Pivot Points Standard – FX Replay
The Pivot Points Standard Indicator on FX Replay helps you quickly identify key support and resistance levels for potential reversals and trend continuation setups.
How it works:
Central Pivot Point (PP):
Calculated as the average of the previous high, low, and close
Formula: PP = (High + Low + Close) / 3
Support & Resistance Levels:
- R1 = (PP × 2) – Low
- S1 = (PP × 2) – High
- R2 = PP + (High – Low)
- S2 = PP – (High – Low)
- R3 / S3 = PP ± 2 × (High – Low)
How to Trade with It:
- Price above PP → Potential uptrend → Target R1, R2, or R3
- Price below PP → Potential downtrend → Target S1, S2, or S3
- Use bounce or break confirmation around pivot levels for trade entries
Why it's useful in FX Replay:
- When replaying price action, pivot levels offer predefined structure to evaluate reaction zones
- Combine with FX Replay’s trade placement tools to simulate and refine setups