TzPivots Indicator - free download - forex trading strategies - expert for MetaTrader 4

 TzPivots MetaTrader indicator -

 should really be connected to the H1 or reduced schedule chart. This indicator will show the pivot points and support and opposition lines for the intraday trading
. It calculates them by its very own formula on the basis of the previous trading session. You are able to use the resulting lines as entry and exit points. The indicator also outputs all the info in to the MetaTrader global variables, that can be accessed by any expert advisor on the terminal. TzPivots is available for MT4 and MT5.

Input parameters:

    LocalTimeZone (standard = 0) — the timezone of your MT4 or MT5 server. For instance, in the event your server is in nyc you ought to set this parameter to -5.
    DestTimeZone (default = 0) — the timezone of this trading session you might be utilizing to trade in. As an example in the event that you trade in London set this parameter to 0.
    Other parameters — change the visual representation of the lines. Do not alter them.

If you're familiarized with all the pivot points and support and opposition lines making use of this indicator will be simple for you personally. The main pivot line bears a tremendously high chance of reversal. The help and resistance lines become less strong the farther they come from the central pivot line. The weaker the line is the simpler it's to split.