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i4_pivot_v1 - Indicator for MetaTrader 4

i4_pivot_v1
TypeIndicators PlatformMT4 Version10 Date created 4 May 2015 Date updated 7 August 2017
Formatmq4 Size4Kb Downloads148 Rating
3.4 of 5
based on 77 rates

The indicator is used to work with the MT4 trading platform. It shows significant levels of resistance and support on the chart comparing daily prices. It allows traders to identify certain patterns in the movement of financial instruments and predict their future dynamics. Calculation of the i4_pivot_v1 is based on the average prices of opening and closing as well as the maximum and minimum for the day.

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