Pivot Points are often used by professional traders as a prediction of the upcoming market movements. We have developed an easy to use indicator who does this for you. You can drop it on any chart and customize the period where the pivots will be calculated upon.
Support and Resistance levels help determining any potential reversals of the current market trend. A good indication is that as long as the price is above the Pivot Point (PP) the market is considered bullish while as the price is below the Pivot Point it's considered as a bearish market.
It shows the Pivot Point, the starting point and 3 levels of Support and Resistance and enables you to customize it by using different colors.
Also it is possible to add a barshift to the indicator so that the period of pivot calculation shifts to the left.
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http://clicks.pipaffiliates.com/afs/come.php?cid=51737&ctgid=17&atype=1&langcode=en&brandid=3
http://mql5.com/78si
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