Pivot point updates : Hot Topic


The WPivot indicator displays the pivot points generated by the previous week's market action. (Differs from XPivot in that it only includes days from the previous week while XPivot looks back N number of days and if there is a market holiday in that week then XPivot would also include 1 day from the week prior to that if the day was set to a Friday.)


This indicator and all our other indicators are available to Premium Members.

The WPivot automatically calculates Weekly Pivots by using the High, Low and Close from the previous week. It takes into account trading holidays and will only use the appropriate figures from the active trading days from the prior week.

This indicator is relatively easy to use and configure with its parameters and as such no further information is given here. The general PivotTool provides more guidance as to how this type of indicator works.

If, however, you would like more information on this tool then please make a request in the forum.

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