How to use the Pivot Points indicator in Fixed Time Trading on Olymp Trade Platform?

Introduction: The Pivot Points indicator is a technical analysis tool that is used to identify potential support and resistance levels in the market. This indicator is especially useful for forex and fixed time traders who are looking to make more informed decisions about when to enter and exit trades. In this blog post, we will explain how to use the Pivot Points indicator in Fixed Time Trading on the Olymp Trade platform. How the Pivot Points Indicator Works The Pivot Points indicator calculates potential support and resistance levels using the open, high, low, and close prices of the previous period. These levels are represented by horizontal lines on the chart. The first level is known as the central pivot point, which is calculated by adding the previous period's high, low, and close prices and dividing by three. The second level is known as the first resistance level, which is calculated by adding twice the central pivot point to the previous period's low price. The ...