Pivot Point
The Pivot Point is used as a support and resistance level & Predictive indicator
Shubhlaxmi · com.shubhlaxmi.pivot.points
UpdatedSep 20, 2024
PublishedNov 2, 2021
Packagecom.shubhlaxmi.pivot.points
MD5e8f0fb0904b332f756ebd9819fa72ffb
SHA1 (signer)FC:28:1A:36:86:38:7B:E0:F7:D1:C3:8B:9D:64:61:7B:5E:2D:2A:52
Signed byCN="shubhlaxmiinvestmentgmailcom/C=US"
Architecturesx86, x86-64, armeabi-v7a, arm64-v8a
Malware scanTRUSTED
Contact[email protected]
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What's new
Compatibility with Android 13
Description
Pivot Point:
A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices. The pivot point is used as a predictive indicator. If the following day's market price falls below the pivot point, it may be used as a new resistance level. Conversely, if the market price rises above the pivot point, it may act as the new support level.
Support (Buy Level):
A support level is a price level where the price tends to find support as it is going down. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, even by a small amount, it is likely to continue dropping until it finds another support level.
Resistance (Sell Level):
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, even by a small amount, it is likely that it will continue rising until it finds another resistance level.
Pivot Point Advantage:
The main advantage of this the pivot point is that it is price-based as opposed to indicator-based. By the time most indicators generate a buy or a sell signal, the pivot point move is already well under way. By following this price-based methodology, I will get into a trade before the indicator-based traders, and I usually end up handing off my position soon after a buy or sell signal is being generated on a stochastic or other oscillator type system. The pivot point is especially true on choppy days. On choppy days, it's the indicator-based traders that get taken out back and shot. Pivot points are set up to naturally take advantage of their mistakes.
The pivot point is also a good system for traders who don't have time to stare at the charts all day long, or for traders who have a bad habit in chasing the market higher and lower. Playing the pivot point automatically creates trader discipline because the entries and exits are pre-determined before the trading day even starts.
Pivot Point Tool:
The other thing I like about the pivot point is that they can be used as a tool to quickly determine what kind of trading day it's going to be. On a trending day, markets will move to a pivot level, consolidate for 15-20 minutes, and then continue to march in the direction of the trend. On these days I wait for the move through the pivot point level, and then buy the first pullback to that level. On choppy days, however, the markets will move up to a pivot point level, hang around for a short time, and then drift back in the direction from whence they came. Many traders get "chopped up" during these types of trading days, losing money and making their brokers rich in the process. The pivot points are naturally set up to be faded on these days, and are one of the few profitable ways to trade the low volume, narrow range chop.
Pivot points are mainly used by day-traders to forecast the current day's support and resistance levels based on the previous day’s high, low and close levels. They are regularly used by chartist and technical analysts as an indicator which is often unbelievably accurate
To learn more about us and our products, please visit www.shubhlaxmicommodity.co.in
All feedback and suggestions are welcome. You can reach us via email ([email protected]) or the contact feature within the app.
A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices. The pivot point is used as a predictive indicator. If the following day's market price falls below the pivot point, it may be used as a new resistance level. Conversely, if the market price rises above the pivot point, it may act as the new support level.
Support (Buy Level):
A support level is a price level where the price tends to find support as it is going down. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, even by a small amount, it is likely to continue dropping until it finds another support level.
Resistance (Sell Level):
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, even by a small amount, it is likely that it will continue rising until it finds another resistance level.
Pivot Point Advantage:
The main advantage of this the pivot point is that it is price-based as opposed to indicator-based. By the time most indicators generate a buy or a sell signal, the pivot point move is already well under way. By following this price-based methodology, I will get into a trade before the indicator-based traders, and I usually end up handing off my position soon after a buy or sell signal is being generated on a stochastic or other oscillator type system. The pivot point is especially true on choppy days. On choppy days, it's the indicator-based traders that get taken out back and shot. Pivot points are set up to naturally take advantage of their mistakes.
The pivot point is also a good system for traders who don't have time to stare at the charts all day long, or for traders who have a bad habit in chasing the market higher and lower. Playing the pivot point automatically creates trader discipline because the entries and exits are pre-determined before the trading day even starts.
