Forex Technical Indicators

Download Free Forex Technical Indicators.
Technical Indicators are used by most traders to help them predict market movement by evaluating past price action.
Some other indicators may simply help traders by providing charting visual aids.

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Pivot - Download

Platform: Meta Trader 4

Automatically calculates and plot pivot lines.

Pivot Points are calculated using the following formula.

Pivot point = (High + Low + Close) / 3
First support (S1) = (2*Pivot Point) - High
Second support (S2) = Pivot Point - (High - Low)
First resistance (R1) = (2*Pivot Point) - Low
Second resistance (R2) = Pivot Point + (High - Low)

Installation Guide

Close your Meta Trader 4 platform
Download the file into your PC
Unzip the file using any file compression program such as winzip, winrar, or ALZip(free).
Move or copy the file into "experts/indicators/" of your Meta Trader folder.
Run your Meta Trader 4 Software
Choose the "Insert" tab, "Indicators", then "Custom" from the drop down menu.
Your new indicator should be available from the list.

Pivot screen shot