Search
MXN
Trading Software
    Menu Close

    cTrader Pivot High Low indicator


    Product Support Available

    A Pivot Point High Low Indicator is a technical analysis tool used in trading to identify potential support and resistance levels in a financial market. Pivot points are calculated based on a previous trading period's high, low, and closing prices (such as the last day, week, or month). This indicator helps traders determine the market's overall trend and anticipate potential price movements.
    (OS) Type: Windows & Mac OS Compatible
    Current version: 1.0
    Updated: Wednesday, 29 May 2024
    Author: ClickAlgo Team

    Need a broker?  Open a demo account

    Educational content: Read our disclaimer

    $0.00 Incl. VAT.
    cTrader Software





    The Pivot Point High Low Indicator can be applied to various time frames, and it is popular among day traders and short-term traders due to its ability to provide a quick snapshot of key levels for the trading day. it also helps traders identify critical price levels, anticipate potential market reversals, and plan their trades accordingly.

     

    cTrader Pivot Point Indicator

     

    In technical analysis, the "high low high" describes a pattern seen in the price movements of a stock or other financial instrument and this refers to a sequence in candlestick charts where a high price is followed by a lower high, then a lower low, and finally a higher low.

    • Higher high – a peak higher than the previous peak.
    • Lower low – a trough lower than the previous trough.
    • Lower high – a peak lower than the previous peak.
    • Lower low – another trough lower than the previous one. This pattern might indicate a bearish trend or a series of price corrections.

     

    How to Trade Pivot Points

    Pivot points are primarily used to identify potential support and resistance levels, if the price is trading above the pivot point, it indicates bullish sentiment and the levels Higher High and Lower High act as potential resistance. Conversely, if the price is below the pivot point, it indicates bearish sentiment.

    They can also help traders determine optimal entry and exit points for their trades, a trader might enter a long position when the price breaks above the pivot point and target the next resistance level for exit. Also, a trader might enter a short position when the price falls below the pivot point and target the next support level. Traders often use pivot points to place stop-loss orders to manage risk, an example is a stop-loss might be placed just below the next support level when entering a long position.

     

    Important Information

    As with all technical indicators, use this indicator in conjunction with other indicators and your manual strategy as a confirmation, there are too many variables in the market to trade with a single indicator. 

     

    How To Install & Remove

    Follow the instructions below to install this indicator.

     

    Any Questions?

    If you have any questions, search our product help forum for the answer, or post a new question.

     

    Need a Broker

    If you are still looking for a Trustful broker, look at our best cTrader broker site.