Daily Pivot Points Forex Indicator

This indicator draws the daily pivot point on any forex chart. Technical traders look to buy above the daily pivot(PP) and look to sell below the daily pivot point.

Trading Signals

Price above daily pivot (bullish): Look for buy signals

Price below daily pivot (bearish): look for sell signals

Tip: Use pivot points in conjunction with a trading system in order to determine the best entry points. Ignore sell signals above the daily pivot point, ignore buy signals below the daily pivot point.

Indicator Preferences

Currency pairs: any
Preferred Time frames: up to the 4 hour chart
Sessions: any

Download

Download the daily-pivot-points indicator.

Configurable Indicator Options

Colors, Days, Draw…

GBP/USD Hourly Chart Example

daily-pivot-point-indicator

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