Multi Forex Pair Pivot Point Scanner Metatrader 4 Forex Indicator

The Multi Forex Pair Pivot Point Scanner sends out an alert when a forex pair crosses above or below the pivot point.

It scans for pivot points on the following timeframes: daily, weekly and monthly.

Alerts can be enabled or disabled.

Choose from the following Pivot Point types:

  • Standard
  • Fibonacci
  • Woodie
  • Camarilla

Pivot Point Signals

Price is said to be bullish above the Pivot Point. Traders look for buy opportunities above the Pivot Point.

Price is said to be bearish below the Pivot Point. Traders look for sell trade opportunities below the Pivot Point.

It’s not recommended to use Pivot Points as a standalone buy/sell indicator. Instead use it together with other technical indicators or price action techniques.

Free Download

Download the Multi Pair Pivot Point Scanner Alerts.mq4” MT4 indicator

Example Chart

The image below displays the Multi Forex Pair Pivot Point Scanner Metatrader 4 indicator inputs & alerts.

Basic Trading Signals

Signals from the Multi Forex Pair Pivot Point Scanner MT4 indicator are easy to interpret and goes as follows:

Buy Signal: Open buy trade above the Pivot Point. Confirm the buy trade with other technical indicators or use in conjunction with price action patterns.

Sell Signal: Open sell trade below the Pivot Point. Confirm the sell trade with other technical indicators or use in conjunction with price action patterns.

Trade Exit : Use your own method of trade exit.

Download

Download the Multi Pair Pivot Point Scanner Alerts.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (pivot point type, daily cross alerts, weekly cross alerts, monthly cross alerts) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: pivot point scanner

Installation

Copy and paste the Multi Pair Pivot Point Scanner Alerts.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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