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    cTrader Pivot Points Pro


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    You can use the cTrader Pivot Points Pro indicator to find a good pullback entry in a trend, you can find the pullback and retest in the pivot points, and this is a potential opportunity for helping you enter or exit trades.
    Type: cTrader Indicator
    Current version: 1.0.0
    Requires: Windows 10
    Published: 07 June 2021
    Page last updated: 09 June 2021

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    £14.99

     

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    A pivot point is a technical analysis indicator that is used to determine the overall trend of the market using different time frames and it plays the role of identifying support and resistance levels. The most popular timeframe for a pivot point indicator is daily.

     

    How to Adjust the Indicator

    You can easily turn off the support and resistance levels 1,2 and 3 so you can just see the main pivot point, this is dome in the setting Show R/S. The term R/S means resistance and support levels.

     

    cTrader Pivot Point Indicator

     

    Pivot Point Formulas Available

    There are a few options for the calculations on where the support and resistance levels are shown, this indicator allows the choice of 3.

    • Standard (Classical)
    • Fibonacci
    • Woodie

     

    Multi-Timeframe Options

    The indicator also has the option to show different timeframe pivot points on your chart which may be showing a different timeframe, the available timeframes are as follows:

    • Current chart timeframe
    • 1-hour
    • 4-hour
    • Daily
    • Weekly
    • Monthly

     

    How to Trade With Indicator

    An example of how to trade with this indicator is shown below:

    1. Entry 1: reject by R1 level and there is an engulfing candle
    2. Entry 2: break out the pivot point and retest again
    3. Take Profit: reach the S2 level and this is also the bottom of the range

     

    cTrader Pivot Point Example

     

    How To Install

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.

     

    Instant Chat Support

    If you want a speedy reply to your questions just post your questions on our Telegram chat group.