![]() ![]() Typically the middle pivot point gets drawn first. The pivot points are displayed on the chart and then can either be used for breakout trading or to trade the bounce of a pivot level. While the calculation of the pivot points differs for each different method changes, the basic concept behind all of them remains the same. There are however a lot of different pivot point versions like Fibonacci pivot points or camarilla pivot points next to the standard version. the closing price, and identify potential support and resistance levels based on this data. There are a lot of ways to spot the support and resistance areas. ![]() Obviously its very important to spot the S&R zones, because without seeing them you wouldn’t be able to trade them. Some traders predict price to move past the level and some traders predict a bounce off of it. Traders expect the price to react to these zones in some form. Support and resistance zones are generally seen as the base in every technical analysis. Afterwards I will quickly explain the various settings of the indicator and then show you the advantages that the idnicator provides to you. In this article you will first learn about the two different pivot point methods, that the Pivot Custom Time Indicator For MT4 supports. Alerts In Real-Time When Divergences Occur ![]()
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