Simply adjust the value for “DaysToPlot” to display your desired historical levels. You can adjust the number of historical levels that are displayed. It is a great indicator with many more features than the one on this page, but it doesn’t display historical levels and only displays daily pivot points. Note: I wrote about another pivot point indicator that I recommend here. Many of the pivot point indicators available for MT4 plot levels based on the current day, week, or month, but they don’t show historical levels, which makes them useless for backtesting. You have the option to change the color of each level individually, which can help you identify individual levels.Īuto Pivot Plotter is the best pivot point indicator for MT4 in my experience, especially if you plan to use it while backtesting. In the image below, I changed all of my resistance levels to red, my support levels to green, and my pivot point to blue. I like using clean and simple indicators like this one because it helps to keep your charts from becoming cluttered with unnecessary information. It’s a clean pivot point indicator for MT4 (no labels). The indicator pictured below is called Auto Pivot Plotter. If you’re not sure how to use pivot points in your own trading, take a look at a recent article I wrote about 3 profitable pivot point strategies. Price usually has at least some interaction with each level, and many trading strategies have been created to take advantage of this fact. Pivot points and the various other support and resistance levels that are calculated from them are often great levels to trade from. Are you looking for a good pivot point indicator for MetaTrader 4 (MT4)? In this article, I’m going to show you what I believe is the best pivot point indicator for MT4 and why I think you’ll like it too.
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