June 15, 2024

Auto Pivot Point Indicator

The Auto Pivot Point Indicator is an indicator which is used to draw pivot signals on daily, weekly and monthly basis. It is a very important indicator for those traders who like/ prefer to trade with pivot levels of the market trend.

AUTO PIVOT INDICATOR

It plots automatically the specific levels for pivot point’s very easily the auto pivot is used to update pivot point, resistance levels, and support automatically. If the price bar is above the pivot point then the price is positive. If the price bar is below the pivot point then the price is negative. Auto Pivot Point Indicator is free of cost and it can be downloaded without registration.

As I said above that it update resistance level and support automatically. Therefore traders wait for the price to reach near the resistance or support level before entering the trade. Auto Pivot Point Indicator is simple and clean. It gives a clean pivot point that is shown clearly.

You can change resistance level to red colour, support level to green colour and pivot point to blue colour. You can also use any colour for these three points so that you can understand it clearly. You can also change the level colours so that you can easily identify which level is up and which one is down.

EXPLANATION OF AUTO PIVOT INDICATOR:

The auto pivot point is the best pivot indicator. This indicator is very helpful because it shows the historical background of the price that any other pivot indicator does not show. Historical background means it shows the ups and downs of Yesterday, a week ago, and a month ago.

It can differentiate between different day’s trends with the help of this pivot indicator you can make a healthy profit. For calculation, it uses data like High (H), Low (L), and Close (C). This data is taken from the previous day, week, and month’s trade.

This indicator also tells which time is best to buy entry and exit and which time is best for sell entry and exit. Calculation formulas for the pivot point, resistance (r1, r2, r3, r4) and support (S1, S2, S3, S4).

PP = (H + L + C) / 3
R1 = (2 * PP) – L
R2 = PP + RANGE
R3 = PP + RANGE * 2
R4 = PP + RANGE * 3
S1 = (2 * PP) – H
S2 = PP – RANGE
S3 = PP – RANGE * 2
S4 = PP – RANGE * 3

There are some rules for buy entry and exit. The rules are given below:

1. When the candlestick pattern is moving above the pivot point then it is the time for a buy entry.
2. When the candlestick pattern is above the pivot point and a blue line appears below the candlestick pattern then it is the time to hit buy option and buy any currency pair available at that time.
3. When the candlestick pattern starts moving below the pivot point then it is the time for exit-entry and stops loss.

RULES FOR SELL ENTRY AND EXIT:

There are also some rules for sell entry and exit that are given below:

1. When the candlestick pattern is moving below the pivot point then it is the time for sell entry.
2. When the candlestick pattern is below the pivot point and red line appears above the candlestick pattern then it is the time to hit sell option and sell any currency pair available at that time.
3. When the candlestick pattern starts moving above the pivot point then it is the time for exit sell and takes the profit.

USES FOR AUTO PIVOT INDICATOR

The auto pivot indicator has too many uses. It can be used to indicate the pivot points in the trade. It is also used to understand the resistance level and support levels in the indicator.

Auto Pivot Point Indicator is very helpful because it also provides historical background. We can differentiate between different day’s trades. Auto Pivot Point Indicator is very helpful for daily trade.