Best Pivot Point Indicator for MetaTrader 4 (MT4)

Are you looking for a good pivot point indicator for MetaTrader 4 (MT4)? In this article, I’m going to show you what I believe is the best pivot point indicator for MT4 and why I think you’ll like it too.

 

 

Pivot points and the various other support and resistance levels that are calculated from them are often great levels to trade from. Price usually has at least some interaction with each level, and many trading strategies have been created to take advantage of this fact.

 

If you’re not sure how to use pivot points in your own trading, take a look at a recent article I wrote about 3 profitable pivot point strategies.

 

The Best Pivot Point Indicator for MT4

The indicator pictured below is called Auto Pivot Plotter. It’s a clean pivot point indicator for MT4 (no labels). I like using clean and simple indicators like this one because it helps to keep your charts from becoming cluttered with unnecessary information.

 

In the image below, I changed all of my resistance levels to red, my support levels to green, and my pivot point to blue. You have the option to change the color of each level individually, which can help you identify individual levels.

 

 

Auto Pivot Plotter is the best pivot point indicator for MT4 in my experience, especially if you plan to use it while backtesting. Many of the pivot point indicators available for MT4 plot levels based on the current day, week, or month, but they don’t show historical levels, which makes them useless for backtesting.

 

You can adjust the number of historical levels that are displayed. Simply adjust the value for “DaysToPlot” to display your desired historical levels.

 

 

This pivot point indicator for MT4 also allows you to adjust the start time for the period of your pivot point calculations. This could be useful, for instance, if for some reason you’re not using NY close charts but you’d like to base your pivot point calculations on NY close prices.

 

To make changes to the starting time of your pivot point calculations, simply change the value of “StartHour” or “StartMinute” from 0 to a whole number (positive or negative). Most traders will not need to use this feature.

 

Finally, there is also a weekly pivot point version of this indicator as well as complementary indicators that plot mid-point levels for both the daily and weekly indicators. All of these are available in separate downloads below.


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Posted By sastroacha : 16 October, 2020
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You can choose Parabolic SAR for 4 TimeFrames (TF4 = true) or for 3 TimeFrames (TF4 = false and TF3 = true) or for 2 TimeFrames (TF4 = false and TF3 = false andTF2 = true) or for only 1 current TimeFrame (TF4 = false and TF3 = false and TF2 = false).                        

Download an advanced moving average crossover signal system indicator for Metatrader 4. The MA histogram changes color when a short-term moving average crosses a long-term moving average from above or below. This system is often used by trend following forex traders. Feel free to experiment with the moving average periods and method (simple, exponential, smoothed and linear weighted).   Trading Signals Buy signal: Wait for the MA histogram to change color from pink to blue (bullish). Sell signal: Wait for the MA histogram to change color from blue to pink (bearish).   Indicator Preferences Currency pairs: any (majors, cross pairs, exotics) Time frames: any Trading sessions: any   Configurable Indicator Options Colors, MA period, MA method, signal, maximum bars,…   Example: EUR/JPY H1 Chart  


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