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FiveTT Pivot Lines

5TT Pivot Lines is a visual display of pivot lines. These are primarily support and resistance points with the 'Blue' Pivot Point.

Pivot points are useful for determining key levels for entry or exits (setting targets and stop loss levels).

Having these support & resistance lines visually displayed on the chart is very useful for intraday traders.

5TT Pivot Lines come with some user-friendly settings to decide if to display the lines or connectors on the chart

Settings

  • CandlesBack: This gives the user the ability to enter the numbers of candles on the chart to monitor. The default is 1000 candles
  • ShowSupResLines: This parameter can enable and disable the display of S1, S2, S3, R1, R2, & R3 lines. Perhaps a user wants to only display the Pivot Line. This is also possible by disabling the ShowSupResLines parameter
  • ShowConnectors: This option allows the user to display connector lines between different days for pivot line, resistance and support lines on the chart.


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PrecisionTradingSystems
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PTS - Divergence Buy Finder by Precision Trading Systems Precision Divergence Finder was designed to find market bottoms with pinpoint accuracy and frequently does so. In technical analysis, the art of picking bottoms is generally much easier than picking tops this item is designed precisely for this task. After a bullish divergence is identified then it is wise to wait for the trend to turn up before buying. You can use a 10 or 20 bar high to enter or a moving average 15-30 to be rising to id
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ERXGen Filter
Chima Nwokoro
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Without volatility, trading the financial market is close to impossible. Profit is made ONLY when the price is moving. The ERXGen (Early Riser Next Generation) system is a short-term trading technique built around the phenomenon that there are certain times during a trading day when the price volatility has the tendency to be high. In essence, ERXGen is based on the very popular London Open Breakout strategy, although with bespoke tried and tested rules that increase consistency and profitabilit
Currency Strength Index
Chima Nwokoro
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Want to know if to go long or short on any currency pair? 5TT Currency Strength Index is the answer! 5TT Currency Strength Index is a unique indicator for determining the short-term strength of any currency. Each currency strength is determined by an index of the currency with the strength of 7 other major currencies. The indicator is constantly monitoring price action across 28 currency pairs and 56 combinations; taking the following into consideration Price volatility. Short-term price range.
FiveTT Round Numbers
Chima Nwokoro
Indicators
Like Support and Resistance levels, Round Numbers refer to price levels ending in one or more zeros, such as 125.00, 1.0350, 0.8750, 74.50, etc. These are psychological levels where financial institutions and traders expect price to either stall, retrace or breakthrough. On a price chart these figures are generally considered to rule off levels at the 50 and 100 mark. 5TT Round Numbers Indicator makes it absolutely easy for the trader to identify these levels on the chart without the laborious a
FiveTT Gap Indicator
Chima Nwokoro
Indicators
In Forex trading, the Open price of a new period is usually the same as the close price of the preceding one. If a new period opens at a price significantly different (higher or lower), this gives way to a Gap scenario. This suggests an imbalance in the price action. Price tends to move during the new period to cover the gap created. This move presents consistent buying and selling opportunities; hence potential to make profit. There are two types of Gap scenarios 'Gap Up' - Open price of the ne
FiveTT Risk Management Tool
Chima Nwokoro
Indicators
Risk Management is one of the most critical elements of profitable trading. The 5TT Risk Management Tool is very effective at helping Forex traders calculate the lotsize to any trade; straight on the MT4 charts. The Tool will also display the actual Dollar value of the risk pre-selected. No indicator parameters required. All data input is done on the Tool displayed on the each chart on which the indicator is placed. FOllow the accompanying video here...
Five TT Round Numbers Indicator
Chima Nwokoro
Indicators
Like Support and Resistance levels, Round Numbers refer to price levels ending in one or more zeros, such as 125.00, 1.0350, 0.8750, 74.50, etc. These are psychological levels where financial institutions and traders expect price to either stall, retrace or breakthrough. On a price chart these figures are generally considered to rule off levels at the 50 and 100 mark. 5TT Round Numbers Indicator makes it absolutely easy for the trader to identify these levels on the chart without the laborious a
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Version 1.1 2021.11.19
Compiled with latest version of MQl4 software
Extended the indicator to display more than 5 days pivot lines