Introducing the Dyn Pivot Indicator. This is a unique Forex trading Indicator which is extremely accurate and has proven extremely impressive results upon its testing phase. Dyn Pivot Indicator works well in 30 minutes timeframe. This technical indicator is best used for catching market upswings and down swings. When using Dyn Pivot Indicator you may be unable to ride the whole trend but just catching the swings visible in the 30 minutes timeframe. The main benefit of this indicator is less risk and requires discipline because you have to wait a long time before taking any position.
As soon as you install Dyn Pivot Indicator In your platform, your chart should look like this;
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Dyn indicator has blue and red lines that move above and below the market price. In a way, these lines work as a channel. The upper channel line which is blue works as resistance and the lower channel line works as support.
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Buying Conditions Using Dyn Pivot Indicator.
- The market should be up trending (better if it’s up trending).
- The 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.
- The market should be down trending (better if it’s down-trending).
- The 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
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