Trade Stock Indices

Learn Stock Indices Trading

Indices Trading Pivot Points Indices Technical Analysis and Indices Trading Pivot Points Indices Trading Signals

Pivot Points Stock Indexes Indicator consists of a central indices pivot point which is surrounded by 3 resistance levels above and 3 support levels below the center pivot point.


Pivot Points Stock Indexes Indicator is considered to be leading indicator.


Pivot Points Indices Indicator provides a quick method for stock indexes traders to analyze the general indices trend and analyze how the stock indexes trading market is going to be moving during the day. A few calculations are used to draw the resistance and support levels for the pivot point indicator.


To calculate these support and resistance levels for the coming trading day - the previous day's


  • high,

  • low, and

  • closing indices prices are used

The indices trading day closes at 5:00PM EST and this daily closing time is when the Pivot Points Stock Indexes Indicator is updated.


The 24-hour cycle for this Pivot Points Indices Indicator are calculated using a complex formula - the central indices pivot point is then used to calculate the support and resistance levels as follows:


Resistance Level 3

Resistance Level 2

Resistance Level 1


Indices Trading Pivot Point Technical Analysis


Support Level 1

Support Level 2

Support Level 3


Indices Indicator Settings



Pivot Points Indices Indicator


Pivot Points Indices Indicator can be used in different methods to generate stock indexes trading signals. The following strategies are the most commonly used technical analysis strategies:


Pivot Points Indices Indicator Trend Identification

The central indices pivot point is used by stock indexes traders to determine the indices trend direction. The stock indexes trades opened by traders will only be in the direction of this stock indexes trend.


  • Buy indices signal - bullish indices trend - stock indexes price is above the central indices pivot point

  • Sell indices signal - bearish indices trend - stock indexes price is below the central indices pivot point


Pivot Points Indices Indicator Indices Price Breakout Signals

Indices price breakout signals are generated as follows


  • Buy indices signal is generated when the stock indexes price breaks upwards through the central indices pivot point.

  • Sell indices signal is generated when the stock indexes price breaks downwards through the central indices pivot point.


Indices Trading Pivot Points Indices Indicator Analysis

Pivot Points Indices Indicator Indices Price Breakout


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Pivot Points Indices Indicator Indices Price Reversal Indices Trading Signal

Pivot Points Indices Indicator Trading Indices Price reversal stock indices signals are generated as follows


Buy indices signal - when stock indexes price moves down towards one of the pivot points support level, then touches the support levels or moves slightly through this support level then quickly reverses and moves upwards.

Sell indices signal - when stock indexes price moves up towards one of the pivot points resistance level, then touches the resistance level or moves slightly through this resistance level then quickly reverses and moves downwards.


Best Stock Indexes Indicators for Indices Trading

Pivot Points Indices Indicator Indices Price Reversal Indices Trading Signal


Setting Stop loss and Take Profit Indices Trading Order Levels

The central indices pivot point and the other support levels and resistance levels of this pivot points indicator are used by stock indexes traders to determine suitable indices stop loss setting levels and indices take profit levels.

Indices Trading Pivot Levels

Setting Indices Stop Loss Trading Order Levels and Setting Take Profit Indices Trading Order Levels



If a buy order is placed above the central indices pivot point the Resistance Level 1 or Resistance Level 2 can be used to set the take profit level, and the Support Level 1 can be used to set the Stop Loss Indices Trading Order Level for the indices trade.


To download Trading Indices Pivot Points MetaTrader 4 Stock Indexes Indicator:

https://c.mql5.com/21/9/pro4x_pivot_lines.mq4

Once you download the Pivot Points Stock Indexes Indicator - open the indicator with MQL4 Language Editor, Then Compile Pivot Points MetaTrader 4 Indices Indicator by pressing the Compile Button and Pivot Points MetaTrader 4 Indices Indicator will be added to your MetaTrader 4 stock indexes trading platform.

NB: Once you add Pivot Points MetaTrader 4 Indices Indicator to your MetaTrader 4, the indicator has additional lines named Mid Points, to remove these additional Pivot Points MetaTrader 4 Indices Indicator lines open MQL4 Language Editor(shortcut keyboard key - press F4), and change line 16 from:

extern bool midpivots = true;

to

extern bool midpivots = false;

Then Press Compile again, and Pivot Points MetaTrader 4 Indices Indicator will then appear as exactly shown on this learn indices trading website.

 

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