The Waddah Attar Pivot indicator for MT4 displays the monthly, weekly and daily pivot point on the chart.
Every day, the indicator automatically updates all pivot points levels.
In essence, the Waddah Attar Pivot indicator reveals the overall trend based on pivot point levels.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Displays the daily, weekly and monthly pivot point
- Dynamically updates all levels
- Reveals the overall trend
- Popular indicator
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a simple trend bias technical tool.
Free Download
Download the “Waddah_Attar_Pivot.mq4” MT4 indicator
Indicator Example Chart
The EUR/USD 4-hour chart below shows the Waddah Attar Pivot Forex indicator in action.
Basic Trading Signals
Signals from the Waddah Attar Pivot indicator for Metatrader 4 are easy to interpret and goes as follows:
BUY:
- Open a buy trade when price closes above the daily pivot point and the daily pivot point is positioned above the weekly and monthly pivot point (rising trend).
- Place stop loss below the previous swing low level.
- Take profit at a risk-to-reward ratio of at least 1.5 or better.
SELL:
- Open a sell trade when price closes below the daily pivot point and the daily pivot point is positioned below the weekly and monthly pivot point (falling trend).
- Place stop loss above the previous swing high level.
- Take profit at a risk-to-reward ratio of at least 1.5 or better.
Download This Forex Indicator
Download the “Waddah_Attar_Pivot.mq4” MT4 indicator
Adjustable Parameters & Settings
Colors
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: pivot points
How to install the Waddah Attar Pivot indicator in Metatrader 4?
- Copy and paste the Waddah_Attar_Pivot.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button