Magic Pivot

Magic Pivot is a professional indicator for finding the support and resistance lines; it has been developed by a group of professional traders.

The indicator plots three support lines and three resistance lines, where a price reversal is highly probable.

Magic Pivot is an excellent tool for scalping and intraday trading.

 

Advantages

  • High accuracy of signals.
  • Suitable for scalping and intraday trading.
  • The indicator does not redraw.
  • Simple indicator setup, minimum parameters.
  • Works on any financial instruments and markets.

 

Parameters

  • LINE_STYLE - line style (solid, dash, dot, dashdot, dashdotdot).
  • Width - indicator line width.
  • R1 - color of the first resistance line.
  • R2 - color of the second resistance line.
  • R3 - color of the third resistance line.
  • S1 - color of the first support line.
  • S2 - color of the second support line.
  • S3 - color of the third support line.

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