The SDX-Tz pivot point indicator for Metatrader 4 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)
Extremely 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
How to install the SDX-Tz custom indicator in Metatrader 4?
- Download the SDX-TzPivots.ex4 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.