Pivot Point Extra Indicator for MetaTrader 4
- The most optimized, highly robust and easy to use Pivot Point indicator for free
- Our Pivot Point indicator is based on advanced algorithm of calculating the pivot point and support and resistance levels
- Incredibly accurate prediction of future important price levels and possible market reversals
- Useful for all markets (forex, commodities, stocks, indices and others) and timeframes
- Compatibility: MetaTrader 4
- Monthly updated for free
How to trade with the Pivot Point Extra Indicator profitably:
The Pivot Point Extra Indicator is based on a special mathematical algorithm that can predict future reversals of any market with a high probability. Our Pivot Point indicator is extremely easy to use and trade. The indicator uses the D1 time-frame for its calculation. So especially the intraday traders will get the most from our exclusive Pivot Point indicator.
The indicator always displays the main pivot point (yellow line). The indicator also displays 3 important resistance levels (red lines) and 3 important support levels (blue lines). It does not matter which time-frame you will choose - the indicator is always calculated based on the daily time-frame.
Our Pivot Point Extra indicator always delivers the most accurate price levels. And you can trade with the indicator like with any other Pivot Point indicator. If a market is close to the resistance levels (R1, R2, R3) - a downside move is usually expected. On the other side, if a market is near the support levels (S1, S2, S3) - a bullish reversal is usually expected.
It is also possible to use the indicator very effectively in a conjunction with other forex indicators or trading system . Especially placing Stop-Loss or Profit-Target levels based on the Pivot Point indicator is usually a very good idea, because a price reverses from support (S1, S2, S3) and resistance (R1, R2, R3) levels very often and very accurately.
The middle pivot point level can be used to identify a sentiment - price above the middle pivot point means bullish sentiment while price below the middle pivot point means bearish sentiment. It is also good to note that price tends to reach the middle pivot point with a probability of 70% during a trading day.
We wish you a lot of profitable trades with our powerful Pivot Point Extra indicator!
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.