If you are engaged in Forex Trading and are looking for a reliable Forex Reversal Indicator, you might find the Price Pivot Points beneficial. This unique indicator is designed to identify price reversal points on the trading chart, making it a crucial tool for your Trading Strategies.

How Does the Price Pivot Points Work?

Using the standard indicators such as RSI, this indicator determines the price reversal points and displays them on the chart using arrows. The arrows are color-coded: a blue arrow suggests a buy order, while a red arrow indicates a sell order. It’s a straightforward, user-friendly system that doesn’t require additional settings.

Accuracy and Reliability

In approximately 95% of cases, the Price Pivot Points provides accurate Forex signals. It’s a non-redrawing tool, meaning once a signal is given, it will not change retrospectively. This characteristic adds to its reliability and makes it a preferred choice for many traders in the Currency Market.

Applicability Across Currency Pairs and Timeframes

Regardless of what currency pair or timeframe you trade in, the Price Pivot Points can be applied universally. This wide applicability makes it a versatile tool for traders dealing with various currencies and timeframes.

Trading Tips with Price Pivot Points

It is recommended to open trades in the direction of the arrow that appears on the chart. For the GBPUSD currency pair, the TakeProfit is suggested to be placed at an average of 15-25 points. StopLoss should be set at twice the TakeProfit, or the order should be closed when a signal appears in the opposite direction. However, it is advisable not to trade before significant news releases as the market unpredictability can lead to false signals.

Combining with Existing Trading Systems

This indicator can also be combined with your existing trading systems to confirm signals and enhance your Technical Analysis process. It’s a valuable addition to your trading toolkit, making your strategies more robust and well-rounded.

Indicator Settings

The Price Pivot Points has two RSI periods: Rsi_Short (fast RSI period) and Rsi_Long (slow RSI period). The type of price could be CLOSE, OPEN, HIGH, LOW, or WEIGHTED, according to your preference.

Additional Benefit

Everyone who purchases this indicator and leaves a review will receive one more automatic robot for free! This is a great advantage for those looking to enhance their trading systems.

Independent Testing and Updates

For those interested in seeing the Price Pivot Points in action, independent testing of this product is available on the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product.

FAQ

What is the Price Pivot Points?

The Price Pivot Points is a Forex Reversal Indicator that shows price reversal points on the chart using RSI and other standard indicators.

How accurate is the Price Pivot Points?

In about 95% of cases, the Price Pivot Points provides accurate signals.

Can the Price Pivot Points be used with all currency pairs?

Yes, the Price Pivot Points works on all currency pairs and all timeframes.

We invite all users to share their experience of using the Price Pivot Points. Your insights can help other traders understand the effectiveness of this tool better. Please note that this is an independent product review and is written in the third person.