It is all in the settings, play with it. In contrary, if it goes above, then expect a strong market.
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Simply set these three prices in the Forex Pivot Point Calculator and it will give the values. Here are the used formulas for calculating daily pivot points: If the market opens above the pivot point then the bias for the day is long trades. If the market opens below the pivot point then the bias for the day is for short trades. The three most important pivot points are R1, S1 and the actual pivot point. The general idea behind trading pivot points is to look for a reversal or break of R1 or S1.
By the time the market reaches R2, R3 or S2, S3 the market will already be overbought or oversold and these levels should be used for exits rather than entries. Net Framework v2 is required to run the program. Free to download, use and distribute - no registration is needed. If you need help or have a question, contact us Would you like to update this product info? Is there any feedback you would like to provide?
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