The Multiple Days Pivot Point indicator for mt4 (Metatrader 4) displays the pivot points and accompanying trading levels for multiple days on the chart.
The indicator pops up the main MT4 chart window.
Pivot points can be traded in various ways.
Buy & Sell Trade Example
- Open a buy position if the candlestick crosses the current pivot point upwards.
- Open a sell position if the candlestick crosses the current pivot point downwards.
The Multiple Days Pivot Point indicator can be used for both trade entry and exit or as an additional trend bias filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “LNX_Pivots_v1.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Multiple Days Pivot Point mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with the Multiple Days Pivot Point indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Pivot
Does the indicator repaint? No.
