MT Daily Pivots indicator lets you see the market pivot points clearly using a proprietary statistical range and Fibonacci formula - which also allows you to chose from a choice of pivot point starting places, from the standard, open, prior close and others.
Also using a statistical % evaluation of the market range the pivot points can also be adjusted to show a % zone of where the market will test and reverse or break. All configurable in the options.
In the scenario currently we maintaining support long at the Pivot Point zone - after a retracement from R1
So really this has a slight bullish bias - but could pivot short... to test s1 and s2 areas. So currently bullish but not strong... however a break of R1 could easily push to R2.
Works in any intraday time frame on any market
Also using a statistical % evaluation of the market range the pivot points can also be adjusted to show a % zone of where the market will test and reverse or break. All configurable in the options.
In the scenario currently we maintaining support long at the Pivot Point zone - after a retracement from R1
So really this has a slight bullish bias - but could pivot short... to test s1 and s2 areas. So currently bullish but not strong... however a break of R1 could easily push to R2.
Works in any intraday time frame on any market
