KT Pivot Levels
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Pivot Points Indicator MT4 Free Download

Show Daily, Weekly and Monthly Pivot levels on your chart.

Forex Pivot Points Indicator Metatrader 4 Logo

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Specs
Release date:November 13, 2018
Last updated:November 14, 2018
Current version:1.0
Product type:indicator
Requirements:MT4
  • Description
  • Comments

Pivot Points indicator, also known as Pivot Levels, is a commonly used indicator in technical analysis particularly in Forex. Unlike the manual calculating and plotting, this indicator makes automatic calculations.

Features

  • Show Daily, Weekly and Monthly Pivot Levels.
  • Filter bad trades, Its perfect for the Day Traders.
  • Full customization settings for each period.
  • Levels can also be used as profit target.


What are Pivot points?

Pivot levels uses three types of information in the process of calculation such as high price, low price and close price of the previous day, weeks or even months of previous trading. The price levels acquired from calculations will significant points of resistance or support and can be used for continuation set-ups, good reversal, profit targets and stop loss.

Basically, daily data can be used by day traders to calculate daily pivot points, weekly data can be used by swing traders in calculating weekly pivot points and monthly data can be used by position trader in calculating monthly pivot points. Traders and Investors can even utilize annual data to estimate significant levels for upcoming years.

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Screenshots

{"autoplay":"false","autoplay_speed":"1000","speed":300,"arrows":"true","dots":"true"}

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