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Pivot Levels
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Scalperology Ai MT5
Free EA🚀
Global
Pairs:
AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit:
37.81%
7-Day Profit:
22.85%
Support:
24х7 via Telegram
Breakopedia Ai MT5
Free 🎁
Global
Pairs:
AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit:
25.59%
7-Day Profit:
14.4%
Support:
Developer
Understanding Pivot Levels
Pivot levels are key price levels calculated based on the high, low, and closing prices of prior trading periods. They serve as indicators for potential support and resistance in the financial markets. As static points, they are used predictively during intraday trading. Traders often refer to them to gauge market sentiment and to make informed decisions. 📈Pivot Point Calculation Methods
Various methods exist for calculating pivot points, each providing different insights:- Pivot Point (PP) = (High + Low + Close) / 3
- First Resistance (R1) = (2 x PP) – Low
- First Support (S1) = (2 x PP) – High
- R1 = (2 x PP) – Low
- PP = (High + Low + (Close * 2)) / 4
- R4 = ((High - Low) * 1.1) / 2 + Close
- S1 = Close - ((High - Low) * 1.1) / 12
- Support 1 (S1) = PP - (0.382 * (High - Low))
- Resistance 1 (R1) = PP + (0.382 * (High - Low))