C13 Pivot Points
Pivot points simply took the high, low, and closing price from the previous period and divided by 3 to find the pivot.
From this pivot, you would then base your calculations for three support, and three resistance levels. The calculation for the most basic flavor of pivot points, known as ‘floor-trader pivots’, along with their support and resistance levels can be seen on this chart on daily basis.
From this pivot, you would then base your calculations for three support, and three resistance levels. The calculation for the most basic flavor of pivot points, known as ‘floor-trader pivots’, along with their support and resistance levels can be seen on this chart on daily basis.