Mastering Dynamic Pivot Points: Your Go-To Indicator for MetaTrader 4

Supported Timeframes:

• Current
• M1
• M5
• M15
• M30
• H1
• H4
• Daily
• Weekly
• Monthly

Formula Breakdown:

Here’s how we calculate the levels:

• Resistance 3: High + 2 * (Pivot - Low)
• Resistance 2: Pivot + (R1 - S1)
• Resistance 1: 2 * Pivot - Low
• Pivot Point: (High + Close + Low) / 3
• Support 1: 2 * Pivot - High
• Support 2: Pivot - (R1 - S1)
• Support 3: Low - 2 * (High - Pivot)

Understanding these calculations can significantly enhance your trading strategy in MetaTrader 4. By keeping an eye on these dynamic pivot points, you can make more informed decisions about your trades.