Identify potential trends/ranges (pivot points) - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources

When I started learning to trade, I remember trading pioneer Sean Lucas (founder of Apiary-fund) saying "Trading is simple, you go from a range market to a breakout market and vice versa". I looked at a few charts and he was right. So I told myself that I must always focus on range markets and trending markets, but with the help of indicators. There are many indicators that can help us observe these range/trending markets and they work very well, but I like to use pivot points.

That's why I created this indicator to help me automatically observe these potential trends/ranges (based on pivot points) instead of doing all the work myself. I know there are many Metatraders who also suffer from this problem, that's why I want to share this indicator with you, hope it will help.

Don’t forget to send you comments and rate these scripts. Happy trading!

Live trading sessions:

You can view the live trading sessions below and see how I use my products in my trading

Attachment download

📎 sct_pivotpoints.mq5 (2.79 KB)

📎 candlestick.mqh (3.22 KB)

📎 define.mqh (1.9 KB)

📎 enum.mqh (1.51 KB)

📎 functions.mqh (19.34 KB)

Source: MQL5 #30212