Hey fellow traders! Today, I want to share my experience with the PremiumPivot indicator for MetaTrader 4. Now, I’m no programming whiz, but with a bit of help from some great folks on the forums, I’ve made quite a few tweaks to enhance its performance.
This nifty indicator plots Pivot levels for three different time frames, each with its own settings. Imagine having daily, weekly, and monthly pivots all laid out on your chart—pretty handy, right?
The main indicator can be found here.
Let’s dive into some of the key parameters:
- Refresh Period: This helps reduce CPU usage by recalculating at your chosen interval.
- Three separate pivots, each customizable for different periods.
- Adjustable styles for Pivot and Support/Resistance (S/R) lines.
- Customizable width for the Pivot and S/R lines.
- Choose your colors for the Pivot and S/R lines.
- Toggle the display of S/R lines and labels on/off.
- Toggle the display of Pivot lines and labels on/off.
Important: Before you start using this indicator, make sure to check the colors for each pivot. Feel free to adjust them if they need a little tweaking!
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