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BeST Classic Pivot Points

BeST_ Classic Pivot Points is an MT4 Indicator that is based on the widely known and definitely classic Pivot Point of a market prices activity.
A pivot point is calculated as an average of significant prices (high,low,close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish.

A pivot point and the associated support and resistance levels are often turning points for the direction of price movement in a market.

In an up-trending market, the pivot point and the resistance levels may represent a ceiling level in price above which the uptrend is no longer sustainable and a reversal may occur.In a declining market, a pivot point and the support levels may represent a low price level of stability or a resistance to further decline ( Wikipedia).


The calculation for a PP and its associated S & R levels is shown below:
  • Pivot point (PP) = (High + Low + Close)/3
  • First resistance (R1) = (2 x PP) – Low
  • First support (S1) = (2 x PP) – High
  • Second resistance (R2) = PP + (High – Low)
  • Second support (S2) = PP – (High – Low)
  • Third resistance (R3) = High + 2(PP – Low)
  • Third support (S3) = Low – 2(High – PP)

Trading with pivot points is the ultimate support and resistance strategy.It takes away the subjectivity involved with manually plotting S and R levels.


Input Parameters


Basic Settings
  • Select Current Day's Rectangle Color – for selecting the color of the Rectangle that includes all the bars of the current day
  • Select Current Day's Vertical Line Color - for selecting the color of the Vertical Line that specifies the starting moment of the current day
  • Show Sunday Trading Hours – true if on our Chart there are trading bars on some hour of Sunday and false otherwise
  • Sunday Trading Start Time – for making input the exact time that trading starts on 

Pivots Settings

For selecting the color, style and size of drawn lines and text.

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5 (3)
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5 (7)
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BeST_IFT of Oscillators Collection is a Composite MT4/5 Indicator   that is based on the IFT ( Inverse Fisher Transformation ) applied to RSI , CCI , Stochastic and DeMarker Oscillators in order to find the best Entry and Exit points while using these Oscillators in our trading. The IFT was first used by John Ehlers to help clearly define the trigger points while using for this any common Oscillator ( TASC – May 2004 ). All Buy and Sell Signals are derived by the Indicator’s crossings of the Bu
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BeST_Breakout Strategy is a Metatrader Indicator based on a proprietary algorithm implementing a very powerful tool that can exploit every breakout leading to huge market movements. It timely locates the most likely points for Entering the Market as well as the most suitable Exit points and can be used successfully as a standalone Trading System which often results in huge profits accompanied by very impressive statistics like Success Ratio and Profit Factor.  The BeST_Breakout Strategy is a
BeST_Keltner Channels Strategies  EA   is an MT4  Expert Advisor that is based on the method developed by Chester W. Keltner described in book “How To Make Money in Commodities” that  Keltner called it the ten-day moving average trading rule. Originally Keltner Channels uses for Central Line a 10-bars SMA of Typical Price and  the 10-bars Average Range (High - Low) with a multiplication factor of 1 for constructing the Boundary Bands. Later several known traders and authors have published modif
BeST_RevEngEMARSI Strategy is an MT4 Indicator that is based on the indicator RevEngEMARSI by Giorgos Siligardos that was presented in his article " Reverse Engineering RSI (II) " ( TASC_Aug 2003 ) as a new variation of his inverse-RSI indicator and which transforms the Exponential moving average of RSI into a curve in the price graph, simplifying the price projection method and improving its visual representation. BeST_RevEngEMARSI Strategy while implementing the crossings with its Moving Aver
BeST_ADX Scalping Strategy is an MT4 Strategy of an Entry and Exit Signals Indicator based on the ADX values that is an excellent tool for scalpers to scalp the currency market multiple times a day for profit . It is built mainly for scalping purposes although it can also be used as a breakout indicator . Its Signals produce a complete and standalone trading system of impressive results . The indicator comes with a new enhanced Real Time Updated Info and Statistics Panel that can improve its ove
BeST_RMO Indicator Strategies is an MT4 Indicator that is based on the corresponding famous Oscillator created by Rahul Mohindar that detects trends in all markets and it can produce Buy and Sell Signals of high winning probability forming a complete and standalone trading system of impressive results. The indicator uses 2 strategies as a selection: i) Classic : produces Reversed Entry Signals by the crossings of zero (0) line  and ii) MAsSignals : produces Reversed Entry Signals using MAs of RM
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sunnychow
9051
sunnychow 2025.01.23 13:59 
 

El usuario no ha dejado ningún comentario para su valoración

merky16
274
merky16 2022.11.10 22:19 
 

Hola, muy buen producto para mi, me gusta que este el precio en cada linea, lo estoy usando a diario con buenos resultados. Muchas gracias por su labor.

Eleni Koulocheri
30620
Respuesta del desarrollador Eleni Koulocheri 2022.11.11 05:24
I am glad that you like this particular product, but especially because it helps you get good results in trading.
Also thank you for your kind words,
Have you always a good and successful trading. BeST Regards Eleni
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