This FREE pack contains four popular tools based on the standard pivot points. These four tools combine the advantages of standard pivot points with several nice advantages of their own. The most significant advantages of standard pivot points are the following:
Click here to activate Pivot Points – Pack 1 in the store.
Click here to test a free demo of the NanoTrader trading platform.
This is a moving average which is based on the pivot points rather than the last market price. Traders can generate a trading signal either when the indicator and the market price cross (indicated by the green and red background in the chart) or when the indicator has a particular slope.
This is the Relative Strength Indicator (RSI) based on the pivot points rather than the last market price. Traders can generate a signal based on the market trend. Both trend continuation and trend reversal signals are possible.
This channel is as smooth as a moving average but also has the ability to adjust for market volatility like the Bollinger Bands. The outer lines of the Pivot Channel are used as support and resistance levels just like the pivot points themselves. In addition the Pivot Channel identifies trending markets.
The pivot point oscillator shows traders the distance between the current market price and pivot point of the day. The pivot point of the day is the zero line. he oscillator is enhanced by a moving average. Traders bet on a strong reaction when the market prices touches the zero line for the first time. Like any other oscillator, the pivot point oscillator can be used to trade divergences.
Click here to activate Pivot Points – Pack 1 in the store.
Click here to test a free demo of the NanoTrader trading platform