Dyn Pivot Forex Indicator is a forex trading indicator is a very unique indicator. Highly accurate, it showed very impressive results. This indicator works best on 30 minute time frame. It is best used to catch the swing of the market whether upswing or downswing. While using this indicator, you may not be riding the whole trend but you will be catching the swings that you see on 30-minute chart. It takes lot of discipline because you will have to wait for a good amount of time before making any positions.
When you install Dyn Pivot indicator in your trading platform, your chart should look like this:
Dyn indicator consists of blue and red lines that move above and below the market price respectively. In a way these zig-zags work as a channel. The upper zigzag line which is blue works as a resistance and the lower zigzag works as a support.
Buying Conditions Using Dyn Pivot Indicator.
Market should be up trending (better if it’s up trending).
Market should be bouncing from the recent low.
Market price should touch the red zigzag of the Dyn Pivot Indicator.
Place your long position as soon as above conditions are met.
Place your stop loss just below the recent swing low.
Take your profit when the market price touches the upper blue zigzag.
Selling Conditions Using Dyn Pivot Indicator.
Market should be down trending (better if it’s down trending).
Market should be pulling back from the recent high.
Market price should touch the blue zigzag of the Dyn Pivot Indicator.
Place your short position as soon as above conditions are met.
Place your stop loss just above the recent swing high.
Take your profit when the market price touches the lower red
Forex Indicators Download – Instructions
Dyn Pivot Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Dyn Pivot Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install Dyn Pivot Forex Indicator.mq4?
- Download Dyn Pivot Forex Indicator.mq4
- Copy Dyn Pivot Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Dyn Pivot Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Dyn Pivot Forex Indicator.mq4 is available on your Chart
How to remove Dyn Pivot Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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