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

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

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

Pivot Points Indices Indicator provides a quick method for stock indices traders to analyze the general indices market trend and analyze how the stock indices 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 Indices Indicator is updated.

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

Resistance 3

Resistance 2

Resistance 1

Swing Trading Pivot Point Technical Analysis

Support 1

Support 2

Support 3

Pivot Points Technical Indices Indicator

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

Pivot Points Indices Indicator Trend Identification

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

• Buy indices signal - bullish indices trend - stock indices price is above the central pivot point
• Sell indices signal - bearish indices trend - stock indices price is below the central pivot point

Pivot Points Indices Indicator Price Breakout Signals

Indices price breakout signals are generated as follows

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

Pivot Points Indices Indicator Price Breakout

Pivot Points Indices Indicator Price Reversal Indices Trading Signal

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

Buy indices signal - when stock indices 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 indices 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.

Pivot Points Indices Indicator Price Reversal Indices Trading Signal

Setting Stop loss and Take Profit Indices Order Levels

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

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

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

To download Swing Trading Indices Pivot Points Indices Indicator: https://c.mql5.com/21/9/pro4x_pivot_lines.mq4 Once you download the Pivot Points Technical Stock Indices Indicator - open the indicator with MQL4 Language Editor, Then Compile Pivot Points Indices Indicator by pressing the Compile Button and Pivot Points Indices Indicator will be added to your MetaTrader 4 platform. NB: Once you add Pivot Points Indices Indicator to your MetaTrader 4, the indicator has additional lines named Mid Points, to remove these additional Pivot Points 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 Indices Indicator will then appear as exactly shown on this website.