Introduction to the Pivot Point Indicator
Support and Resistance levels often work when the bulk of the market consider it as such. Men, traders would often identify support and resistance levels manually, making it very subjective.
Using the Pivot Point indicator is an effective way to objectively identify support and resistance levels which many seasoned traders are most likely looking at.
What is the Pivot Point Indicator?
The Pivot Point indicator is a widely used technical indicator used to determine the general trend direction or bias based on the relationship of price action in relation to historical price data points.
Pivot Point indicators generally plot seven lines. The main line would be the Pivot Point (PP) line which would be the basis for the other lines. Pivot Point indicators then plot three Resistance lines (R1, R2, og R3) above the Pivot Point line, og tre støttelinjer (S1, S2, og S3) below the Pivot Point line.
This version of the Pivot Point indicator plots a dotted yellow line to represent the Pivot Point (PP) Linje, three dotted red lines to represent the Resistance lines (R1, R2, og R3), and three dotted blue lines to represent the Support lines (S1, S2, og S3).
How the Pivot Point Indicator Works?
Although there are several methods in computing for the Pivot Point lines, the middle line of the Pivot Point line is usually a basic computation. It is usually the average of the high, lav, og avslutning av forrige periode. For eksempel, a Daily Pivot Point would be the average of the high, lav, og avslutning av forrige dag, while a Weekly Pivot Point would be the average of the high, lav, and close of the previous week.
Støtten (S1, S2, og S3) og motstand (R1, R2, og R3) lines have different formulas all of which are also derived from the main Pivot Point (PP) Linje.
This version of the Pivot Point indicator allows traders to choose whether the indicator should plot the Daily, Ukentlig, or Monthly Pivot Points. This variable can be modified under the Inputs tab of the indicator’s settings.
How to use the Pivot Point Indicator for MT5
Hovedpivotpunktet (PP) line can be used to determine the general trend direction or bias based on where price is in relation to it. The trend bias can be bullish if price is above the PP line, and bearish if price is below the PP line.
The Pivot Point lines including the support and resistances should be used as a regular support or resistance line is used. It can be used as a basis where price can reverse. Support or Resistances can also act as the opposite once broken.
Kjøp handelsoppsett
Når du skal angi?
Open a buy order as soon as price action shows signs of price rejection on a Support line. Sett stopptapet under bullish reverseringsmønsteret.
Når du skal avslutte?
Set the take profit target on the next Pivot Point or Resistance level.
Selg handelsoppsett
Når du skal angi?
Open a sell order as soon as price action shows signs of price rejection on a Resistance line. Sett stopptapet over det bearish reverseringsmønsteret.
Når du skal avslutte?
Set the take profit target on the next Pivot Point or Support level.
Konklusjon
The Pivot Point indicator is a very useful technical indicator for identifying potential areas where price can reverse.
MT5 Indikatorer – Last ned instruksjoner
Pivot Point Indicator for MT5 is a Metatrader 5 (MT5(andre)) indikatoren og essensen av denne tekniske indikatoren er å forvandle de akkumulerte historiedataene.
Pivot Point Indicator for MT5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Basert på denne informasjonen, handelsmenn kan anta ytterligere prisbevegelse og justere sin strategi tilsvarende. Klikk her for MT5 Strategier
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How to install Pivot Point Indicator for MT5.mq5 to your MetaTrader 5 Diagram?
- Download Pivot Point Indicator for MT5.mq5
- Copy Pivot Point Indicator for MT5.mq5 to your Metatrader 5 Katalogen / Eksperter / Indikatorer /
- Starte eller starte Metatraderen på nytt 5 Klient
- Velg Diagram og tidsramme der du vil teste mt5-indikatoren
- Søk “Egendefinerte indikatorer” i navigatoren som for det meste er igjen i Metatraderen 5 Klient
- Right click on Pivot Point Indicator for MT5.mq5
- Legge ved et diagram
- Endre innstillinger eller trykk ok
- Indicator Pivot Point Indicator for MT5.mq4 is available on your Chart
How to remove Pivot Point Indicator for MT5.mq5 from your Metatrader 5 Diagram?
- Velg diagrammet der indikatoren kjører i Metatraderen 5 Klient
- Høyreklikk inn i diagrammet
- “Indikatorer liste”
- Velg indikatoren og slett
Punktindikator for MT5 (Gratis nedlasting)
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