- The most optimized pivot point indicator, highly robust and easy to use for free
- Our pivot point indicator is based on an advanced algorithm to calculate the pivot point and support and resistance levels
- Incredibly accurate prediction of significant future price levels and possible market reversals
- Useful for all markets (forex, commodities, stocks, indices, and others) and timeframes
- Compatibility: MetaTrader 4
- Free monthly updated
How to trade profitably with the additional indicator Pivot Point:
The additional Pivot Point indicator is based on a special mathematical algorithm that can predict future reversals of any market with high probability. Our pivot point indicator is extremely easy to use and trade. The indicator uses time frame D1 for its calculation. Therefore, especially intraday traders will get the most out of our exclusive Pivot Point indicator.
The indicator always shows the main pivot point (yellow line). The indicator also shows 3 major resistance levels (red lines) and 3 major support levels (blue lines). It doesn’t matter which time period you choose: the indicator is always calculated based on the daily time period.
Our Pivot Point Extra indicator always offers the most accurate price levels. And you can trade the indicator like any other pivot point indicator. If a market is close to resistance levels (R1, R2, R3), a downside move is generally expected. On the other hand, if a market is close to support levels (S1, S2, S3), a bullish reversal is generally expected.
It is also possible to use the indicator very effectively in conjunction with other forex indicators or trading systems. Especially the placement of Stop-Loss or Profit-Target levels based on the Pivot Point indicator is usually a very good idea because a price is reversed from the support (S1, S2, S3) and resistance levels (R1, R2, R3) very often and very precisely.
The middle pivot point level can be used to identify a sentiment: the price above the median pivot point means bullish sentiment, while the price below the median pivot point means bearish sentiment. It is also good to note that the price tends to reach the mid-pivot point with a probability of 70% during a trading day.
We wish you many profitable trades with our powerful Pivot Point Extra indicator!