Forex Indicator "PIVOT Support Resistance LEVELS Day Week Month" for MT4
- Indicator " Pivot Levels D_W_M " is a very powerful auxiliary indicator for Price Action trading
- This particular indicator is using Fibonacci numbers in calculation.
- Pivot Levels are calculated as an average of significant prices from the performance of a market in the prior trading period
- Pivot Levels itself represent levels of highest resistance or support, depending on the overall market condition
- Indicator " Pivot Levels D_W_M " shows you the most probable reversal levels, which can be reached by price.
- R - level (red) - Resistance
- S - level (green) - Support
- Daily, Weekly & Monthly prior trading periods are available in settings for calculation
- Indicator " Pivot Levels D_W_M " is excellent to plan your Take Profit targets or Price Reversals via Price action patterns.
HOW TO USE indicator:1) Attach Indicator to corresponding chart2) Select settings which you need and press OK button3) Click to different time-frames in MT4 (H1, H4, D1, W1) for initial correct calculation of indicator.
// More great Expert Advisors and Indicators are available here: https://www.mql5.com/en/users/def1380/seller
// Also you are welcome to join to profitable , stable and reliable signal https://www.mql5.com/en/signals/1887493
