The Dynamic Pivot Point Forex indicator for Metatrader 4 is a profitable trend channel indicator based on Pivot Points.
The indicator draws a colored Pivot Point channel that’s wrapped around the candlesticks.
It can give you sniper accurate buy and sell entry/exit points.
You will know in advance where to open and close the trade. There’s nothing to calculate at all.
So, it’s also an excellent trading indicator for beginners.
Attach the Dynamic Pivot Point Forex indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A rising Dynamic Pivot Point channel is considered bullish.
- A falling Dynamic Pivot Point channel is considered bearish.
- Clear entry and exit points.
- Works for any currency pair.
Feel free to explore the Dynamic Pivot Point Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Dynamic Pivot Point Forex MT4 Indicator
Buy Signal: Execute a buy trade when price touches the lower red Dynamic Pivot Point channel band and the channel is rising.
Set your stop loss slightly below immediate support, or use your own favorite stop loss method.
Close the buy trade at the upper Dynamic Pivot Point band, or use your own favorite take profit method.
Sell Signal: Execute a sell trade when price touches the upper blue Dynamic Pivot Point channel band and the channel is falling.
Set your stop loss slightly above immediate resistance, or use your own favorite stop loss method.
Close the sell trade at the lower Dynamic Pivot Point band, or use your own favorite take profit method.
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Formula, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Pivot Point
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.