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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.mq4

Configurable Indicator Options

Colors, Days, Draw…

GBP/USD Hourly Chart Example

daily-pivot-point-indicator

How to install the Daily Pivot Points custom indicator in Metatrader 4?

  • Download the daily-pivot-points indicator.mq4 indicator to your computer.
  • Open your Metatrader 4 platform.
  • Open the data folder from the top menu.
  • Open the MQL4 folder.
  • Open the indicators folder.
  • Paste the indicator file in this folder.
  • Restart the trading platform.
  • Open any trading chart.
  • Attach the indicator to the chart.