Pivot Points for MetaTrader 5 by BOToBRACIA

Pivot Points for MetaTrader 5 by BOToBRACIA

Pivot Points are a classic technical analysis indicator that calculates the central pivot point (PP) as well as support (S1–S3) and resistance (R1–R3) levels based on the previous day’s High, Low, and Close.

The indicator allows you to:
• identify key zones where the price may bounce or break through
• determine the direction of the trend
• find good entry points, as well as set stop loss and take profit levels

Indicator settings:
• enable/disable PP, R1/S1, R2/S2, R3/S3
• enable/disable price labels
• decide for how many days the levels should be drawn

Ideal for:
• day traders and swing traders trading forex, indices, commodities, and cryptocurrencies
• traders using classic technical analysis

Thanks to the ability to draw levels for historical days as well, you can easily test the usefulness of the indicator and adjust it to your trading style.

Attention! The following product does not include a transaction panel. The transaction panel is available as a separate product.