Market / MetaTrader 5 / Indicators /

Pivot Reversal

36 USD

Demo downloaded: 15

Published: 22 September 2021

Current version: 1.10

Pivot Reversal

Indicators
Fyodor Korotkov
Version: 1.10
Activations: 5

Hi there!

Since I am starting commercial and non-commercial product publishing I would highly appreciate:

If you like this product, please rate it. That will help to promote not only this product, but indirectly another ones. So, such promotion will help to make some money from commercial products. Thus, I will have opportunity to fund my another directions of trading researches like bot development using mql4 and mql5 programming languages as well as python written products like crypto bots.
If you don't like that product - feel free to write me PM or leave comment on product page with recommendation what to improve and if it will have sense, I'll do that.
Feel free to subscribe on my new telegram channel where I am going to publish updates regarding all directions of trading software development (not only mql products). Thus you be able to try new features in first row.

Indicator detects pivot points of supposed reversal trends and print text labels at the opening of signal bar.

There are 4 inputs:

Bars to left - quantity of bars for analyzing to the left of currently analyzing bar;
Bars to right - quantity of bars for analyzing to the right when and if left bars analysis found supposed pivot point;
ATR (average true range) period and multiplier are used some type of noise reducing calculations.

Labels contain direction of signal LE means long entry and SE - short entry. Also they contain price of signal pivot point.

Data window contains output of calculated buffers of baselines and main trade signal buffer. Thus, it allows to incorporate it with expert advisor, say as entry signal, stop loss definition or supposed take profit goals.

Profitable trading!

Regards, Fyodor.

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