The FX AlgoTrader Weekly Pivots V3 indicator for Metatrader provides the standard time shiftable pivot calculation engine supplied within the V2 product with the addition of the following functionality.

• Full Pivot Array (WM0-WM5,WS3-WR3)

The V3 indicator provides a wider pivot array which incorporated 4 additional levels - WS3,WM0,WM5 and WR3.

• Multiple Alert System

The V3 system has independent alerts for each pivot level. This allows traders to configure audible alerts when price action is within a specified range of any pivot level. The pivot alerts are independent so it is possible to set an alert for every pivot level ie 13 simultaneous price proximity alerts.

When a pivot is configured with an active alerts the system automatically changes the pivot labelling and adds an (A) suffix to indicate the alert is enabled.

• Option to show previous weeks high and low

The previous weeks highs and lows are key levels and should be used in conjunction with intraday pivot levels to identify price reaction points.