The **Pivot Point Indicator** is part of the **Trend Group** and provides simple and quick indication of pivot point levels as well as support and resistance levels.

It is based on the simple calculations made on the fly by *Futures Market* floor traders to quickly estimate support or resistance levels and pivot points.

The formula first calculates a the **Pivot Points Mid** line, then calculates a distance from that line to the **Upper** and **Lower** resistance/support lines:

Once these two lines are calculated, they can be used to calculate the +/– 50% and 200% lines:

Once calculated, the lines are plotted as horizontal lines in the subsequent interval on the price chart.

The display of each line can be turned on or off, in the following example only the **Mid Line** and **Upper** and **Lower Lines** are displayed:

The dotted **Mid Line** is the **Pivot Point** level which if crossed may indicate a change in direction.

The **Upper** or **Lower** lines, calculated using the range of the previous interval, provide support or resistance lines. If they are strongly crossed, it may be a confirmation of a change in direction.

The **Pivot Point** indicator has a four tabbed page dialog box.

The only parameter to be set is the **Time Frame**, or interval, over which the **Pivot Point** lines are plotted.

The default is **Weekly**.

Users can choose between **Daily, Weekly, Monthly, Quarterly** and **Yearly**.

The **Plots** for all seven lines can be individually set:

Select each line from the drop down menu and use the **Color, Line Type** and **Weighting** commands to define its individual display.

Un-check the **Visible** check box to hide the individual line.

The controls in these two tabbed pages are common to many indicators and do not affect the calculation of the Pivot Point lines.

For more information, go to the Common Indicator Properties topic.

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