If you're looking to get a clearer picture of market movements, the Daily Pivot Points indicator is a must-have in your trading toolkit. Unlike other indicators that lag behind, this one gives you crucial insights based on the previous day's price action, helping you identify potential turning points for the day ahead.
What’s great about this version of the Daily Pivot Points indicator is its flexibility. You can apply it to any bar on your chart, allowing you to see how the market behaves in relation to these pivotal levels. This is particularly useful when you're analyzing your trading strategies offline.
Originally developed in MQL4 and shared on the Code Base at mql4.com back on December 23, 2005, this indicator has stood the test of time and remains a favorite among traders.
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