Guide to Pivot Points: one of TV's greatest free tools

3064 4
How I use the free Pivot Points indicator.

There is a lot of be said about "Pivots" and a lot of people mean different things with that word.
What I am showing is the ''Old-School'' definition of that term.

Pivots are as simple as this:
(H+L+C)/3 of the previous period = Center Pivot (P) in current period.
The the 'Support' (Sx) and 'Resistance' ( Rx ) pivots are calculated based on above equation.
There are many variations used these days, but the ''Traditional'' is the first, and I think most commonly used.

What do they tell you?
The seem to make good TARGETS for a move, and often lose energy there.
Many traders will look to take profits at a Pivot , which is obvious in above chart.

I will add updates with more explanations later, after this is up.
評論: I have posted a follow-up to this tutorial here (Chapter 2):

Please see the above for a ''Kind of Advanced'' use of the ''Pivot Points Standard'' indicator.
評論: I have posted another follow up (Chapter 3) here:
評論: Just posted an Idea with current Pivot status and what Pivot Traders might be thinking:
評論: I have just posted a current example of a possible Pivot Point Play in XMR/BTC
the Golden Ratio is my Religion.
the Trading View is my Nation.
the Moderator Tag is my Flag.
Any thoughts on the Fibonacci setting in pivots?
EuroMotif texagg22
@texagg22, HI, I do take peeks at the other settings in the TV indicator.
The Fibonacci setting is often interesting.
The Camarilla seems popular with some Forex traders (but R4 and S4 is what Camarila fans use most)
But I just flip through those to look for confluences.
You have converted me to an avid pivot tracker, too much correlation to ignore.
Please keep up the good works.
Nice one and well explanations. Will you share the indicator with us?

Thank you very much.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出