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Daily Pivot Indicator/Tool Description.

Version 221.221

New version December 22, 2020.

Version 810.201

The entire visual concept uses multiple timeframe views.

Daily Pivot Indicator/Tool uses visualization of the last 3 daily candles on the H1 or shorter timeframe.

This indicator predicts the OCHL price from previous days (yesterday and earlier) to the current day (today).

The indicator has built-in alert signals indicating that the price meets the following criteria:

The trend represented by the moving average EMA is in the appropriate direction for the selected period on the time range H1, H4, D1, W1, MN1,

Uptrend is buy

The downtrend is selling,

Higher than the previous day's high, suitable for buying

Below the previous day's low is a sell.

Day trading on H1 or shorter time frames.

Attachment download

📎 daily_perspective.mq4 (42.45 KB)

Source: MQL5 #31375