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SDX-Tz Metatrader 4 Pivot Point Indicator

The SDX-Tz pivot point indicator is one of the most complete pivot point indicators I have ever seen. SDX-Tz draws the pivot point along with its support and resistance levels on the chart (PP, S1, R1, S2, R2, S3, R3) + sub levels (MS1, MR1, MS2, MR2, MS3, MR3) and Camarilla pivot point levels. Sub levels may be useful to find entry and exit points.

General Assumptions

Bullish: Price above the pivot point
Overbought: Price above resistance point 2 (R2)
Extrememly overbought: Price above resistance point 3 (R3)

Bearish: Price below the pivot point
Oversold: Price below support point 2 (S2)
Extremely oversold: Price below support point 3 (S3)

Indicator Preferences

Currency pairs: any

Preferred Time frames: any

Sessions: N/A

Download

Download the SDX-TzPivots.ex4 indicator.

Configurable Indicator Options

LocalTimeZone, LineStyle, ShowHighLowOpen, ShowPivots, ShowCamarilla, ShowLevelPrices, ShowMidPitvot, Colors,…

USD/JPY H1 Chart Example

forex-pivot-point-indicator1

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