Critical Pivot Point Levels Forex Indicator For MT4

The critical Pivot Point levels Metatrader 4 forex Indicator is an almost perfect buy/sell indicator that draws critical pivot levels on the chart window.

This piece of information is a goldmine for all kind of traders to determine profitable trade entries, exits, pullbacks and take profit levels.

How to trade with it?

  • A buy trend occurs when price closes above the red upper dotted critical pivot point line from below.
  • A sell trend occurs when price closes below the red lower dotted critical pivot point line from above.

Tip: Trading the Average Directional Movement Index MT4 indicator together with the critical Pivot Point levels indicator creates an interesting trading system.

In this case:

  • A buy trend takes place when the light sea green ADX line breaks above the 20.00 horizontal level and the +DI line (yellow-green) is aligned above the -DI line (wheat), while price bars are aligned above the upper red dotted critical Pivot Point levels indicator line.
  • A sell trend takes place when the light sea green ADX line breaks above the 20.00 horizontal level and the -DI line (wheat) is aligned above the +DI line (yellow-green), while price bars are aligned belowthe lower red dotted critical Pivot Point levels indicator line.

Download This MT4 Forex Indicator Free

Download the “ACD_PV.ex4” Metatrader 4 indicator

Critical Pivot Point Levels Forex Indicator Chart

Below is an example of how the indicator should appear when added onto the Metatrader 4 chart.

Traders are free to adapt this indicator on a cross section of forex pairs and time frames of their preference.

Finding Buy and Sell Triggers With The Critical Pivot Point Levels Forex Indicator  

Below is an example of how to buy and sell currency pairs with this technical indicator:

Buy Trigger: Open buy trade when price opens and closes above the upper red dotted critical Pivot Point levels line.

Place stop loss below immediate pullback, or use your own stop loss placement method.

Exit the buy trade for a fixed take profit target, for example, 65 pips on the 1-hour swing trading chart.

Sell Trigger: Open sell trade when price opens and closes below the lower red dotted critical Pivot Point levels line (see AUDJPY chart).

Place stop loss above immediate pullback, or use your own stop loss placement method.

Exit the sell trade for a fixed take profit target, for example, 25 pips on the 5-minute day trading chart.

Download This Forex Indicator Now

Download the “ACD_PV.ex4” MT4 indicator

Adjustable Parameters

Pivot Range Start, pivot range end, display pivot point, display previous high low, display MAs.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

  • Trading oscillators (Relative Vigor Index, MACD, Moving Average of Oscillator,….)
  • Trend indicators (ADMI, Parabolic SAR, EMA,…)
  • Price action methods and techniques

More Info About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT4

Time frames: M30, H1, H4, D1, W1

Indicator Type: pivot point

Installation

Copy and paste the indicator in the MT4 indicators data folder (click on ‘File > Open Data Folder’).

Right click within the MT4 terminal Navigator window to refresh or restart the terminal and add the indicator to any chart.

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