Dynamic Pivot – indicator for MetaTrader 4

Supported Timeframe :

  • Current
  • M1
  • M5
  • M15
  • M30
  • H1
  • H4
  • Daily
  • Weekly
  • Monthly
  • Quarterly (Buggy – Removed)
  • Semester (Buggy – Removed)

Formula :

Resistance 3 = High + 2 * (Pivot – Low)
Resistance 2 = Pivot + (R1 – S1)
Resistance 1 = 2 * Pivot – Low

Pivot Point = (High + Close + Low) / 3
Support 1 = 2 * Pivot – High
Support 2 = Pivot – (R1 – S1)
Support 3 = Low – 2 *
(High – Pivot)

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Daily Pivot on H4 Timeframe

Pivot Timeframe

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