCHF, CHFJPY, NZDCHF, CADJPY ), which cannot be replaced by others. All other properties of the indicator are the same as in Megatrend Assistant. Megatrend Assistant is the latest development, which incorporates a wealth of experience gained over several years of
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 Settings Enter GMT Cor
Strength Box is a very simple indicator to understand and anyone can use it. This is a totally free version. I am working on other indicators and Expert Advisors and I will add them to the Market soon. This indicator shows trends and is based on Relative Strength Index (RSI) Features 20 and 80 - danger area (confirms trend pull back chances) 30 and 70 - thinking area (price pull back chances) 50 - neutral area Happy Trading!
Magnetic smart uses a neural network in its work. The advisor is able to calculate stop loss and take profit levels based on support and resistance levels. EA is limited to one currency pair - EURUSD , the timeframe is M30 , the maximum order size is limited to 0.1 lots. The advisor does not use grid, martingale or any other unsafe strategy. Description of the parameters: TradePairs - Сurrency pairs; Order size calc. method - Selection of order size calculation method; Order size - Order siz
Benefits Adaptability; No input parameters; Predictive models are included in the algorithm; Works on all markets and instruments. Operation Principle The indicator is trend following. First, the indicator analyzes instrument's historical data over sliding windows, calculates values of main variables, determines coefficient. Further, it analyses current market situation and confirms previous trend, or gives out a signal of the trend reversal. Scaling coefficients allow to switch to any available
Rainbow MT4 is a very simple indicator based on Moving average with period 34 and can be very useful. When price crosses above MA and MA changes color to green, it’s a signal to buy. When price crosses below MA and MA changes color to red, it’s a signal to sell. An Expert advisor ( Rainbow EA MT4) based on Rainbow MT4 indicator, as you can see in the short video below is now available on my product page .
This indicator alerts you when/before new 1 or 5 minute bar candle formed. In other words,this indicator alerts you every 1/5 minutes. This indicator is especially useful for traders who trade when new bars formed. *This indicator don't work propery in strategy tester.Use this in live trading to check functionality. There is more powerful Pro version .In Pro version,you can choose more timeframe and so on. Input Parameters Alert_Or_Sound =Sound ----- Choose alert or sound or both to not
The indicator shows support/resistance levels based on the currency volatility for the selected period (number of bars) on the specified timeframe (regardless of the indicator timeframe). Price data on the selected currency and specified timeframe (by default – D1) are necessary for the indicator's normal operation. To download the necessary data, simply open the new window of the selected timeframe. МetaТrader 5 version: https://www.mql5.com/en/market/product/6832 Parameters Volatility bars co
The Renko_One_ReversBar_Demo is a Demo version of the Renko_One_ReversBar indicator. The main feature is that only one Reversal Bar is drawn. As in the indicator Renko_Bars_3in1 , you can independently adjust the size of the reversal bar. Works only on Demo accounts. Important. To build an offline chart, you need a chart with a period of M1. When you launch the indicator on the chart, the offline chart opens automatically. When closing the terminal, also close the offline chart, because the nex
VR Alert indicator warns the trader that the price has reached the level set by the trader. Join the discussion in the group @telegram development news and updates @telegram VR Alert Demo This is a demo version of the indicator VR Alert , works only on the currency pair AUDCAD The indicator was created to facilitate the trader's work. it can take hours or even days to wait for the price to break through an important level. In order not to sit around the clock in front of the terminal, this indic
The indicator plots horizontal channels. If the price breaks the boundary of the channel, the channel is shifted. The channel boundaries serve as the support and resistance levels, and the areas bordering the channel boundaries can be used as the overbought and oversold areas. The Channels for prices indicator perfectly works during a flat when combined with the indicators like Stochastic, RSI and operates as a confirmation indicator. The Channels for prices free is a demo version limited to: EU
MASi Three Screens is based on the trading strategy by Dr. Alexander Elder. This indicator is a collection of algorithms. Algorithms are based on the analysis of charts of several timeframes. You can apply any of the provided algorithms. List of versions of algorithms: ThreeScreens v1.0 - A simple implementation, with analysis of the MACD line; ThreeScreens v1.1 - A simple implementation, with analysis of the MACD histogram; ThreeScreens v1.2 - Combines the first two algorithms
With this AMD Exclusive Two Separate Window Free indicator, you will be able to spot, predict, trade and profit from strong trends of markets This is not a simple indicator, it is a ready to use trade system. AMD Exclusive Two Separate Window Free works only on USDCAD currency pair. The full version of the product has no limitations. Full version: https://www.mql5.com/en/market/product/33589 What we have? Automatic optimization Overbalance (manual, semi-automatic and automatic) Fibonacci P
What is gap? You may know gap as a space, where there are no price quotes such as after weekend or important economical announcement. In this manual, gap represents a space in market, where there was a big price action - sell or buy . With this indicator we are looking for footprints of big market players . These gaps are very important for price movements and we can use them as a support and resistance , where big players execute their buy and sell orders, sometimes we see market rotation exac
FT Spread Histogram records spread values into a histogram with saving history. Displayed Information: ExtSpreadMax – maximum spread level reached during the bar ExtSpreadAvg – average spread level within the bar ExtSpreadMin – minimum spread level reached during the bar ExtSpreadFixed – spread is fixed (show only dot) Indicator Parameters: InpLineShow – show horizontal line with actual spread level InpLineColor – line color InpLineStyle – line style InpLineWidth – line width InpLineNamePrefix
Free automatic fibonacci is an indicator that automatically plots a fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe
This is the FREE version of Net Change Indicator. The indicator Net Change is a very useful tool able to extrapolate a percentage in order to have a real reference on the performance of the instrument. This indicator is designed to show the main values: you could monitor the Daily, Weekly, Monthly, Quarterly, Semi-annual and Annual percentages. A necessary tool for those who want to really explore the quantitative logic of the market. Input parameters: ONLY AUDUSD symbol Visible_D1 (ON/OFF Dai
This indicators automatically draws the Support and resistances levels for you once you've dropped it on a chart. It automates the repetitive process of drawing these levels and also indicates the areas where price consolidates. It reduces the hustle of drawing and redrawing these levels every time you analysis prices on a chart. With it, all you have to do is dropped it on a chart, adjust the settings to your liking and let the indicator do the rest. But wait, it gets better; the indicator i
This "Time of Renko Bar" indicator can be utilized by traders using Renko bars. The indicator will record the time taken for each box to be formed (in seconds) and display those values in a separate indicator window. Some traders use the time of a Renko bar to assess momentum. This means that if a box is taking more time to form, it could mean that the trend is weakening.