Multi-Symbol Pivot Point Scanner and Alert Features
Summary
This document describes a MetaTrader scanner that monitors multiple symbols for price interactions with pivot levels. It can alert when price crosses a level, approaches it within a chosen distance, or appears to bounce away. Supported pivot calculations include Standard, Fibonacci, Woodie, and Camarilla, with daily, weekly, and monthly timeframes. Users can scan a symbol list or the Market Watch list and configure symbol prefixes or suffixes.
The listed options include popup and mobile notifications, a wait interval to reduce repeated alerts, selection of pivot levels to monitor, and a Bollinger Bands filter. The document also notes that scanned symbols must be available in Market Watch and advises using the current version of the indicator. It provides no performance tests, trading rules for acting on alerts, or evidence that pivot interactions predict returns. Alerts identify technical conditions; the trader must assess them in context, and the description does not specify how the near-level threshold or bounce condition is calculated.
Key ideas
- The scanner monitors multiple symbols for pivot crosses, nearby prices, and possible bounces.
- It supports Standard, Fibonacci, Woodie, and Camarilla pivot calculations.
- Daily, weekly, and monthly pivot alerts can be toggled independently.
- Symbols must be available in Market Watch when using that scan source.
- Optional notification settings and a Bollinger Bands filter affect alert behavior.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.