Pivot With Support & Resistance Levels Indicator For MT4

The Pivot With Support & Resistance Levels Forex indicator for Metatrader 4 calculates the pivot point and accompanying support & resistance levels.

The indicator appears in the main chart window and draws all levels on the chart.

The pivot with S&R levels is beginner friendly and can be used for both trade entry and exit.

In essence, price action above the pivot point is bullish while bearish below.

General Information

  • Based on pivot points
  • Calculates support and resistance levels
  • Works best for any time frame
  • Works for trade entry and exit
  • Developed for Metatrader 4

Free Download

Download the LC-Pivots.mq4 indicator file (MT4)

Indicator Chart Example

The picture below shows the Pivot With Support & Resistance Levels indicator attached to the Euro / U.S. Dollar H1 chart.

How to use this Forex indicator?

This Forex indicator can be used in multiple ways, find an example below:

Buy Signal:

  • Open a buy transaction when price crosses above the pivot point from below.
  • Place your stop loss at S1 or S2 (support levels)
  • Exit the buy trade for a fixed profit target or at R1, R2, R3 levels.

Sell Signal:

  • Open a sell transaction when price crosses below the pivot point from above.
  • Place your stop loss at R1 or R2 (resistance levels)
  • Exit the sell trade for a fixed profit target or at S1, S2, S3 levels.

How to install the Pivot With Support & Resistance Levels Forex indicator to the Metatrader 4 platform?

  • Download the LC-Pivots.mq4 indicator file here and save it to your computer
  • Open your Metatrader 4 platform
  • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
  • Click on “MQL4” and open the “Indicators” folder
  • Paste the indicator file in this folder
  • Restart Metatrader 4 and you’re ready to start using the indicator

How to edit the indicator?

  • Attach the indicator to any trading chart of your preference
  • Right click in the chart and select “Indicators List” from the drop down menu
  • Select the indicator from the list and click on “Edit”
  • Now you can start editing the indicator (Inputs, Colors and Visualization)
  • Final step, click on the “OK” button to save the new configuration