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.
Multiple Days Pivot Point + Entry Take Profit Winner MT4 Intraday Strategy
This MT4 intraday strategy combines classic pivot point trading with a precision entry signal system.
The Multiple Days Pivot Point Indicator for MT4 automatically plots daily pivot levels, helping traders identify the market’s directional bias.
When the price is trading above the central pivot point, it indicates a bullish market tone, while trading below it suggests a bearish bias.
The Entry Take Profit Forex Winner Indicator for MT4 provides well-timed buy and sell signals, marked by blue and red arrows, to guide traders toward high-probability entries.
This setup is best suited for intraday traders operating on M15 or M30 timeframes.
It provides structure, confirmation, and clarity—ideal for those who prefer short-term trading during active trading sessions, such as those in London and New York.
The pivot levels act as a map, while the signal arrows mark the turning points, making trade execution straightforward and disciplined.
Buy Entry Rules
- Wait for the price to move and close above the central pivot point on the chart.
- Confirm that a blue arrow appears from the Entry Take Profit Forex Winner Indicator after the breakout.
- Enter a buy trade at the close of the signal candle.
- Place the stop loss 10–15 pips below the central pivot point or below the previous swing low.
- Set your take profit near the first resistance (R1) level or aim for a fixed target of 25–40 pips, depending on volatility.
Sell Entry Rules
- Wait for the price to move and close below the central pivot point.
- Confirm that a red arrow appears from the Entry Take Profit Forex Winner Indicator.
- Enter a sell trade at the close of the signal candle.
- Place the stop loss 10–15 pips above the central pivot point or above the recent swing high.
- Set your take profit near the first support (S1) level or target 25–40 pips, depending on market conditions.
Advantages
- Combines pivot-based trend direction with clear entry signals.
- Ideal for structured intraday trading with defined stop and target levels.
- Works across major pairs and timeframes from M15 to H1.
- Reduces emotional trading decisions by relying on rule-based entries.
- Pivot points automatically adjust daily, keeping levels relevant and up to date.
Drawbacks
- Whipsaw movements around the central pivot can cause small losses.
- Performance can vary during low-volatility Asian sessions.
- False signals may appear if the market consolidates near pivot levels.
- Requires discipline to avoid overtrading multiple signals in a single day.
Example Case Study 1
On EUR/USD M15, the day opened slightly below the central pivot at 1.0908.
After the London session started, the price broke above the pivot line, and a blue arrow appeared from the Entry Take Profit Forex Winner Indicator at 1.0912.
A buy entry was taken at the close of that candle with a stop loss at 1.0898.
The pair rallied smoothly up to the R1 level at 1.0945, delivering 33 pips profit within two hours.
This move confirmed how pivot levels combined with the signal indicator provide quick intraday setups.
Example Case Study 2
On GBP/USD M30, the price opened above the central pivot point at 1.2830 but later reversed sharply.
A red arrow appeared from the Entry Take Profit Forex Winner Indicator right after the price dropped below the pivot.
A sell entry was taken at 1.2825 with a stop at 1.2840.
The market moved strongly downward toward the S1 level near 1.2790, reaching a 35-pip target before consolidating.
The setup followed all the rules and demonstrated how momentum can accelerate once the price breaks below the pivot.
Strategy Tips
- Focus on trading during the London and New York sessions for higher volatility and cleaner breakouts.
- Always check the overall daily trend from the previous day to align trades with the broader direction.
- Use the R1 and S1 levels as realistic daily profit targets instead of holding trades too long.
- Skip trades when the price is fluctuating right at the central pivot to avoid choppy entries.
- Adjust stop losses slightly wider on high-volatility pairs like GBP/JPY to avoid premature exits.
- Keep a trading journal to track pivot reactions and refine entry timing over time.
