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About the Live Pivot Point indicator

The Live Pivot Point Indicator is a market movement indicator that calculates the values of pivot points, as well as the corresponding support and resistance levels.

Pivot points are calculated as the average of the High, Low, and Close prices for the previous trading period. If the market is above the pivot point in the next period, it is considered that bullish sentiment prevails. If the trade is lower, then bearish sentiment prevails. 

More information can be found at the following link:

Live Pivot Point Parameters

The Live Pivot Point indicator is an extended version of the Pivot Point indicator, it is very flexible in setting up. The most important settings are listed below:

  • You can easily change the color, thickness, and style of pivot points and support/resistance levels.
  • You can set a specific timeframe, the data of which will be used to calculate pivot points and levels. For example, H1, H4, D1, etc.
  • You can determine the risk level during the calculation. The golden ratio parameters are used to determine the risk.
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