Weekly & Monthly Pivots | Forex Indicators Download - MT4/MT5 Resources

I just want to thank everyone for their contributions and systems. To date, however, many systems have backfired due to confusion.

I currently trade positions using the 5 minute intraday system, Bagovino and Daily Fozzy.

There is one common thread I use on all systems and that is the weekly pivot. They are very powerful. The price respects them. Every month, get stronger. I'm up 30 points on cable tonight. I set a sell stop below weekly S1 and a price target above weekly M2. Pull up the weekly chart on any chart and see for yourself how the price respects them. There are so many changes to the daily pivot based on midnight GMT, New York Times, etc.

I would use it with any system I choose on a weekly basis as pivots are forward looking indicators and not lagging like MA etc.

Attached are MQ4 files of different pivot levels, you can choose what you want to overlay the chart.

The MQ4 I have attached offers 4 hourly, daily, weekly and monthly pivots. When you open the indicator, go to the inputs and select "true" for the pivots you want and "false" for the pivots you don't want.

enjoy,

Bazaar