
by Hiroyuki Sasaki
Free
Price
Explore similar trading robots based on style, price range, and category

Mystic RSI by MoonPipz is a promising free indicator designed for traders looking to utilize the Relative Strength Index effectively. While it lacks user feedback and downloads at this time, its potential makes it worth considering for those interested in technical analysis.

Trend Pulse Line is a promising MT5 indicator that offers traders a unique way to analyze market trends. While its effectiveness is yet to be fully evaluated due to the lack of user reviews and downloads, it certainly has potential worth exploring.
The Pivot Points Slim indicator by Hiroyuki Sasaki offers a straightforward approach to identifying key market levels. While it is free, its lack of user reviews or downloads raises questions about its reliability and effectiveness.
The Pivot Points Slim indicator is designed to help traders identify key support and resistance levels in the forex market. Developed by Hiroyuki Sasaki, this free tool aims to assist both novice and experienced traders in making informed trading decisions.
Pivot points are calculated based on the previous period's high, low, and close prices, allowing traders to gauge potential reversal points in the current market. The indicator plots these levels on the chart, providing visual cues for entry and exit points.
Installing the Pivot Points Slim indicator in MetaTrader 5 is straightforward. After downloading the indicator, users can place it in the 'Indicators' folder within the MetaTrader directory. Once installed, the indicator can be applied to any chart by selecting it from the indicators list.
While the Pivot Points Slim indicator holds promise, it has not yet garnered user reviews, which makes its performance evaluation challenging. Backtesting results are also unavailable, limiting our ability to assess its reliability and effectiveness in live trading conditions.
In conclusion, the Pivot Points Slim indicator is an intriguing tool for traders seeking to utilize pivot points for their trading strategies. However, the lack of reviews and performance data raises concerns. Traders are encouraged to approach this product with caution and consider testing it on a demo account before using it in live trading.
The Pivot Points Slim indicator calculates key pivot points based on the previous trading period's price action. The main levels include the central pivot point, as well as the first, second, and third support and resistance levels. Traders can utilize these levels to make informed trading decisions.
Pivot points are calculated using the following formulas:
By plotting these levels on the chart, traders can identify potential reversal points and set their entry and exit strategies accordingly. The indicator also allows for customization of the levels based on different timeframes.
The Pivot Points Slim indicator is suitable for a wide range of traders, from beginners to experienced professionals. Here’s a look at who might benefit from this tool:
While Pivot Points Slim offers valuable insights, it is essential to understand the risks involved in trading with any indicator. Here are some considerations:
Implementing sound risk management strategies, such as setting stop-loss orders and only risking a small percentage of your capital per trade, is advisable.
Purchase securely on MQL5.com and start trading today.
This product is classified as:
Support/Resistance IndicatorView all Support/Resistance Indicator products
Browse Support/Resistance IndicatorDisclaimer
Trading involves significant risk. Past performance does not guarantee future results. This review is for informational purposes only and should not be considered financial advice.

CandleCountdown