The Auto Pivot Points Indicator MT4 is an indicator for MetaTrader 4, specifically designed to display important pivot points. These pivot points lines are plotted on the main chart based on the previous day’s, week’s, and month’s highs and lows of the currency. The calculation of pivot points relies on three parameters: the high, the low, and the closing price of the prior trading session.
This indicator is ideal for traders of all skill levels and adaptable across all time frames. Its versatility supports trading multiple currency pairs within any forex trading system or strategy, assisting in the identification of pivot points.
Indicator Settings
How to Install Auto Pivot Points Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
