Support/resistance levels
Pivot Points
Predefined support and resistance levels from the prior period.
What is Pivot Points?
Pivot points are horizontal support and resistance levels calculated from the previous period's high, low and close. The central pivot (PP) plus levels S1–S3 and R1–R3 give day traders a ready-made map of likely reaction zones for the session.
How it works
The pivot is the average of the prior high, low and close; support and resistance levels are derived by adding and subtracting the prior range. Price above the pivot is a bullish intraday bias, below it bearish. The levels act as targets and reversal zones.
How traders use it
- ▸Bias: above the central pivot is bullish, below bearish.
- ▸Reversals: fade reactions at S/R levels.
- ▸Targets: use the next level as a profit objective.
- ▸Breakouts: trade decisive breaks of R1/S1.
Build Pivot Points without code in Algovex
Pivot Points are a node in Algovex with all levels exposed, build bias, bounce or breakout rules around them, backtest, and export.
Key parameters
| Parameter | What it does |
|---|---|
| type | Calculation method (classic, Fibonacci, Camarilla, Woodie). |
| anchor | Period the pivots reset on (daily, weekly). |
Frequently asked questions
How are pivot points calculated?
The central pivot is the average of the prior period's high, low and close. Support and resistance levels are derived by adding/subtracting fractions of the prior range. Algovex computes all the levels for you.