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Simple Forex Pivot Points Strategy

The Daily-Pivot-Points.ex4 indicator can be used to design several trading strategies. The strategy described in one of the earlier articles used the blue pivot line as the focal point of the trades. This time around, we will see how this indicator can present trade opportunities using any pivot point available. Chart Setup MetaTrader4 Indicators: Daily-Pivot-Points.ex4 […]

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Buy and Sell Advice Forex Indicator

This forex indicator is a mix of several other popular trading indicators. The MT4 code includes MACD, Fibonacci, Pivot Points and RVI. It gives buy and sell advice to currency traders. There are 3 possibilities: wait, buy and sell. Trading Signals Buy: Direction of the arrow is up and the indicator shows BUY. Sell: Direction […]

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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 […]

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Camarilla Pivot Point Metatrader 4 Indicator

The Camarilla pivot point indicator provides a new way of calculating the pivot point (PP) and accompanying support and resistance levels. Used formula’s: Pivot point: (high price + low price + closing price)/3, Resistance 1: closing price + (high – low for the give timeframe) x 1.1/12, Support 1: closing price – (high – low […]

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Monthly Fib Pivot Point Metatrader 4 Indicator

This indicator calculates the monthly pivot point along with support levels (s1,s2,s3) and resistance levels (r1,r2,r3) for all currency pairs. Excellent for long term traders. General Assumptions Price bullish above the monthly pivot point. Price bearish below the monthly pivot point. Price strongly bullish above R2. Price strongly bearish below S2. Price extremely overbought above […]

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