i4_pivot_v1 - Indicator for MetaTrader 4

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.