Pivot Strategy - RTY/M2K
*Yearly License
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Breakdown
- A pivot is an important price level to a trade on a chart.
- Pivot points are calculated levels that indicate whether a trader should be bullish or bearish, as well as provide potential profit targets.
- Pivots and pivot points provide traders with information about where the price could head next, help them make trading decisions, or generate trade signals.
Understanding The Pivot Strategy
A pivot can be area that a trader view as important, such as weekly high or low, daily high or low, a swing high/low, or a technical level.
Pivot points are calculated levels. Floor traders originally used a pivot point to establish important price levels, and those are now used by many traders. After analyzing data from the stock’s historical price, a pivot point is used as a guide for how the price may move. Other calculations provide support and resistance levels around the pivot point. Pivot points can be calculated based on various time frames, therefore providing information to day trading, swing traders, and investors.
When the price is above a pivot point it is considered bulllish, when the price is belwo the pivot point it is considered bearish. Levels above the pivot point are calculated and called R1 and R2, with the R standing for Resistance. Levels below the pivot point are calculated and called S1 and S2, with S standing for Support.
How it works
1) Download Strategy
After completing your purchase you'll create an account on Arch Public. From there you can download your Strategy and several other valuable resources.
2) Set up TradeStation
We've partnered with TradeStation and their award-winning platform. When you sign up using our link you'll receive 50% off fees, forever. Once your TradeStation account is up and running you will be able to install the Strategy.
3) User-Driven Automation
From within the TradeStation platform you'll be able to adjust your risk parameters and turn the automation on or off.