Indicator - Pivot Points
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Definition Pivot Points
P = (yesterday's high + yesterday's low + yesterday's close)/3
R2 = P + (yesterday's high-yesterday's low)
R1 = 2 * P-yesterday's low
S1 = 2 * P-yesterday's high
S2 = P - (yesterday's high-yesterday's low)
R2 and R1 two resistances
S1 and S2 two supports,
p pivot point.
Interpretation Pivot Points
This indicator represents the pivot point and two levels of support and resistance.\nThe indicator enables you to know if the price is close to strategic levels and encourages you to take positions in the market.
