A pivot point is a price level of significance in technical analysis of financial markets that is used by traders as a predictive indicator of market movement. A pivot point is calculated as an average of significant prices (High, Low and Close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point, it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish.
- DeletePreviousDayLine - if true, pivot lines are drawn only for today, and if it is false, the lines are drawn for all days.
- PPColor - color of main line.
- PRColor - color of resistance lines.
- PSColor - color of support lines.
- PivotWidth - width of all lines.