Indicators: Pivot_Points_Lines_v1.3 MT4

[Automated-Trading]

Pivot_Points_Lines_v1.3 MT4:

Draws Pivot Points Formulas

Author: NickBixy

[wuntimejd]

Hello what does TC and BC mean?

[Fuad Heydar]

First of all, thank you for this. Kindly share whether you have an option with button on the screen? THank you in advance.

[Vanskike Micheal]

wuntimejd #:
Hello what does TC and BC mean?

1. PP (Pivot Point):

   • This is the market's equilibrium point. If the price is above the PP, the market is considered bullish; if it is below the PP, the market is considered bearish.
   • Trading strategy: If the price is above the PP, consider going long; if it is below the PP, consider going short.

2. BC (Bottom Central):

   • This is a secondary support level where the market might find support and bounce back.
   • Trading strategy: If the price approaches the BC and bounces, consider going long.

3. TC (Top Central):

   • This is a secondary resistance level where the market might face resistance and pull back.
   • Trading strategy: If the price approaches the TC and pulls back, consider going short.