Pivot Point SR
Forex Indicator PIVOT POINT Support / Resistance for MT4 , MetaTrader 4 Platform
- Indicator "Pivot Point SR " is very powerful auxiliary indicator for Price Action trading
- Pivot Levels are calculated as an average of significant prices from the performance of a market in the prior trading period
- Pivot Levels itself represent a levels of highest resistance or support, depending on the overall market condition
- Indicator " Pivot Point SR" shows you the most probable reversal levels, which can be reached by price.
- R1, R2, R3 - Resistance levels (red)
- S1, S2, S3 - Support levels (green)
- Daily, Weekly & Monthly prior trading periods are available in settings for calculation
- Indicator " Pivot Point SR" is excellent to plan your Take Profit targets or Price Reversals via Price action patterns.
HOW TO USE indicator:
1) Attach Indicator to corresponding chart
2) Select settings which you need and press OK button
3) Click to different time-frames in MT4 (H1, H4, D1, W1) for initial correct calculation of indicator.