Simple Pivot Points
Simple Pivot Points is a technical analysis indicator used to determine the overall trend of the market during different time frames. Pivot points simply are the average of the high, low, and closing prices from the previous trading day.
Example of how to trade using pivot points:
1. Open 1M/5M chart w/ daily pivot points
2. Wait for the price to move towards a pivot point
3. Wait for the price to touch the pivot point
4. Enter trade
5. Wait for your trade to exit (manual close/TP/SL)