Free

The All Pivot Points Indicator is a price channel tool designed for the MetaTrader platform. It calculates pivot points using historical price data such as open, high, and close values, then automatically updates reversal levels after the New York session. By plotting six horizontal levels, the indicator helps traders identify key Support And Resistance zones where price often reacts, making it an essential tool for technical analysis.

Key Features

Automatic Pivot Calculation: Updates daily after the New York close.
Six Reversal Levels: Three support levels below price and three resistance levels above.
MTF Compatibility: Works across multiple timeframes for intraday and long-term analysis.
Versatile Use: Suitable for forex and stock chart analysis.

How to Trade with All Pivot Points

Range Trading: If price fails to break a channel level, look for reversal candlestick patterns near support/resistance zones. For example, sell near resistance and target support.
Breakout Trading: When price breaks through a pivot resistance, it signals a bullish trend. Enter buy orders and target the next resistance level. Similarly, a break below support signals bearish momentum.
Scalping & Day Trading: Channels closest to price are crucial for short-term traders, as price must interact with these levels before moving further.

Benefits for Traders

Provides clear support and resistance zones.
Enhances breakout and reversal strategies.
Reduces guesswork by automatically plotting levels.
Suitable for beginners and experienced traders.

Conclusion

The All Pivot Points Indicator is one of the best tools for identifying support and resistance levels in forex and stock trading. By combining daily, weekly, and intraday pivot levels, it simplifies technical analysis and improves trading accuracy. Download it today to strengthen your Price Action strategy.