Demo Account Guide
Demo Account Guide

Pivot Line

As an intriguing technical tool, Pivot Point inspires a lot of custom indicators that are particularly created based on its calculation. One of them being the RD Pivot Line, an MT4 indicator that is capable of automatically generating the pivot lines of the current market condition, as well as showing the price levels and key ranges from the previous day. 

RD Pivot Line

To download this indicator, follow the instruction as written below:

  1. Follow our Twitter account  
  2. Type your Twitter ID here
  3. Click this button

How to Install an additional indicator on the MetaTrader platform?

  1. Open the MetaTrader platform.
  2. Click on the "File", then choose "Open Data Folder".
  3. Locate the downloaded indicator in your File Explorer, and copy it.
  4. Go back to the MetaQuotes terminal.
  5. Open the "MQL4" folder, then select "Indicators"
  6. Paste the indicator file.
  7. Close the MetaTrader platform.
  8. Reopen the MetaTrader platform.
  9. Scroll through the "Navigator" section on the left side of the chart. In the "Indicators" category, look for the one with the name of the downloaded indicator.
  10. Drag and drop the indicator on the chart.
  11. Check "Allow DLL Imports".
  12. Click OK.
  13. Custom indicator is ready to use.