Daily Pivot Points and OHLC Auto Indicator MT4

Daily Pivot Points and O,H,L,C Auto Indicator MT4

Summary

A two in one indicator that draws pivot points (PP) and open, high, low and close (OHLC) prices on the chart. This indicator automatically picks up daily OHLC prices based on open and close time inputs and then draws these levels on the chart.

The indicator also automatically calculates PP and S1, S2, S3, R1, R2, R3 and draws them on the chart.

Key Benefits

Pivot points (PP) are a common indicator used by traders and are worked out from the previous day’s HLC prices. They are used to predict support and resistance levels in the current or upcoming trading session. Support and resistance levels are key levels for trade analysis and management (entry, exit and risk levels).

This indicator is useful as it automatically calculates and plots the PP on the charts for you. This indicator automatically picks up the daily OHLC prices from the previous day.

This indicator also automatically disregards Sundays trading hours, this  gives more accurate levels.

For full indicator details and inputs visit the indicator page HERE

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