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