Daily, Weekly, and Monthly Pivot Levels with Backtesting

Summary

This brief description introduces an MQL4 indicator that plots pivot levels for daily, weekly, and monthly periods and includes a backtesting component. It identifies the indicator’s author and notes that the original version was published in 2008, with the displayed version translated from Russian.

The document does not explain how the pivot levels are calculated, how the backtest works, or which markets and trading rules the indicator is intended for. It offers no chart, test results, or discussion of limitations in the supplied text, so it serves mainly as a pointer to an indicator rather than a full strategy explanation. Readers would need the actual indicator and further documentation to assess its calculations or usefulness.

Key ideas

• The indicator displays pivot levels for daily, weekly, and monthly periods.
• The described tool includes a backtesting feature.
• The original indicator was written in MQL4 and published in 2008.
• The document does not specify the pivot formula or provide backtest results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.