Indicator
breakout
"Pivot Points Daily Session" logo
Pivot Points Daily Session
5.0
03/09/2025
22
Desktop

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
More from this author
RiskRewardTools
Risk Reward management tools (风险回报管理工具)
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)
Indicator
breakout
rsi
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.
You may also like
Reko Wic
Visualize global Forex trading sessions with clear time blocks for better timing and strategy planning.
Order Block detector PRO
Order Block PRO — Smart Institutional Zone Detector
Indicator
breakout
supertrend
rsi
+1
ZScore
Z-Score measures price deviation from its average, helping identify extremes, trends, and trading opportunities ........
Volume Profile Fixed Range
Professional Volume Profile Indicator - Shows volume distribution, POC, Value Areas & Buy/Sell pressure.
DMG Indicator POSIZIONE APERTE e Prezzi ,SU GRAFICO
Visualizzazione delle Posizioni dei simboli attivi su grafico
DOMFlowScalperPRO
Scalp smarter with DOM Flow Scalper PRO – real-time Bid/Ask imbalance and volume precision!
VegaXLR - Chart Patterns Alerts
Enhance your trading strategy with automated detection and alerts for key chart patterns.
Indicator
forex
indices
commodities
+2
Two Candle Patterns
Detect powerful 2-candle reversal patterns at key highs/lows. Boost entries with real-time alerts and visual signals.
Indicator
ai
eurusd
Future_AI Indicator
Future-AI indicator.
ZigZag T3
Three ZigZag lines
Alpha Sentiment Pro
Alpha Sentiment Pro - See the Market's Pulse Before It Moves
Indicator
breakout
btcusd
supertrend
+6
ZigZag
ZigZag filters noise, spots trends, patterns, pivots, aiding analysis, trade management, and confirmations. 📉📈
Indicator
indices
E7 BlackScholes Model
Option pricing using the BlackScholes model and the Math.Numerics packages
Indicatore utbot
L'indicatore UTBot è uno strumento di analisi tecnica che crea una linea di trailing stop dinamica basata sull'ATRT
Indicator
indices
rsi
StochasticRSI
Stochastic RSI (StochRSI) is a technical indicator used to measure the strength and weakness of the RSI.
DEnvelopSystem
DEnvelop is a high-performance trading indicator engineered for scalpers and intraday strategists who demand precision.
Indicator
signal
DARK POLL SIGNAL_noSourceCode
Dark Poll Signal Indicator.liquidity leakage,precedes the great movement, accumulation, distribution
Zig zag v.1
ZigZag Pro – Multi-Swing Indicator for cTrader Description: ZigZag Pro is a powerful and fully customizable swing indica