V VR Pivot is an indicator of the key pivot points of pivots (pivot).
Pivot points are a special type of support and resistance levels that are used to determine the strongest price zones. Professional traders use pivot levels to determine prices at which there is a high probability of a price reversal. The levels are calculated using special mathematical formulas, which include the closing, opening, high, and low prices of the previous time period. The most effective is the daily period. It is important to note that at first glance it may seem that there is nothing special about these levels, but if you analyze the price movement using pivot levels, you can clearly see that in most cases these levels show good, accurate results.
?Settings and help in the @telegram group ?News from the @telegram developer
?Settings and help in the @telegram group ?News from the @telegram developer
Pivot levels can be used not only as pivot points, but also as levels where you can use Take Profit as efficiently as possible to maximize profit, Stop Loss to minimize losses as much as possible, and transfer positions to a no-loss zone to reduce risks.
?Try the Demo version Only Works on a pair of AUDCAD?
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?Try the Demo version Only Works on a pair of AUDCAD?
- The indicator supports the calculation of several formulas:
- Classic Pivot – the classic formula for turning points
- DeMark Pivot-DeMark formula
- Woodie Pivot-Woody’s Formula
- Camarilla Pivot-Camarilla Formula
- Fibonacci Pivot-The Fibonacci Formula
- The program is implemented as an indicator and can work together with your Expert Advisors and other indicators
- It is possible to analyze historical data
- The program is written so that it displays information for the period set by the user and does not clutter the chart with historical data.
- The indicator can calculate losses for any financial instruments (Forex, Crypto, CFD, Futures, Metals)
- The trader can choose any time frames for the calculation
- The indicator has a large number of settings that allows you to customize it in any style
- Classic Pivot – the classic formula for turning points
- DeMark Pivot-DeMark formula
- Woodie Pivot-Woody’s Formula
- Camarilla Pivot-Camarilla Formula
- Fibonacci Pivot-The Fibonacci Formula
After you drag the indicator from the navigator to the chart, you will see a settings window where you can select the calculation formula and adjust the colors of the levels. After clicking on the ” Ok ” button, the chart will display horizontal levels and one vertical level. Using the vertical level, the trader can move the starting point of the calculations. Use the vertical level to explore the story. To calculate new key levels, move the vertical level to the current period.
- Main settings – main indicator settings
- Type Pivot – type of pivots
- Classic Pivot – the classic formula for turning points
- DeMark Pivot-DeMark formula
- Woodie Pivot-Woody’s Formula
- Camarilla Pivot-Camarilla Formula
- Fibonacci Pivot-The Fibonacci Formula
- Length of lines – the length in bars of horizontal levels
- Show Price-display prices on levels
- Time Frame – The period for calculating the levels, must be greater than the period for which the indicator is set
- Prefix-prefix for indicator objects
- Color settings – indicator color settings
- Classic Pivot – the classic formula for turning points
- DeMark Pivot-DeMark formula
- Woodie Pivot-Woody’s Formula
- Camarilla Pivot-Camarilla Formula
- Fibonacci Pivot-The Fibonacci Formula
- Full version of VR Pivot
- Demo version of VR Pivot Demo
Versions for MetaTrader 4
- Full version of VR Pivot
- Demo version of VR Pivot Demo
- Full version of VR Pivot
- Demo version of VR Pivot Demo
- Full version of VR Pivot
- Demo version of VR Pivot Demo
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