Indicatore
Breakout
Pivot Points Daily Session
Logo di "Pivot Points Daily Session"
5.0
03/09/2025
27
Desktop
Since 30/09/2024
Vendite
34
Immagine caricata di "Pivot Points Daily Session"Immagine caricata di "Pivot Points Daily Session"Immagine caricata di "Pivot Points Daily Session"Immagine caricata di "Pivot Points Daily Session"Immagine caricata di "Pivot Points Daily Session"

Here is the formula for calculating standard Pivot Points:

PP = (High + Low + Close)/3

S1 = (PP * 2) – High

S2 = PP – (High – Low)

S3 = Low – 2(High – PP)

R1 = (PP * 2) – Low

R2 = PP + (High – Low)

R3 = High + 2(PP – Low)

Pivot points can be used to identify the overall trend, since a move through pivot points to the upside indicates an uptrend. Meanwhile the opposite, where a price continues to fall below pivot points during a session, is indicative of a downtrend.

In a ranging market, traders can simply sell (go short) at resistance and buy (go long) at support. For instance, if the market is contained between R1 and S1, buy orders will be placed around S1, with sell orders placed around R1.

In a trending market, relevant Pivot Points will act as reference points for retracing markets to resume the main trend. For instance, if the prices are above PP during an uptrend but below R2. Traders can look to place lucrative buy orders around R1.  

Support and resistance levels are bound to be broken in some in the market. These breakout periods can offer many trading opportunities in the market. Pivot points can also be used to trade potential price breakouts in the market.

Price breakouts occur when the price surges through an existing support or resistance level and effectively switches its role. For instance, if a downward breakout occurs at S2, the pivot line will cease to be a support line and will now be considered a line of resistance.

In this scenario, only sell orders will be considered below S2, and other pivot lines can guide stop loss and take profit placement. Stop losses for sell orders can be placed above S2 and S1, with profit targets placed at S3 and below.

Issues:

EMail:pengzuyun@gmail.com
Altro da questo autore
Volume Weighted Average Price
VWAP is a powerful tool for intraday traders
IRiskRewardTools
Risk Reward Management Tools(风险回报管理工具)
Indicatore
RSI
Breakout
MACD
ZigZagColor
The ZigZag indicator is a technical analysis tool primarily used to identify key price reversal points.
SuperEmaColorRSI
This is a super indicator that integrates the RSI indicator with a dual moving average system.
Potrebbe interessarti anche
ICT Killzones & Macros
KILLZONES AND MACRO SESSIONS
Indicatore
NAS100
NZDUSD
Martingale
+22
Candle Timer
Candle Timer best used for Scalper
DMI CUSTOM SESSIONS
This will allow you to have SESSIONS on the chart. London, New York, Asian session and you can customize the times.
Indicatore
Forex
EURUSD
EconomicForex
ECONOMIC FOREX:provides insights into inflation, nominal interest rates and real interest rates, in the line chart
session final
Comprehensive time session indicator
Zero Lag MACD
Zero Lag MACD delivers ultra-responsive trend and divergence signals with minimal lag, empowering timely Forex entries.
Multi Volume Profile
Advanced customizable volume-profile indicator with buy/sell levels, delta analysis, multi-TF support and vivid gradient
BLOCK LIQUIDITY PRO
Block Liquidity,indicator.Block Order, Liquids Stops, Signal Sentiment,signal correctio.
Indicatore
Bollinger
Repiptor BB Width
Bollinger Bands Width
Support Resistance Zones
Support and Resistance.
Market Sessions Advanced
Advanced Market Sessions with ICT killzones
Candle Timer & Strength Panel Demo -
Candle Timer & Strength Panel DEMO for cTrader DEMO VERSION – 24 hours free trial! This is a DEMO version of the Candle
Previous Day Liquidity Zones (PDH - PDL)
Useful indicator for traders who want to visualize key price levels based on previous daily highs and lows.
[Hamster-Coder] Pivot Points
[Hamster-Coder] Pivot Points (Standard)
Indicatore
RSI
Breakout
Supertrend
Adaptive Trend Channel
📊 Visualize market trends more clearly and dynamically
PriceLevels
Displays the previous day's, last week's, and last month's highest and lowest price levels on your chart.
Indicatore
Breakout
PDHL
PDHL - Previous Day High&Low
Fx4U.Multi Trend Line Indicator
Allow trader to draw multi trendlines in different timeframes on one chart,Give trader an overview of the current market