Introduction to the Multi Pair Pivot Point Scanner Alerts Indicator
The Multi Pair Pivot Point Scanner Alerts Indicator is a helpful forex indicator that scans multiple symbols looking for when the price crosses a pivot point or when near pivot, or bounce off pivot then it alerts the trader. The indicator is highly customizable, in the settings tab you will a lot of options. For example, you can choose pivot formula among: Standard Pivot Formula, Fibonacci Pivot Formula, Camarilla Pivot Formula, Woodie Pivot Formula. Forex traders utilizing pivot points trading will find that tool very handy, as it gives alerts when a signal is generated. Of course, you can use that in conjunction with other forex technical analysis indicators.
The Multi Pair Pivot Point Scanner Alerts Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart (on the left side). The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Multi Pair Pivot Point Scanner Alerts indicator in MT4?
Download the Multi Pair Pivot Point Scanner Alerts.rar archive at the bottom of this post, unpack it, then copy and paste the Multi Pair Pivot Point Scanner Alerts.ex4 or Multi Pair Pivot Point Scanner Alerts.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Multi Pair Pivot Point Scanner Alerts indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Multi Pair Pivot Point Scanner Alerts Indicator Free Download
To download the Multi Pair Pivot Point Scanner Alerts Indicator for Metatrader 4 (MT4) for free just click the button below: