The Monthly Pivots module automatically calculates the monthly major and minor pivot levels and displays them on the associated main chart window with the appropriate pivot label. The pivot lines are colour configurable so the user can customise the colour scheme to their own requirements.
The pivot lines drawn are:-MR2,MM4,MR1,MM3,MPP,MM2,MS1,MM1,MS2 and are calculated using the previous months open, high, low and closing prices.
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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!