{"id":1161,"date":"2019-08-24T14:02:58","date_gmt":"2019-08-24T11:02:58","guid":{"rendered":"https:\/\/roboforex.com/blog\/?p=1161"},"modified":"2026-05-26T10:53:17","modified_gmt":"2026-05-26T07:53:17","slug":"getting-acquainted-with-the-pivot-points","status":"publish","type":"post","link":"https:\/\/roboforex.com/blog\/blog\/2019\/08\/24\/getting-acquainted-with-the-pivot-points\/","title":{"rendered":"Getting Acquainted with the Pivot Points"},"content":{"rendered":"\n

The history of the Pivot Points<\/strong> indicator began in the early 30s of the twentieth century when a mathematician and a that-time famous trader Henry Chase decided to create an indicator meant for the security market. The synonym for a pivot would be a reversal, so a pivot point is a level on which the price reverses. So, the basis of the Pivot Point indicator is the idea that the market takes everything into account and repeats itself with time. The indicator was created in such a way that the opening and closing prices may serve as the support and resistance<\/a> levels in the future.<\/p>\n\n\n\n

Thus, a trader who uses large timeframes draws levels and uses them in trading, passing on to smaller timeframes. For example, the levels are calculated for the D1 or older charts, while trading takes place on M30 or smaller timeframes. It is worth noting that the Pivot Points are not some particular numbers or prices on the chart but a range where the price belongs during some time. On the chart, the Pivot Points look like horizontal lines, the central line highlighted, while the support and resistance ones are dotted by default (the color and the style of the lines may be customized in the settings).<\/p>\n\n\n\n

\"Pivot<\/a>
Pivot Points<\/figcaption><\/figure>\n\n\n\n
\"Pivot<\/a>
Pivot Points<\/figcaption><\/figure>\n\n\n\n

Below, we are going to discuss the practical use of the Pivot Points.<\/p>\n\n\n\n

<\/span>Pivot Points types<\/span><\/h2>\n\n\n\n

After Henry Chase developed the formula for Pivot Points calculation, some traders and analysts considered it not quite correct and developed their own formulae; the following list of Pivot Points types emerged:<\/p>\n\n\n\n