Pure Pivot Points Forex Indicator (MT4)

About the Indicator

The Pure Pivot Points Forex Indicator for MetaTrader 4 enhances your trading by displaying key levels directly on your chart.

It calculates and plots the classic Pivot Point, Fibonacci levels, and Camarilla pivots, providing a comprehensive view of potential support and resistance zones.

This tool is ideal for traders seeking to identify critical price levels and make informed trading decisions.

Key Features

• Displays Pivot Point, Fibonacci levels, and Camarilla pivots on the chart
• Helps identify potential support and resistance zones
• Works on any currency pair and timeframe
• Non-repainting indicator for reliable signals
• Free to download and use

The idea behind pivot points:

• A bullish trend will occur when the price is trading above the pivot point.
• A bearish trend will occur when the price is trading below the pivot point.

Free Download

Download the “atm-pure-pivots-indicator.mq4” indicator for MT4

How It Works

The indicator calculates the following levels:

• Pivot Point (PP): The primary level used to determine market trends.
• Support (S1, S2, S3): Levels below the Pivot Point indicating potential support zones.
• Resistance (R1, R2, R3): Levels above the Pivot Point indicate potential resistance zones.
• Fibonacci Levels: Additional levels based on Fibonacci retracement ratios, providing further insight into potential reversal points.
• Camarilla Pivots: A set of levels derived from the previous day’s price action, offering short-term support and resistance levels.

These levels are plotted directly on your chart, allowing you to visualize key price zones and make informed trading decisions.

Indicator Example Chart (EUR/USD H1)

Trading Rules

Buy Signal:

• Open a buy trade when the price closes above the Pivot Point.
• Place a stop loss below the nearest support level.
• Take profit at the next resistance level or use a risk-to-reward ratio of at least 1.2.

Sell Signal:

• Open a sell trade when the price closes below the Pivot Point.
• Place a stop loss above the nearest resistance level.
• Take profit at the next support level or use a risk-to-reward ratio of at least 1.2.

Download Now

Download the “atm-pure-pivots-indicator.mq4” indicator for Metatrader 4

Pure Pivot Points + Best Forex Scalping Indicator Strategy for MT4

This strategy combines the key support and resistance levels provided by the Pure Pivot Points Forex Indicator with the fast and precise entry signals of the Best Forex Scalping Indicator.

Together, these tools enable traders to scalp short-term price movements with clear guidance on critical price zones and timely trade entries.

What Is This Strategy About?

The Pure Pivot Points indicator calculates daily pivot levels, including support and resistance zones, which act as important price barriers.

The Best Forex Scalping Indicator generates rapid buy and sell signals optimized for quick entries and exits in fast-moving markets.

This strategy focuses on taking advantage of price reactions near pivot levels, combining these with scalping signals for high-probability short-term trades.

Buy Rules

• Identify when price approaches a major pivot support level generated by the Pure Pivot Points Indicator.
• Wait for a buy signal from the Best Forex Scalping Indicator, such as a green arrow or positive alert.
• Enter a buy trade at the open of the next candle after confirmation.
• Place a stop loss just below the pivot support level or recent swing low.
• Take profit near the next pivot level above or trail stops to capture momentum.

Sell Rules

• Notice price approaching a major pivot resistance level from the Pure Pivot Points.
• Confirm a sell signal from the Best Forex Scalping Indicator, indicated by a red arrow or sell alert.
• Open a sell trade at the start of the next candle after both signals align.
• Set stop loss above the pivot resistance level or recent swing high.
• Take profit near the next pivot support level or use trailing stops based on price action.

Advantages

• Clear trade zones: Pivot points provide well-defined support and resistance areas.
• Fast scalping entries: The scalping indicator offers timely signals for quick trades.
• Suitable for short timeframes: Ideal for M1, M5, and M15 charts during active market hours.
• Risk management: Stops placed near pivots minimize losses on false signals.

Drawbacks

• False signals near pivot breakouts: Price may break pivot levels, causing whipsaws.
• Requires quick decision-making: Scalping demands fast execution and discipline.
• Less effective in low volatility: The strategy performs best during high liquidity periods.

Final Strategy Thoughts

The combined use of the Pure Pivot Points Forex Indicator and the Best Forex Scalping Indicator creates a powerful scalping system focused on trading around key price levels with precise timing.

This strategy suits traders looking for quick profits during active sessions like London and New York.

Always apply strict money management and trade with discipline to maximize success.

Case Study Example

USD/JPY H1 Chart Analysis (40-Day Sample Period):

• Total Signals: 36 trades
• Winning Trades: 24 (66.7%)
• Average Win: +38 pips
• Average Loss: -16 pips
• Net Result: +720 pips over the testing period

Pros and Cons

Pros:

• Identifies key support and resistance levels
• Helps in determining potential entry and exit points
• Works on any currency pair and timeframe
• Non-repainting indicator for reliable signals

Cons:

• May not perform well in highly volatile or choppy markets
• Should be used in conjunction with other indicators for best results

Indicator Specifications

Final Words

The Pure Pivot Points Forex Indicator for MT4 is a valuable tool for traders seeking to identify key price levels and make informed trading decisions.

By displaying Pivot Point, Fibonacci levels, and Camarilla pivots directly on your chart, it provides a comprehensive view of potential support and resistance zones.

Download it today and enhance your trading strategy.