Category: Indicators


Getting Acquainted With The Pivot Points

The history of the Pivot Points indicator began in the early 30s of the twentieth century when a mathematician and a that-time famous trader Henry Chase decided to create an indicator meant for the security market. The synonym for a pivot would be a reversal, so a pivot point is a level on which the price reverses. So, the basis of the Pivot Point indicator is the idea that the market takes everything into account and repeats itself with time. The indicator was created in such a way that the opening and closing prices may serve as the support and resistance levels in the future.