Indicator TZPivots

This indicator is based on the pivot point of trading the day before. TZPivots will display and calculate automatically the value Support (S) and Resistance (R) directly on the screen frame metatrader. To be able to use the indicator TZPivots, then the Timeframe on metatrader should be set lower than H1.

To appear directly on the screen it will be easier for us in analyzing a reversal, the retracement, etc. Pivot point is the level where a trend will most likely change.

Parameters used:
* LocalTimeZone (default = 0)
Content and customize with the TimeZone of the server that You use a broker.
* DestTimeZone (default = 0)
The contents of the TimeZone You, e.g. for Australia = 10 to mean GMT + 10

See pictures below for Illustration:

Download Indicators:

* TzPivots: Metatrader 4
* TzPivots: Metatrader 5

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