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ForeXecutor
| Applying Standard Pivot points in ForeXecutors 4xCharts |
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| Written by Kimball Hall | |
| Friday, 03 October 2008 | |
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It is extremely easy to get daily Pivot Points attached to your charts. Pivot Points are a set of lines based on the daily open, high, low and close and their relationship to one another. They are often quite accurate and identifying support and resistance point’s as well directional bias. To apply them to any chart you have open in 4xCharts, simply go to the “Drawing” pull down menu and select “Pivot Calculator”. To the right you will see the different options for the pivot points.   I use the 17:00 PM option because it more closely represents the time frames I am trading. I also have found that it doesn’t matter what time frame you use. Even though the lines themselves might be different, they will still find support and resistance points that can be traded. You can see in the chart below that the difference isn’t that great and you could actually trade with either pair of lines. 
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