The Pivot Star Indicator automatically calculates pivot levels based on the previous day’s high, low, and close prices. These levels act as key support and resistance zones, showing traders where the price is likely to react.
Here’s what each level means:
Pivot Point (P): The central level — if the price trades above it, the trend is bullish; below it, bearish.
Resistance Levels (R1, R2, R3): Indicate potential upward barriers where the price might reverse or consolidate.
Support Levels (S1, S2, S3): Indicate potential downward zones where the price may find buying interest or bounce back.
Additionally, the indicator also marks yesterday’s high and low to provide context for the current market range and volatility.
The chart above (GBP/USD, M15) shows the Pivot Star Indicator for MT4 in action. Here’s how it plots the different levels visually:
Pivot Point: Green solid line
Resistance 1 (R1): Red dotted line
Resistance 2 (R2): Red dashed line
Resistance 3 (R3): Red solid line
Support 1 (S1): Blue dotted line
Support 2 (S2): Blue dashed line
Support 3 (S3): Blue solid line
Yesterday’s High/Low: Marked with distinct red and blue horizontal lines
This clear layout helps traders visually gauge market structure and upcoming reaction zones at a glance.
The Pivot Star Indicator makes it easy to identify potential buy and sell setups by using the pivot and support/resistance levels.
When price is above the pivot line, the market is considered bullish.
Enter a buy trade when the price bounces above the pivot or breaks above support/resistance levels.
Stop Loss: Place it just below the nearest support level (S1, S2).
Take Profit: Target the next resistance level (R1, R2, R3).
Example: If the price is above the green pivot line and moving toward R1, traders can buy and take profit at R1 or R2, depending on momentum.
When price is below the pivot line, the market is bearish.
Enter a sell trade when the price retraces to or breaks below the pivot.
Stop Loss: Set it just above the nearest resistance line (R1 or R2).
Take Profit: Exit at the next support level (S1, S2, or S3).
Example: If the price falls below the pivot, you can sell and take profits at S1 or S2.
The Pivot Star Indicator for MT4 supports multiple calculation techniques, giving traders flexibility depending on their preferred strategy:
Standard Pivot Points – Classic method using (High + Low + Close) / 3.
Fibonacci Pivots – Uses Fibonacci ratios for enhanced precision.
Camarilla Pivots – Better for intraday reversals and short-term trading.
Woodie Pivots – Gives more weight to recent closing prices.
Demark Pivots – A dynamic method that adjusts depending on market sentiment.
Each type offers a unique approach to analyzing support and resistance, allowing traders to experiment and find the best fit for their trading style.
Automatically calculates and plots all key pivot levels
Supports five different pivot calculation methods
Displays yesterday’s high and low for extra reference
Works on all timeframes and market instruments (forex, stocks, crypto)
Easy to install, configure, and interpret
Perfect for intraday and swing traders alike
This indicator acts as a roadmap for price action, helping traders anticipate where the market might stall, reverse, or break out next.
The Pivot Star Indicator for MT4 is a must-have tool for forex traders who rely on pivot point analysis. It combines accuracy, customization, and ease of use, providing a complete pivot-based framework for technical trading.
By highlighting pivots, supports, and resistances automatically, it saves traders time and enhances decision-making. Whether you prefer Fibonacci, Camarilla, or Standard pivots, this indicator has you covered.
Download the Pivot Star Indicator for MT4 for free from IndicatorForest.com and start mastering pivot-based trading today!
Published:
Nov 06, 2025 14:53 PM
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