Pivots are often used in FX trading. They indicate potential resistance and support lines of the day with reference to price movements of the previous day.
However, there are various types of pivots, such as Camarilla and Woodies, and many traders wonder which one to use. This indicator for Metatrader 4 is extremely practical because it displays such a variety of pivots all at once.
In the above image, Woodies and Demarker Pivots are displayed. In addition, this indicator can also display normal pivots and camarilla pivots. It is possible to display all four types of pivots at once, but this is not practical usually because the chart will be messed up.
Tips for using:
Download the "Multi_Pivot" indicator from the button below
Forex Education - Basics:
Free Forex eBooks:
Forex Education - FX Brokers:
Forex Education - Technical Analysis:
Forex Education - Money Management:
Forex Education - Psychology:
Forex Education - Others:
Forex Interbank Trading: