Yearly (Quarterly)_Price_Alert_Zone – the Area in POINTS (not pips), when the BID price enters this area, an alert will be sent.Show_Yearly (Quarterly)_Pivots – show the lines of the annual (quarterly) reversal levels on the screen, true/false.Yearly Pivots / Quarterly Pivots – Annual / Quarterly Pivot Levels It calculates the R3/S3 levels and automatically updates them at the beginning of a new year or quarter. This indicator calculates the annual and quarterly pivot points using the classical formula, since it is the most commonly used and, in my opinion, the most accurate formula. To trade at these levels, it is recommended to use price action, signal matching, divergence, or other techniques. I warn you, this is NOT an indicator for daily trading. They offer a much better profit – to-risk ratio, a much better understanding of market bias, and clear, objective goals at distances of hundreds of pips. There are several articles on this topic, but after reading them and trading at these levels, there is interest in them. they’re well suited for an assortment of short-term transactions, although, given the volatility in the foreign exchange market, dealers can easily be pumped from quite solid positions which could become lucrative.Īfter much study into the idea of pivot points, I came across the idea of using quarterly and annual levels. the majority of the pivot point signs are based on the timeframes built to the MT4 terminal (daily, weekly, and monthly).
Pivot Points are a mandatory instrument in the arsenal of many dealers, they’re used as potential resistance and support levels.
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