Pivot oscillator – indicator for MetaTrader 5

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category:MT5 INDICATORS

This is a variation of a well known pivot indicator

Instead of showing pivot lines on main chart the indicator is showing pivot lines in a separate window and it shows price position relative to those pivot lines. That way you can clearly see how the price moved during the day compared to pivot lines

Pivot oscillator - indicator for MetaTrader 5

PS: it supports all time frames supported by metatrader 5. The default is daily pivots, but you can use sny time frame available (+ the automatic time frames that are listed in the time frame drop-down list)

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