Figurelli Pivot is a free custom Forex indicator for mt4 (Metatrader 4) that displays the Figurelli Pivot and accompanied support and resistance levels on the chart.
The indicator appears in the main MT4 chart window as the Figurelli pivot point with S1, S2, S3 and R1, R2 and R3 levels.
The Figurelli Pivot works on pure price action and is no lagging in nature.
Trading with the Figurelli Pivot simple idea:
- A buy signal occurs as soon as price closes above the Figurelli Pivot (bullish).
- A sell signal occurs as soon as price closes below the Figurelli Pivot (bearish).
- Take profit at the Fibonacci support (sell trade) and resistance levels (buy trade).
The Figurelli Pivot indicator can be used for both entry and exit signals or to confirm buy & sell trade setups issued by your favorite trading systems or strategies.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “figurelli-pivot-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Figurelli Pivot mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Figurelli Pivot Forex 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: Figurelli Pivot + support & resistance
Does it repaint? No.
Download Now
Download the “figurelli-pivot-indicator.mq4” indicator for Metatrader 4
