Pivot Points - MetaTrader 4 Script - MQL5 #16032 | Forex Indicators Download - MT4/MT5 Resources
This indicator shows price pivot points.
When candles form a pattern, usually all candle wicks can be crossed by a line and price will reverse.
The number of candles and the historical period of the search pattern can be set in the indicator parameters.
Attachment download
📎 cm_ind_level_cndl.mq4 (4.59 KB)
Source: MQL5 #16032
Pivot Point - MetaTrader 4 Script - MQL5 #16032 | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Pivot Point - MetaTrader 4 Script - MQL5 #16032 | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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