Intraday pivot points

Johnathan Paul
When trading pivot points, many of the same rules are in force as with other types of support and resistance trading techniques. What you'll learn. Camarilla equations are used to calculate intraday support and resistance levels using the previous days volatility spread. (Explore: Candlestick Trading Strategies) Trading Tools Pivot Points. The central Pivot Point represents the intraday point of balance between the buyers and sellers and is usually where the largest amount of trading volume takes place. This technique is commonly used by day traders, though the concepts are valid on various timeframes. Just like good ole support and  NIFTY Fibonacci Pivot Point Calculator, NIFTY Camerilla Pivot Point Calculator, NIFTY Woodie. Pullback Trading Strategy – Pivot Points – Intraday Trading Strategies In my experience, most Pivot Points work well and in the long run it does not matter which one you choose. Daily Pivot Point Level Table Of Nifty-50 Stocks For Intraday Stock Trading. Pivot Point Trading Using pivot points as a trading strategy has been around for a long time and was originally used by floor traders. Weekly Pivots Indicator is separate - Link is Below. In general, the accuracy of Pivot Points is not as high as hand-drawn support/resistance levels. Daily pivot points are useful for swing trading; while 4 hour pivot points are useful for intraday trading. Very useful from Intraday Trading perspective. Fisher, into Chinese  15 Apr 2015 For this reason, the standard pivot indicator is ideal for planning short intraday trades or just optimizing an entry or exit point for a trade of any  Highcharts - Interactive JavaScript charts for your web pages. Intraday Trading is a vast subject, and i can write hundred of posts on same, but this post will only discuss basic tips. Commodities Pivot Points Forex Pivot Points; Add Us To Google +1 - Like or Tweet Us! Before buying any common stock, the first step is to see how money has been most successfully made in the past,” says Philip A. Pivot Points. Camarilla equations take previous day’s high, low and close as input and generates 8 levels of intraday support and resistance based on pivot points. MCX Trading as per Support and Resistance Levels is also quite helpful for daily commerce in mcx commodities. Floor traders use pivot points to find intraday support/resistance levels. Pivot Points for Amibroker AFL – Pivot Points for Amibroker AFL is saying everything, Formula for intraday traders. Intraday Indicators The intraday indicator graphs below use current market data to provide an estimate for the closing indicator values for the VXX Bias and VRP signals from the Daily Forecast page. Today, we will review how to scalp intraday reversals and ranges using Camarilla pivot points. We will briefly explain each of these below. These 3 pivot point strategies are just a few of the many pivot point strategies that traders use to take advantage of these strong horizontal support and resistance levels. So, today's Pivot After going through a lot of turbulence and ups/downs, i created a list of tips for myself. On a literal level, the Pivot points are basically an average point when you consider the high, low and closing prices from the last trading session. 1 min Scalping with Pivot Points - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast I will try to share most precise and effective way to use pivot level strategy on intraday charts. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can be an effective trading tool. Pivot points are used as an example to trade on an  pivot point calculator for advanced intraday trade,Download free e-book and video lecture on intraday tricks,pivot construction and termination is explained in   Hello All, I'm looking to create a basic Thinkscript study (or hire someone to code it up) for intraday Pivot Points (simple [H+L+C]/3) derived from. By definition, if the intraday low is the 1st Support Point (1496. If the market opens above the pivot point then the bias for the day is long trades Using Woodies Pivot Points as Trading Strategy As we have discussed above Pivot is the trend deciding level for a particular day so we can derive 3 basic rules for trading with pivots If the market/Stock trades above the pivot point then the bias for the day is on long side ie. 1098, 1. The pivot point itself is simply the average of the high Pivot points are often factored into algorithm and high frequency trading programs. S3 and R3 are turned off by Default - You can Activate Them In The Inputs Tab. Name Close Price Pivot Intraday Trading System. And, sure enough, pivot points are readily applied to trading currency futures. To this point, once I included pivot points in my trading it was like going from the dark and stepping into the light. Pivot points are one of the most widely used indicators in day trading. This article looks at how to use pivot points in trading stocks and forex on an intraday timescale and gives some recent examples of pivot points in action. Les points pivots sont une technique classique d'intervention en Bourse que Notez cependant que lorsque S3 est cassé en intraday, on a une grande  Pivot points are one of the most widely used indicators in day trading. Camarilla AFL code for amibroker is posted here as per request from one of the regular member of marketcalls (Mr. Blue Chip Shares Futures & Option Shares Midcap Shares Download this report . Berikut ini contoh setting indikator pivot point untuk teknik intraday trading: Pivot point yang digunakan untuk teknik trading intraday adalah Daily pivot point dengan timeframe 15 menit. 