[PoshTrader] Pivot Points for cTrader

Poshtrader

Trader
Jun 20, 2020
5
1
7
39
Tallinn - Prague
www.poshtrader.com
pt-pivots.jpeg


The indicator automatically draws important Pivot Levels using the most popular approaches:

  • Floor
  • Camarilla
  • Woodie
  • Fibonacci
  • DeMark

Usage of Pivot Points

The very essence of trading with Pivot Points is based on the idea that the price tends to reach yesterday’s close point much more often than to overcome the previous day range. That’s why the most popular calculation period for Pivot Points is Daily.

In that context, all Pivot levels play the role of support and resistance. While analyzing the chart, we can see multiple price interactions with these levels. Also, one of the advantages of the Pivot indicator is its popularity, as the more traders use the same tool, the more likely the price will interact with it.


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