EzyForex Trading: gPivot ResSup Indicator

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The G-Pivot indicator for Mt4 is a forex indicator that finds and plots key pivot points, points that show the balance of supply and demand at a given time.

These levels represent dynamic support and resistance, where the price of an asset is likely to reverse.

The indicator is integrated with a mathematical algorithm that tracks previous pivot points of the price and projects them onto your chart.

We have a wealth of experience and expertise in the trading industry. For example, our gPivot ResSup indicator is useful for novice, intermediate as well as experienced traders. This indicator can be used by different types of traders including scalpers, day/intraday traders or swing traders.

BUY Setup: A bullish trend is one in which prices are increasing, such as going up the page. Using this type of trade, you would wait for the price to retrace and find support on the indicator. This signifies an opportunity to enter a BUY/LONG trade (e.g. bullish engulfing).

SELL Setup: First we need to identify the trend of the market; in this case, a bearish trend. Next we wait for the price to retrace and react to the resistance level (red lines) of a certain indicator. We then open a SELL/SHORT position using price action. (e.g. bearish engulfing, inverted hammer, etc.).