1093, 1. If using through pivot point how much the success rate? Pivot Points site and plug it and your high and low (from your intraday ES chart) into a simple Xcel with the formulas below. 8 Oct 2012 Pivot points or levels are important tools that can be used in Forex and stock trading, specially for the intraday traders. Since the Forex But if you want to take full advantage of the power behind the pivot points, you need to learn how to trade with Pivot Points the right way. 1135, 1. Camarilla Pivot Points is a very popular Intraday Trading method originated in 1989 by Nick Scott. Intraday Trading Systems With End Of Day Data: Pivot Points Study This post looks at a couple of intraday trading system ideas using End-of-Day price data and pivot points. Pullback Trading Strategy - Pivot Points - Intraday Trading Strategies. Intraday buy sell levels, select stocks for Intraday,Top gainers,Long builtup,Short builtup ,Open interest gainers scanner Hello there. This is quite an effective intraday trading formula. There are  Pivots Points are price levels chartists can use to determine intraday support and resistance levels. The Pivot Points indicator is used to identify intraday support, resistance and targets. Pivot Points are very eagerly watched for Intraday Trading support and resistance levels for the day based on the previous day data. Using Pivot Points to Trade Potential Breakouts. 21 Jun 2019 Indicator which almost accurately predict intraday top bottoms with daily pivot points, support & resistance levels. These Intraday Options were Requested … Pivots, Patterns, and Intraday Swing Trades, + Website: Derivatives Analysis with the E-mini and Russell Futures Contracts 1st Edition Use this calculator to instantly calculate Pivot points for Intraday trading. Pivot Points Calculator - Forex Tool for Building Pivot Points On-line, Pivot Point Calculator is a must tool to help you calculate strong resistance and support areas for stocks, futures, commodities, forex and ETFs. Learn how to find areas of price exhaustion for high probability  The support and resistance (S&R) are specific price points on a chart which are . 1294, 1. Trading Intraday Market Reversals. Intraday MCX Crude Oil & MCX Natural Gas Support and Pivot Level. the one on TradingView is mentioned in the last line on the first post. Pivot points are support and resistance levels that are calculated using the open, high, low, and close of the previous trading day. Pivot Points Summary. 1357, 1. The pivot point itself is the average of the high, low and closing prices from the previous trading period. Pivot Points use the previous days Open, High, and Low to  15 Feb 2019 This study draws the Pivot Point and the Support and Resistance lines on an Intraday chart. Provides better accuracy than other metatrader indicators. Day trading success with WD  Amazon. The first and most significant level of support (S1) and resistance (R1) is obtained by recognition of the upper and the lower halves of the prior trading range, defined by the trading above the pivot point (H − P), and below it (P − L). Commodity Online Pivot Point provides trend of commodity market, enables you to trade efficiently on commodities, with Support and Resistance from Commodity Online. * The black pivot point is the current stock price. John Person’s candlestick trading approach uses pivot points for confirmation. Below is a 15-minute chart of EUR/USD. Plot one Pivot Level or Multiple at the Same Time via Check Boxes in the Inputs tab. Classic Pivot Points. Purple Line = Pivot Point Green Line = Intraday Support Red Line = Intraday Resistance. com: Pivots, Patterns, and Intraday Swing Trades, + Website: See and discover other items: day trade, day trading stocks, day trading, pivot point. Any trade back above the Pivot  Pivot Points Calculator - Forex Tool for Building Pivot Points On-line, Pivot Point Calculator is a must tool to help you calculate strong resistance and support  9 Jan 2014 Use candlestick and pivot points to construct a potent day trading strategy. Enter Symbol . Pivots Points are price levels chartists can use to determine intraday support and resistance levels. Pivot points are used by traders as a predictive indicator and denote levels of technical significance. The AFL will plot the Pivot Points for the day on an Intraday Chart. But i would say that this afl for all those people who want to trade again n again n again daily for small profits, that means this afl formula is for scalpers. Here is a tutorial of the pivot point bounce trading system. VXX Bias Intraday Intraday pivot points in thinkscript, specific timeframes Hello All, I'm looking to create a basic Thinkscript study (or hire someone to code it up) for intraday Pivot Points (simple [H+L+C]/3) derived from discrete timeframes during the day. Some commonly used type of pivot points are - Camarilla, Fibonacci, Demark and Woodie. Pivot Point Calculator is an easy to use application that calculates the pivot point. 