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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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Gold ATR MTF   - este é um indicador técnico de ações excelentes. O algoritmo do indicador ATR (Average True Range) analisa o movimento do preço do ativo e reflete a volatilidade traçando os níveis correspondentes em porcentagens especificadas (%) do preço de abertura do intervalo de tempo especificado (D1). Os indicadores (vermelho e/ou azul D1 H4) da direção do movimento do preço do símbolo e os sinais de seta são ajudas adicionais e essenciais para negociações intradiárias e/ou scalping conf
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Indicator : RealValueIndicator Description : RealValueIndicator is a powerful tool designed specifically for trading on the EURUSD pair. This indicator analyzes all EUR and USD pairs, calculates their real currency strength values, and displays them as a single realistic value to give you a head start on price. This indicator will tell you moves before they happen if you use it right. RealValueIndicator allows you to get a quick and accurate overview of the EURUSD currency pair tops and bottoms,
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Indicadores
Indicator captures the trend reversals with no-repaint Buy and Sell Arrow signals. CyberZingFx Trend Reversal Indicator - your go-to solution for accurate and reliable trend reversal signals. With its  advanced trading strategy , the indicator offers you Buy and Sell Arrow signals that do not repaint, making it a reliable tool for catching Swing Highs and Swing Lows in any market and any time frame. Indicator works on  any market  and  any time frames . __________________________________________
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Indicadores
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Indicadores
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Gann Swing Structure
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5 (1)
Indicadores
This indicator is based on the mathematics of the great trader W.D. Ganna. With its help, you can easily find strong levels by analyzing swings to find the optimal entry point. The indicator works on all instruments and all timeframes. The indicator is fully manual and has control buttons. All you need to do is press the NEW button, a segment will appear, which you can place on any movement, swing or even 1 candle that you want to analyze. By placing the segment, press the OK button. A grid (th
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Indicadores
Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
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4.63 (35)
Indicadores
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3 (2)
Indicadores
Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange,   XQ Forex Indicator   empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The
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5 (7)
Indicadores
This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. You can get alerts via MetaTrader 4, email and push notifications at the moment when a sig
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Versão 1.1 2021.11.21
Recompiled for newer MT4 builds