Universal pivot-level indicator that show few pivots on choosen period. Usually pivots work in all liquid markets, which exhibit stable price ranges. The levels work very well in the futures markets and the Forex market as well.
In the trend price tends to go from the Pivot-level to 1 or 2 of the first support or resistance levels. Scope of the 2nd support / resistance is a frequent speaker for the motion.
In the areas of prices often go to the first support to resistance and Pivot with acts like the axis of rotation rates.
period (default 14400 – 1 day) , valuable records:Continue reading