1279. Pivot Point is actually a technical indicator which is used in Pivot Point: A pivot point is a technical analysis indicator used to determine the overall trend of the market over different time frames. I like it for its simplicity and above all its effectiveness. Since we are using Fibonacci Indicator in this Pullback Trading Strategy, you can look into Fibonacci Pivots as well. If you do some research about the Pivot Points, you will find it really useful to have them on the charts even if you follow a different trading system. Long term S&R – is useful for swing trading; Short term S&R – is useful intraday and BTST trades . Sir, In the developing pivots you are giving tomorrows pivot point today. Mark Moskowitz: I am an intraday trader, mostly equities, long and short sided, and I’m almost 100% technical in my nature of trading. Testing using intraday data on the 1-minute scale through both bull and bear markets shows that pivots using the standard formulas for pivot points works from 51% to 60% of the time. Day Trade support & resistance calculated with Pivot point of NIFTY 50 stocks. 24 Oct 2013 Pivot Points are theoretical support and resistance levels based on the previous day's open, high, low and close values: PP,R1,R2,R3,S1,S2  I will try to share most precise and effective way to use pivot level strategy on intraday charts. How to use Pivot Points for Range Trading Partner Center Find a Broker The simplest way to use pivot point levels in your forex trading is to use them just like your regular support and resistance levels. Camarilla Pivot Points is one of the most popular Intraday Trading techniques used by beginners and professional traders. In other words, Pivot Points for today's intraday charts would be based solely on yesterday's high, low and close. This pivot point table based on the price of previous day trading session as date mentioned on the top of the pivot table. This is called intraday trading formula using pivot points. Submit by Janus Trader Intro: Pivot points are a popular tool used by traders in all sorts of markets. Standard Pivot Points Forex strategy is used only one day lines therefore this technique is the most useful for intraday trade. Longer term pivot points provide an idea of where key support and resistance levels Pivot points have long been used by floor traders to establish intraday support and resistance levels. Pivot Levels can be calculated based on Classic, Camarilla or Woodie based formulae. We have also created Camarilla Pivot Points Excel Sheet for all F&O stocks in NSE. PP is the Pivot Point, R1,R2,R3 are resistance levels, and S1,S2 and S3 are support levels. The blue line is the "Pivot Point line which is a good basic indicator of which direction the stock will be headed. MAKE 5% PROFIT DAILY To learn OUR strategy please contact us here- Website - http://velocitrad The Pivot Point Calculator is used to calculate pivot points for forex (including SBI FX), forex options, futures, bonds, commodities, stocks, options and any other investment security that has a high, low and close price in any time period. Fisher, pioneer of growth investing, in his acclaimed book Common Stocks and Uncommon Profits. EOD pivot points based on weekly, monthly and yearly data Besides intraday pivot points, end-of-day ones do exist. 10 and we will use this the next day as an intraday trend indicator. Now, let us discuss an intraday trading formula which has a good probability of earning profits if followed properly. Exchange . Day trading originated with floor traders. If the price Calculating pivot points is a method for estimating support and resistance levels and seems best suited to short term trading. NIFTY Fibonacci Pivot Point Calculator, NIFTY Camerilla Pivot Point Calculator,NIFTY Woodie NIFTY Pivot Points,NIFTY Fibonacci Pivot Points, NIFTY Camerilla Pivot Points,NIFTY Woodie's Pivot Points Toggle navigation When it comes to intraday trading, Pivot Points are an indispensable tool. Day trading success with WD Gann mathematics. Once Pivot Points are set, they do not change and remain in play throughout the day. Pivot Points for 1-, 5-, 10- and 15-minute charts use the prior day's high, low and close. Pivot points are calculated using the high, low and close prices of a previous day, week or Our team at Trading Strategy Guides will outline why using pivot points is so important! Pivot Points are derived based on the floor trading guys that used to trade the market in the trading pit. There are several methods of identifying the exact points. Pivot Points The chart below identifies the daily pivot point, support, and resistance levels for SVXY and SPY. Pivot Points use the previous days Open, High, and Low to calculate a Pivot Point for the current day. We can do everything with just three tools: pivot points, tick and vwap. Longer term pivot points provide an idea of where key support and resistance levels Pivot Point analysis is a technique of determining key levels that price may react to. Pivot Points, otherwise also known as Pivot Levels, are the support and resistance indicators by which you can calculate and draw the chart without much struggle. The Intraday charts and the Pivot Points The best way to get into these trends is to find a pullback on an intraday chart, like the 30m, 1hr or 4hr charts. Pivot points are calculated based on previous days open , high and close . It’s important to know this fact to appreciate the value pivot points can bring to your trading. 75), there is a Bullish High Probability Trade in the making. 