This is a variation of a well known pivot indicator
Instead of showing pivot lines on main chart the indicator is showing pivot lines in a separate window and it shows average price position relative to those pivot lines. That way you can clearly see how the averaged price moved during the day compared to pivot lines. If you use average period less than or equal to 1, then it is effectively using price and not average and then it is pivot oscillator of a “raw” price instead of average
All Pivot Points MT5 - indicator MetaTrader 5 An indicator for drawing all important Pivot Points including: "Classic", "Camarilla", "Woodie", "Floor", "Fibonacci", "Fibonacci_Retracement". You can choose different timeframes…
Identify potential Trends/Range (Pivot Points) +… INTRODUCTION: The story behind this indicator is really interesting. I've published last week a script called "Identify potential Trends/Range (Pivot…
Multi Pair Pivot Point Scanner Alerts 2.8 -… MT4 Version- https://www.mql5.com/en/code/23720 Scans multiple symbols looking for when the price crosses a pivot point or when xxPoints Near or…
Volatility Pivot - indicator MetaTrader 5 Volatility Pivot indicator calculates "pivots" (support/resistance lines) based on current symbol/timeframe Average True Range calculated volatility. Volatility Pivot - indicator…
Pivot Points - indicator MetaTrader 5 Pivot point indicator with an addition of 4 ways of calculating pivot points : (Previous High +Previous Low + Previous…
