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thinkorswim Pivot Confluence 04/27/09

Confluence of monthly, weekly, and daily pivots.

  1. Eric Purdy
    YAPS!….yet another pivot study. Folks are requesting these so I keep doing them…. In this particular case we have a study that looks at the monthly, weekly, and daily pivot levels, makes a comparison and only plots the levels that are within a specified percentage of each other. In other words, we are looking for confluences of the various time-frame pivots as more likely to provide support and resistance. pivotconfluence.png