Dyn Pivot Indicator is a forex trading indicator and it is a very simple and unique forex trading indicator. It is highly accurate and it was tested successfully in the past data and it showed very impressive results. Dyn Pivot indicator works best on 30 minute time frame. This forex trading indicator is best used to catch the swing of the market whether upswing or downswing. While using this indicator you may not be riding the whole trend but you will be catching the swings that you see on 30-minute chart. It takes lot of discipline to make money with this trading indicator because you will have to wait for a good amount of time before making any positions.
When you install Dyn Pivot indicator in your trading platform, your chart should look like this:
- Dyn Indicator
Dyn indicator consists of blue and red lines that move above and below the market price respectively. In a way these zig-zags work as a channel. The upper zigzag line which is blue works as a resistance and the lower zigzag works as a support.
Buying Conditions Using Dyn Pivot Indicator.
- Market should be up trending (better if it’s up trending).
- Market should be bouncing from the recent low.
- Market price should touch the red zigzag of the Dyn Pivot Indicator.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the market price touches the upper blue zigzag.
Selling Conditions Using Dyn Pivot Indicator.
- Market should be down trending (better if it’s down trending).
- Market should be pulling back from the recent high.
- Market price should touch the blue zigzag of the Dyn Pivot Indicator.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the market price touches the lower red
Download Free Forex Dyn Pivot Indicator
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