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![]() Contact us About us Guest blogging Terms of Service Privacy Policy Advertise. Our Pivot Point indicator is extremely easy to use and trade. So especially the intraday traders will get the most from our exclusive Pivot Point indicator. The indicator always displays the main pivot point (yellow line). The indicator also displays 3 important resistance levels (red lines) and 3 important support levels (blue lines). It does not matter which time-frame you will choose - the indicator is always calculated based on the daily time-frame. And you can trade with the indicator like with any other Pivot Point indicator. If a market is close to the resistance levels (R1, R2, R3) - a downside move is usually expected. On the other side, if a market is near the support levels (S1, S2, S3) - a bullish reversal is usually expected. Especially placing Stop-Loss or Profit-Target levels based on the Pivot Point indicator is usually a very good idea, because a price reverses from support (S1, S2, S3) and resistance (R1, R2, R3) levels very often and very accurately. The middle pivot point level can be used to identify a sentiment - price above the middle pivot point means bullish sentiment while price below the middle pivot point means bearish sentiment. It is also good to note that price tends to reach the middle pivot point with a probability of 70 during a trading day. 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