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Mt4 Indicator Download Checkout AddedMT4 Version 0.00 MT5 Version 0.00 Free Download Checkout Added to cart Specs Release date: November 13, 2018 Last updated: June 19, 2019 Current version: 1.5 Product type: indicator Requirements: MT4 Description Comments Update log KT Pivot Points indicator, also known as Pivot Levels, is a commonly used indicator in technical analysis particularly in Forex.
Mt4 Indicator Manual Calculating AndUnlike the manual calculating and plotting, this indicator makes automatic calculations. Read More 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. How Pivots are calculated Main pivot will be calculated using the average of previous days close, high and low. Afterwards, the result will be combines with 3 more resistance and support lines to provide different levels that will determine the need to either exit or enter the market. ![]() ![]() Pilot level can even be acceptable to be used as stop loss, profit target, exit or entry depending on the current situation in the market. Typically, a trader will purchase once the market touches the support level and once it reaches the resistance point the probability is on selling. However, this commonly used strategy is basically dangerous during intensely trending markets. The best way to use forex pivots points is to treat them as indicator of the actions in the daily basis. If the price is underneath the pivot, the market is expected to decline. Doing this, you can assure that the first resistance or support can become indicator of a probable action that will lead to a trading that goes in the similar trend direction. This strategy can turn to whipsaws especially if there is low instability. Nevertheless, this is generally the safest strategy that can be used. ![]() To know more about the Pivots, read our detailed blog post - A Pivot Points Forex Trading Strategy. V1.5 - Added alerts when price touches a pivot level. Screenshots autoplay:false,autoplayspeed:1000,speed:300,arrows:true,dots:true Help others make better choices. By sharing your review, you will help others to make advised decision about what they buy from us. Username or Email Address Password Remember Me Leave a reply Cancel reply Comment Save my name, email, and website in this browser for the next time I comment. Mt4 Indicator License Agreement SocialNavigation MetaTrader Indicators Expert Advisors (EA) My Downloads Support Desk Legal Terms and Conditions Disclaimers Privacy Policy End User License Agreement Social Follow KeenbaseTrading Copyright Keenbase Trading, 2018-2019.
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