Newcomers to the forex market often experiment with new techniques and methods to generate profits a
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Magic Pivot is a professional indicator for finding support and resistance lines, developed by a group of professional traders.
The indicator builds three support lines and three resistance lines, from which a reversal is likely to occur.
Magic Pivot is a great tool for scalping and intraday trading.
- High signal accuracy.
- Suitable for scalping and intraday trading.
- The indicator does not redraw.
- Simple indicator setup, minimum settings.
- It works on any financial instruments and markets.
- LINE_STYLE – type of lines (solid, dashed, dotted, dashed, dashed with double dots).
- Width – the thickness of the indicator lines.
- R1 is the color of the first resistance.
- R2 is the color of the second resistance.
- R3 is the color of the third resistance.
- S1 is the color of the first support.
- S2 is the color of the second support.
- S3 is the color of the third support.
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