WeeklyPivot VertexFX Indicator

[garrysidhu]

indicator ashe hein kyo ke indicator some time bad situation me hmari help krte hein so me alwayse indicators use krna like krta hun je mera asha plan he bhai ashe indictaors use krna and ashi trade krna ashi bat he forex me bai

[Abniali05]

good indicator shared by you but my dear friend but i am using candle stick indicator here in the forum and i am
much profitable from it. and i will recommend you guys this indicator as well . after trying this you will found it
very useful to yourself.

[ghaffar500]

dear trader ap nay boht hi acha indiator share kia hay laken yeh aik weekliy indicator hay aur weekly chart pay koi hum jesy log jo forum pay depend krty hain wo es pay trade nahain kerty yeh sirf big invester k liay hay jen k pass bari amount ho but thanks for shareing........

[fxearner]

Kiaa haaam is idector yaa startegy joo haam monile keh meta trade 4 me use kaar saakte haain kiaa kyun k mobile me ziadaa tools naahi hotee haai janaab gg

bhai ji mobile par jo meta trader hota hai usmein aap custom indictaors nahi daal sakte hai esliye aapko esko apne desktop par he test karke dekhna hoga aur aap eska use demo account me pehle karein aur esko ache se samajhne ki koshish karein..

[aladdine]

i think using it well help me to avoid loosing specially i'm beginner!! i would love to stay in the line with you brother thank you for helping us and keep the good work and share with us informations like this because we really need this to avoid losing money in forex
thank you so much any way

[G.abbas]

i think it uses the japaneese crdles or what!!! please if you can give me a littkle few lines to explain more this indicator!
i think using it well help me to avoid loosing specially i'm beginner!!
thankyou so much any way!

[hichemlamine]

i think it uses the japaneese crdles or what!!! please if you can give me a littkle few lines to explain more this indicator!
i think using it well help me to avoid loosing specially i'm beginner!!
thankyou so much any way!

[Raja551]

Kiaa haaam is idector yaa startegy joo haam monile keh meta trade 4 me use kaar saakte haain kiaa kyun k mobile me ziadaa tools naahi hotee haai janaab gg

[NCDindia]

WeeklyPivot VertexFX Indicator indicator is a VertexFX client side VTL indicator, provides the support and resistance pivots, based upon weekly price values. This indicator is very useful to determine weekly limits of trading, and the levels at which the market will enter into resistance and support zones.
It provides three support levels (S1, S2 and S3) and three resistance levels (R1, R2 and R3) alongwith the weekly pivot level.

To calculate these levels, we first calculate the previous week's range, which is previous week's High minus previous week's Low.The calculations for P, R1, S1, R2, S2, R3 and S3 are as follows :

P = (Open + High + Low + Close) / 4
R1 = 2 x P - Low
S1 = 2 x P - High
R2 = P + (High - Low)
S2 = P - (High - Low)
R3 = 2 x P + (High - 2 x Low)
S3 = 2 x P - (2 x High - Low)

The weekly prices tend to stay within the S3 and R3 band. So, reversal strategies can be employed between S3 and R3. The trade can expect the direction to reverse at support and resistance levels. When the price touches the support level, it will bounce above, and when the price reaches the resistance level it falls back.

Breakout strategies can be employed beyond S3 and R3. When the price breaks above R3 or below S3 decisively with volume, stop losses should be engaged, and the trade should consider trading in the direction of the breakout.

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