Here’s how we will trade this forex MT4 indicator:
Get this indicator here (.mq4)
This indicator paints Demark’s version of pivot lines, drawn based on previous price highs and lows.
Each colored line represents support and resistance levels. We noticed that when prices cross the middle blue line, they tend to reach the next levels: yellow line for buys and red line for sells.
In addition, similar to a bollinger band breakout, we also noticed that strong breakouts occur when prices break past the extreme green lines on both sides; on top and below.
Feel free to download this unique indicator onto your MT4 platform.
And share with us below how you would improve the accuracy of this indicator – Demarker Pivots.
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