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.
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.
Currency pairs: any
Preferred Time frames: up to the 4 hour chart
Configurable Indicator Options
Colors, Days, Draw…
GBP/USD Hourly Chart Example