A bundle of pivot levels: the central pivot P plus support (S1, S2…) and resistance (R1, R2…) levels. Each is a horizontal price line used as a possible turning or breakout zone.
Pivot points are a set of horizontal price levels worked out from a recent bar's high, low and close. They give a central pivot (P) plus support levels (S1, S2…) below and resistance levels (R1, R2…) above that traders use as potential turning or breakout zones.
How it works
The central pivot P is the average of the prior period's high, low and close. Support and resistance levels are then derived from P and the period's range using the classic floor-trader formulas. The period parameter sets how many bars define that high, low and close.
Configuration
periodscalar
How many bars define the high, low and close used to compute the pivot levels. Larger spans a wider window (and wider levels); 5 is the default.
Connects to
Feeds into
Examples
Fade a move: look for a long setup when price tests S1 in an uptrend.
Trade a breakout: act when price closes back above the central pivot P after dipping below it.
Common mistakes
Expecting price to reverse exactly at a level — pivots are zones, not precise prices.
Mixing pivot periods across timeframes, so the levels no longer line up with the bars you trade.