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TzPivots Indicator

The TzPivots indicator displays the pivot points and support and resistance lines for the intraday trading. It calculates them by its own formula based on the previous price points. You can use the resulting lines as entry and exit points.

How to trade the indicator:

The central pivot line bears a very high chance of reversal. The support and resistance lines become less strong the farther they are from the central pivot line. The weaker the line is the easier it is to break.

This is a MetaTrader 5 (MT5) indicator and works with all currency pairs and all timeframes. Once you download and install the indicator, it will appear in your trading chart, like the image shown above.

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