the Pivot Premium Indicator MT4 MetaTrader for scalp in Forex Free Download

Introduction to the Pivot Premium Indicator 📊

The Pivot Point indicator is one of the most effective tools in technical analysis, widely used by professional traders. The Pivot Premium indicator is an improved version of the main Pivot Point indicator, providing traders with a broader view of where price may change direction or break.

What is the Pivot Premium Indicator? 🔍

Click here to download and install the Pivot Premium  Indicator .

The Pivot Premium indicator is a modified version of the main Pivot Point indicator. The main Pivot Point indicator can be a daily, weekly, or monthly pivot point, each of which can be very useful. The Pivot Premium indicator improves upon the main Pivot Point by displaying all three types of pivot points—daily, weekly, and monthly—simultaneously.

This indicator draws lines to represent the pivot point levels. Maroon lines represent the daily pivot point, purple lines represent the weekly pivot point, and blue lines represent the monthly pivot point.

Note: This indicator draws several lines, including the main pivot point (PP), three support lines (S1, S2, and S3), and three resistance lines (R1, R2, and R3) for daily, weekly, and monthly pivots.

How Does the Pivot Premium Indicator Work? 🧮

Click here to download and install the Pivot Premium  Indicator .

The Pivot Premium indicator uses the same algorithm as the main Pivot Point indicator. However, it repeats the process for all three time frames. This allows the indicator to plot all pivot points based on daily, weekly, and monthly candles.

The formulas used by this indicator are as follows:

• Pivot Point (PP) = (High + Low + Close) / 3
• Resistance 1 (R1) = (Pivot Point × 2) – Low
• Resistance 2 (R2) = Pivot Point + (High – Low)
• Support 1 (S1) = (Pivot Point × 2) – High
• Support 2 (S2) = Pivot Point – (High – Low)

How to Use the Pivot Premium Indicator for MT4 📉

Click here to download and install the Pivot Premium  Indicator .

The Pivot Premium indicator has several options that can be adjusted in its settings.

• Refresh Period: Allows users to select the time interval for refreshing the indicator.
• Enable Pivot 1, Enable Pivot 2, and Enable Pivot 3: These options allow you to enable or disable the three different pivot points.
• Period: This option lets users choose the time frame for which the pivot point is calculated.
• Display Lines P: This option allows you to display or hide the pivot point lines.
• Display Lines S/R: This option allows you to display or hide the support and resistance lines.

All other options are visual settings that the user can adjust for customization.

Buy Signal Using Pivot Premium 📈

When to Enter a Buy Trade? 🛒

If the price movements show signs of trend reversal and move upwards, and the price touches or interacts with a support level (S1, S2, or S3) or the pivot point (PP), open a buy order.

When to Exit a Buy Trade? 🚪

Exit the buy trade as soon as the price reaches a higher pivot point level (R1, R2, or R3).

Sell Signal Using Pivot Premium 📉

Click here to download and install the Pivot Premium  Indicator .

When to Enter a Sell Trade? 💰

If the price movements indicate a trend reversal to the downside and the price touches or interacts with a resistance level (R1, R2, or R3) or the pivot point (PP), open a sell order.

When to Exit a Sell Trade? 🚫

Exit the sell trade as soon as the price reaches a lower pivot point level (S1, S2, or S3).

The Pivot Premium indicator is an excellent tool for identifying key pivot points. It provides traders with a larger view, allowing them to identify all potential price levels where the market may reverse based on the pivot points.