Pivot Point for signal or confirmation

Avatar
Yannis Latroche
  • updated
  • Completed

Pivot Point is one of the indicator i use the most for my strategies, either confirming trend, breakout retest or consolidation and combining with others indicators ... well used it's a good indicator that give confirmation and objectives.

We could either put support/resistance or only pivot point to see the trend in the timeframe of our choice

An example worth a thousand words

Below is a EURUSD M5 chart with daily Pivot (Short Term)

Image 1087

And here EURUSD H1 weekly Pivot

Image 1088

I took the best case scenario for illustrating my thoughts but sometime the market doesn't want to give us profit

For MetaTrader indicators i found for both 4/5

https://www.mql5.com/en/market/product/10298?source=Site+Market+MT5+Indicator+Search+Rating004%3apivot+point

https://www.mql5.com/en/code/10990

Duplicates 2
hello trader i have one strategy i want to convert it into EA but i dont know coding can any one convert this
Support and Resistance/Admiral Pivot (stochastic&RSI) H1and Up

I suggesting to dev adding a support and resistance and Admiral Pivot for Stochastic and Rsi strategy in H1 and higher Timeframe.

its really big help for more accurate signal  less false signal for Stochastic and RSI also this stochastic and Rsi strategy is use to all Forex Symbol i hope the dev add it.

Replies 32
Avatar
1
Yannis Latroche
Quote from Andrey Khatimlianskyi

Done in 2.55.2 -- https://t.me/CommunityPowerNews/141

Thanks will work on a strategy with it 

Avatar
0
jay hu
Quote from Yannis Latroche

Thanks will work on a strategy with it 

Looking forward to test your strategy!