Advanced Pivot Points Indicator - Free MetaTrader Script for Your MT4 Platform
Pivot points are important technical indicators that allow traders to see the underlying trend of a security. By plotting these points on a chart, traders can better predict where the security is headed and potentially make better trading decisions.
There are several types of pivot points, but the most common are daily, weekly, and monthly pivot points.
Daily pivot points are based on the previous day's high, low, and close prices.
Weekly pivot points are based on the previous week's high, low, and close prices.
Monthly pivot points are based on the previous month's high, low, and close prices.
Advanced pivot points are more complex than regular pivot points and take into account more data points, such as the open price. These advanced points can provide a more accurate picture of the underlying trend and can be very useful for traders.
Advanced Pivot Points Indicator - Automatically calculate the seven critical levels based on yesterday's high/low close. Know your pivot points in advance.
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