Pivot Point indicators are an extremely valuable tool that can be incorporated into almost any trading style or system, allowing traders to identify breakout conditions, set price targets, and remain aware of important support and resistance levels in the market.
TradeShark wasn’t satisfied with just that and thus, took these a step further by transforming these already powerful indicators by adding predictive data which is incorporated into the pivot point calculation. This offers traders a huge advantage over other pivot point implementations.
Watch the video below to see a demonstration of TradeShark’s Predicted Weekly Standard with a chart of the British Pound / U.S. Dollar. Like all other Tradeshark indicators, pivot points can be added to any chart selection with a simple drag and drop. The pivot point will then be applied to the chart along with some extra space for easier viewing.
Traders can easily combine these pivot levels with the highly accurate Neural index forecasts found in TradeShark. This combined approach allows traders to identify opportunities with a very high likelihood of performing to expectations and to manage their positions more effectively often resulting in much greater trading profits.
In addition to the weekly predicted pivots, longer term traders may wish to make use of the Monthly and Quarterly pivot point indicators within TradeShark. These higher time frame pivot points are located in the indicator tray and can be applied to the charts just like the weekly pivots.
Tell us how you are using these indicators in the comments below.