Pivot Point Tool:
The other thing I like about the pivot point is that they can be used as a tool to quickly determine what kind of trading day it's going to be. On a trending day, markets will move to a pivot level, consolidate for 15-20 minutes, and then continue to march in the direction of the trend. On these days I wait for the move through the pivot point level, and then buy the first pullback to that level. On choppy days, however, the markets will move up to a pivot point level, hang around for a short time, and then drift back in the direction from whence they came. Many traders get "chopped up" during these types of trading days, losing money and making their brokers rich in the process. The pivot points are naturally set up to be faded on these days, and are one of the few profitable ways to trade the low volume, narrow range chop.
Pivot points are mainly used by day-traders to forecast the current day's support and resistance levels based on the previous day’s high, low and close levels. They are regularly used by chartist and technical analysts as an indicator which is often unbelievably accurate
To learn more about us and our products, please visit www.shubhlaxmicommodity.co.in
All feedback and suggestions are welcome. You can reach us via email ([email protected]) or the contact feature within the app.
Required features
- Faketouch android.hardware.faketouch
- Screen Portrait android.hardware.screen.portrait
Permissions (33)
Pivot Point requests the following Android permissions:
- Access Adservices Ad Id android.permission.ACCESS_ADSERVICES_AD_ID
- Access Adservices Attribution android.permission.ACCESS_ADSERVICES_ATTRIBUTION
- Access Adservices Topics android.permission.ACCESS_ADSERVICES_TOPICS
- Access Network State android.permission.ACCESS_NETWORK_STATE
- Ad Id android.permission.AD_ID
- Foreground Service android.permission.FOREGROUND_SERVICE
- Internet android.permission.INTERNET
- Post Notifications android.permission.POST_NOTIFICATIONS
- Read App Badge android.permission.READ_APP_BADGE
- Receive Boot Completed android.permission.RECEIVE_BOOT_COMPLETED
- Vibrate android.permission.VIBRATE
- Wake Lock android.permission.WAKE_LOCK
- Com Anddoes Launcher Permission Update Count com.anddoes.launcher.permission.UPDATE_COUNT
- Com Android Vending Billing com.android.vending.BILLING
- C2dm Permission Receive com.google.android.c2dm.permission.RECEIVE
- Finsky Permission Bind Get Install Referrer Service com.google.android.finsky.permission.BIND_GET_INSTALL_REFERRER_SERVICE
- Gms Permission Ad Id com.google.android.gms.permission.AD_ID
- Com Htc Launcher Permission Read Settings com.htc.launcher.permission.READ_SETTINGS
- Com Htc Launcher Permission Update Shortcut com.htc.launcher.permission.UPDATE_SHORTCUT
- Com Huawei Android Launcher Permission Change Badge com.huawei.android.launcher.permission.CHANGE_BADGE
- Com Huawei Android Launcher Permission Read Settings com.huawei.android.launcher.permission.READ_SETTINGS
- Com Huawei Android Launcher Permission Write Settings com.huawei.android.launcher.permission.WRITE_SETTINGS
- Com Majeur Launcher Permission Update Badge com.majeur.launcher.permission.UPDATE_BADGE
- Com Oppo Launcher Permission Read Settings com.oppo.launcher.permission.READ_SETTINGS
- Com Oppo Launcher Permission Write Settings com.oppo.launcher.permission.WRITE_SETTINGS
- Com Sec Android Provider Badge Permission Read com.sec.android.provider.badge.permission.READ
- Com Sec Android Provider Badge Permission Write com.sec.android.provider.badge.permission.WRITE
- Com Shubhlaxmi Pivot Points Dynamic Receiver Not Exported Permission com.shubhlaxmi.pivot.points.DYNAMIC_RECEIVER_NOT_EXPORTED_PERMISSION
- Com Shubhlaxmi Pivot Points Permission C2d Message com.shubhlaxmi.pivot.points.permission.C2D_MESSAGE
- Com Sonyericsson Home Permission Broadcast Badge com.sonyericsson.home.permission.BROADCAST_BADGE
- Com Sonymobile Home Permission Provider Insert Badge com.sonymobile.home.permission.PROVIDER_INSERT_BADGE
- Me Everything Badger Permission Badge Count Read me.everything.badger.permission.BADGE_COUNT_READ
- Me Everything Badger Permission Badge Count Write me.everything.badger.permission.BADGE_COUNT_WRITE
