It will also plot the Pivot Points based on the selected timeframe as basis.įor example, if the selected timeframe is the daily chart using a Classic Pivot Point, the All Pivot Points indicator would compute for the Daily Pivot Point (PP) based on the average of the high, low, and close of the previous day. How the All Pivot Points Indicator Works?Īs mentioned earlier, the All Pivot Points indicator can use various computations to plot the different types of Pivot Points. It can also compute the Pivot Point levels using various computation methods, such as the Classic Pivot Points, Camarilla, Fibonacci, and more. It can plot daily, weekly, and monthly Pivot Points. It is a Pivot Point indicator that can be modified to plot all the various types of Pivot Points.

The All Pivot Points indicator is exactly just what its name suggests. The All Pivot Points Indicator can help traders objectively identify such levels by automatically plotting Support and Resistance levels based on a Pivot Point indicator.

However, identifying such levels objectively can be very difficult for new traders. Support and Resistance levels are interesting price points where price could either reverse or break out from.

Introduction to the All Pivot Points Indicator

Pivot point indicator mt4 for mac