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The Pivot Points chart study simply shows some key price levels from the previous day. The previous days closing price level is the middle line, represented in blue. The inner pink and green lines are at the previous days high and low price level respectively, and finally the outer pink and green lines are simply double the high and low price levels from the previous day, respectively.
- Please note, this chart study only works for the FOREX, and on a 1 day graph. -
No parameters.
Pivot Points
Here is an example of the Pivot Points chart study (on a FOREX graph)
Trading above (or below) the pivot points is thought to show a bullish (or a bearish) attitude.
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