Pivot is a French borrowing that slowly evolved grammatically in English, which literary means “a turn.” Pivot points are the reversal points or levels where the price rebounds and starts moving in the opposite direction. What is a pivot point? First, let us define pivot point levels. Pivot point formula - how to calculate the indicator.How to use the Pivot Points on the LiteFinance platform?.How to add the Pivot Points indicator to MT4?.The article covers the following subjects: Read on, and you will learn the pivot point levels definition, Pivot Points indicator, the principle of plotting pivot points, and the trading systems based on the Pivot Points indicator. Depending on the method of plotting pivot points specified in the settings, the indicator automatically draws several support and resistance levels at High (Max), Low (Min), and Close prices. A good way to calculate important psychological levels is the Pivot Points indicator. One of the essential things in successful trading is the ability to identify the key support and resistance levels and determine the pivotal points where the overall trend is likely to reverse.
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