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.