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Hourly Pivot Points

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In the financial markets, pivot points are important zones that can be used to perform technical analysis and determine possible price movements. They can act as support or resistance zones to help price movements reverse or continue. The pivot zones are calculated using the previous trading session’s high, low, and opening, closing, and closing prices.

Hourly Pivot Points for MT4 is a tool of technical analysis that calculates pivots based on the H1 timeframe. This indicator is one of the best indicators to identify key levels for scalpers or day traders. It can be used to determine where the price could bounce and revert, or breakout and continue.

The Hourly Pivot Points Indicator for Metatrader 4 has many features.

The indicator calculates pivots in real-time based on hourly data. This provides traders with support and resistance zones that may be present as the trend advances. The indicator labels support and resistance levels as S1, 2, and 3, and then R1, 2, and 3. This allows scalpers and day traders to identify short-term trading opportunities.

Hourly Pivot Points

The indicator is a powerful tool that can be used to measure the effectiveness of your business.

  • Automatically Identifies Important Price Levels The indicator automatically plots hourly pivot zones, allowing traders to quickly identify potential resistance and support zones.
  • Intraday trading opportunities: Hourly pivot points highlighted in the indicator help scalpers and day-traders identify optimal zones for trading.