Professional traders use pivot points as support/resistance levels or as an indicator of a trend. Basically, a pivot point are areas at which the direction of price movement can possibly change. What makes pivot points so popular is their objectivity as they are recalculated each time the price moves further.
The pivot points indicator implements 5 popular pivot points calculation and drawing:
Standard – The most basic and popular type of the pivots, each...
The Hurst exponent is referred to as the “index of dependence” or “index of long-range dependence”. It quantifies the relative tendency of a time series either to regress strongly to the mean or to cluster in a direction. A value H in the range 0.5–1 indicates a time series with long-term positive autocorrelation, meaning both that a high value in the series will probably be followed by another high value and that the values a long time into the future will also tend to be...