"Pivot Points
We all had this problem when it was hard to define the target levels for the price. Usually, the choice of support and resistance levels has a lot of subjectivity involved. That is why many traders use indicators to determine more universal target levels. One of the simplest ways to do that is to use Pivot points.
What are Pivot Points?
Pivot points are significant support and resistance levels, which can define potential trades. They were calculated by professional floor traders (exchange members who execute transactions from the floor of the exchange, exclusively for their own account) to set the key levels. These traders used to adapt rapidly to the short-term changes in the market.
For more -
https://fbs.com/analytics/guidebooks/pivot-points-237 ?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Rohit_PivotPoints _DCashPal
We all had this problem when it was hard to define the target levels for the price. Usually, the choice of support and resistance levels has a lot of subjectivity involved. That is why many traders use indicators to determine more universal target levels. One of the simplest ways to do that is to use Pivot points.
What are Pivot Points?
Pivot points are significant support and resistance levels, which can define potential trades. They were calculated by professional floor traders (exchange members who execute transactions from the floor of the exchange, exclusively for their own account) to set the key levels. These traders used to adapt rapidly to the short-term changes in the market.
For more -
https://fbs.com/analytics/guidebooks/pivot-points-237 ?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Rohit_PivotPoints _DCashPal