Universal Pivot Indicator

Universal Pivot MT4 Indicatoralready become popular and famous all Pivot-levels which give the trader support and resistance levels, which in turn serve as benchmarks for opening transactions and to take profits.

On the chart the indicator does not differ from other Pivot-levels, it's just support and resistance levels that are among the most essential tools of the trade in global financial markets. In this case, these levels are denoted by Latin letters «R» and «S» and each of these levels has its own number and color. The most extreme levels above and below have a distinctive color from the other levels because it plays a more important role in the trading system based on this indicator.

In addition, for greater convenience at the end of each level is labeled with the price at which this level is located. This property greatly simplifies and speeds up the calculations for the installation warrants, and the whole process of trade in general is accelerating, giving the best results when trading in small time periods.



To understand why Pivot-levels are so popular among traders and the trade in general, need to start to consider themselves support and resistance levels. If, for example, take the other methods of market analysis, for example, graphical analysis, we can see that in the figures and graphical analysis used lines, such as the breakdown of the upper or lower boundary of the triangle, which also can be drawn levels.

In mathematical analysis as it is possible to find examples of the use of an indicator, which can be reduced to the trade by level. A good example in this case, the indicator may be a well-known to all of Bill Williams called "Fractal" . As is well known that the indicator gives a buy signal when price breaks at a price level which indicates that the indicator in this case, there is also opportunity for a horizontal line at the level of a fractal, which in turn will be the level of support or resistance.

Such examples as the above can cause a lot simply because support and resistance levels are one of the foundations of technical analysis of the global financial markets. In some cases even the indicator Moving Average is called the dynamic line of support or resistance.

That is why the support and resistance lines, and Pivot-levels in particular are so popular and recommended by all the choice as a tool for trading in the Forex market.

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