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burton.g
08 Mar 2016, 11:02
Pivot Points
Pivot point levels were developed by Floor traders and used to give the current trading day's price "context" against yesterdays price range.
The formula is readily available in most platforms.
The pivot formula takes the range of a session from open to close.
Your pivot point settings should reflect the individual open and close times of each instrument you use them on. So the current sessions pivot levels are derived from the previous session.
GB
@burton.g