Swing Pivot Points Technical Analysis Signals

Pivot Point Indicator consists of a central pivot which is surrounded by 3 resistance levels above and Three support levels below the center pivot.

Pivot Point Indicator is regarded to be leading trading indicator.

Pivot Point Indicator provides a quick method for traders to analyze the general market trend and analyze how the market is going to be moving during the day. A few calculations are used to plot the resistance and support zones for the pivot point.

To calculate these support & resistance levels for coming day - the previous day's

high,
low, and
closing prices are used

The trading day closes at 5:00PM EST and this daily closing time is when Pivot Points Indicator is updated.

The 24 hour cycle for this Pivot Points Indicator are calculated using a complex formula - the central pivot is then used to calculate the support & resistance levels as follows:

Resistance 3

Resistance 2

Resistance 1

Swing Pivot Points Analysis

Support 1

Support 2

Support 3

Swing Pivot Points Indicator - Swing Indicator Settings - Swing Pivot Points Technical Analysis

Pivot Point Indicator - Analysis

Pivot Point Indicator can be used in different strategies to generate signals. Following strategies are the most oftenly used trading analysis strategies:

Pivot Points Indicator Trend Identification

The central pivot point is used by traders to determine the trend direction. The trades opened by traders will be only in the direction signal of the trend.

Buy signal - bullish trend - price is above the center pivot point
Sell signal - bearish trend - price is below the center pivot point

Pivot Point Indicator Price Breakout Signals

Price breakout signals are generated as follows

Buy signal is generated when the price breaks upward through the center pivot point.
Sell signal is generated when the price breaks-out down ward through the central pivot point.

Price Breakout above Swing Pivot Points Indicator - Swing Pivot Points Technical Analysis

Pivot Points Indicator Price Break-out

Pivot Point Indicator Price Reversal Signal

Pivot Point Indicator Price reversal setups are generated as follows

Buy trade signal - when the price moves downwards towards one of the pivot points indicator support level, then touches the support zones or moves slightly through this support area then quickly reverses and moves upwards.

Sell trade signal - when the price moving up towards one of the pivot point resistance level, then touches resistance level or moves slightly through this resistance area then quickly reverses and moves downward.

Price Reversal Signal Swing Pivot Points Trading- Best Technical Indicators for Swing Trading

Pivot Points Indicator Price Reversal Signal

Placing Stoploss & Take Profit Levels

The central pivot-point and the other support levels & resistance levels of this pivot points indicator are used by traders to determine suitable stop loss setting levels and take profit areas.

Swing Pivot Levels - Swing Pivot Points Best Indicator Analysis PDF

Setting StopLoss Levels and Setting Take-Profit Levels

If a buy order is placed above the central pivot point the Resistance 1 or Resistance 2 can be used to set the take profit level, and the Support 1 can be used to set the Stop Loss Level for the trade position.

To download Swing Trading Pivot Points Indicator: https://c.mql5.com/21/9/pro4x_pivot_lines.mq4 Once you download the Pivot Point Indicator - open the technical indicator with MQL4 Language Editor, Then Compile Pivot Points Indicator by pressing Compile Button & Pivot Points Indicator will be added to your MetaTrader 4 software. NB: Once you add Pivot Point Indicator to your MT4, the technical indicator has additional lines named Mid Points, to remove these additional Pivot Point Indicator lines open MQL4 Language Editor(short cut key-board key - press F4), & change line 16 from: extern bool midpivots = true: to extern bool midpivots = false: Then Press Compile again, & Pivot Points Indicator will then appear as precisely shown on this website.

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