The Daily Pivot V2 indicator for Metatrader provides an easily configurable variable pivot calculation engine. This essential feature allows traders to tune their Metatrader Daily Pivots to the timezone they are trading in.
Most non-commercial pivot indicators use a fixed calculation basis which normally calculates the pivot levels based on 00:00 on the local Metatrader chart.
For traders who want to 'dial' their pivot calculations into GMT, EST or Asian opening times the ability to specify the pivot calculation timeframe is essential.
The Daily Pivots V2 Indicator for Metatrader has the following functionality:-
Configurable Daily Pivot Calculation time to compensate for different trading zones.
Optional Calculation Point display to assist in tuning.
Configurable pivot calculation data display.
Full range of Daily Pivots levels displayed including intermediate 'M' levels.
Clear daily pivot point labelling system
Option to hide 'M' levels (intermediate) pivots
Configurable daily pivot point colours
Configurable daily pivot point lengths
Price/Pivot Proximity Alert System
Using the FX AlgoTrader Daily Pivots V2 module provides the following advantages:-
Unique price / proximity alerts which reduces screen time and stress. Set your pivot alerts and do something else until you hear the alert!
Options to change the pivot alert sound.
Variable pivot calculation window with inuitive calculation display points for added peace of mind.
Fully configurable colour and line style options
Line length control for specific periods
Options to draw pivot lines as rays or with custom extension length
Free Pivots Indicators?
Click here to learn why free pivots indicators can lead you to incorrect trading decisions which will cost money.
Are you serious about making money in FX?
If the answer to this questions is yes you
should be aware of multi-timeframe pivot confluence levels.
If you need tools to quickly identify Daily, Weekly and Monthly pivot confluences you have come to the right place!