1097, 1. A pivot point is a price level which is used to forecast significant market support and resistance based on the prior day’s trading range. These are a static price tool, which can and should be combined with a dynamic trending tool like moving averages and a Pivot Points Trading Meaning. Pivot Point Indicator is good for showing you intraday, daily, weekly and monthly Support & Resistance calculated lines. Defaults to 4 Hour Pivot Levels - Adjust in Inputs Tab. We'll show you how to calculate these numbers and use them in your trading. If you apply the Pivot Points study to an Intraday chart, then you will need to open a Historical Daily for the same symbol in the same Chartbook using File >> Find Symbol, and set the Daily Chart Number Input with the Pivot Points study to the Historical Daily Chart which has been opened. So above you can see the different lines that the Pivot Points study overlays on the chart. Veer). In this paper, we apply a trading strategy based on the combination of ACD rules and pivot points system, which is first proposed by Mark B. Other pivot formulas work better (Modified pivots: up to 61% of the time) and worse (Fibonacci pivots: 28% to 36% of the time). Apply. List is updated daily to help day traders to trade with 3 support & resistance. Here we see EUR/USD made a strong rally throughout the day. The pivot points generated using Camarilla equation are used to generate Intraday levels for the stock using the High,Low,Close values from previous day. 1113, 1. They are only valid as support and resistance levels for intraday trading. Pivot points are calculated using the open, high, low and close of the previous trading day. Support 2 = Pivot - (R1 - S1) Support 3 = Low - 2*(High - Pivot) As you can see from the above formula, just by having the previous days high, low and close you eventually finish up with 7 points, 3 resistance levels, 3 support levels and the actual pivot point. 1192, 1. Introduction The pivot point is the level at which the market direction changes for the day. * The three pivot points in the middle represent the moving averages. This is based on Fibonacci retracement and extension levels to calculate the various resistance and support levels for the price movement. For 2 years I traded this system Exclusively and made a nice living. R1, 1. * The green pivot point to the far right is the 52 week high. Most trading platforms have pivot point studies that can be added onto any chart. Pivot points are calculated in different ways, but they are basically places where price is likely to change direction. Kevin Horner: So here, everyone, this is absolutely right. Pivot Point Calculator on nifty trader helps you calculate resistance and support levels using Classic, Woodie's, Camarilla, DeMark's & Fibonacci formulas. There are a number of applications and chart platforms that calculate the Pivot Points for you, but we’ll go through the basic calculation as well. Pullback Trading  In financial markets, a pivot point is a price level that is used by traders as a possible indicator of market movement. 1590. Learn Forex – USDCHF Pricing Range. This is really an entry opportunity that I look at when I'm considering entering a position, especially on my initial entry. 1159, 1. We already know that the Pivot Point for the 2nd May was 5164. About pivot points. Pivot points are found by a simple calculation which involves the open,high,low and close  Camarilla equations take previous day's high, low and close as input and generates 8 levels of intraday support and resistance based on pivot points. This was a nice simple way for floor traders to have some idea of where the market was heading during the course of the day with only a few simple calculations. We have already introduced this method in one of our previous posts with an online calculator. Please feel free to experiment with pivot points either as a reference for target levels or as a potential signal of market trend. of the daily charts and then apply those to the intraday charts (for example, hourly, every 30 minutes or every 15 minutes). The general interpretation of pivot levels however are not set in stone. A pivot point is calculated as an average of  EURUSD, H, 4H, D, W, M. Camarilla AFL code in mainly used by intraday traders and it is used as an alternative to pivot points. Indicator which almost accurately predict intraday top bottoms with daily pivot points, support & resistance levels. For those who are not very much aware with AFL usage by Copy/Paste method here is a small description. The beauty of using pivot points is that you have three clear levels: (1) where to enter the trade, (2) where to exit the trade and (3) where to place your stop. We will use the 30m chart or this example although the pivots should not change as long as you are on any intraday time frame. So i wanted to know whether we can take positions in options for “In the money , At the money and Out of the money ” strike prices in relevant Nifty and Stock options accorgingly ? The pivot point bounce trading system uses a short-term time frame and the standard daily pivot points, and it trades the price moving toward, and then bouncing off of, any of the full or halfway pivot points. 1101, 1. Pivot Points are also commonly used to find likely Support and Resistance levels. It’s my understanding that the Pivot Point indicator offered on the Ninja Trader platform uses the market close to establish levels and not the settlement price required for futures trading. - Note that indicator values are estimates only and may not exactly match the indicator readings at the end of the day. There are however, many variations in the pivot points. Learn Powerful Pivot Point Day Trading Strategy; Learn the art of minimizing the risk and maximizing the return with Pivot Points; Make quick profits in intraday FREE DOWNLOAD Pivot Point Calculator indicator Intraday Trading Support Resistance I will discuss the strategies and problems associated with pivot points some Index Pivot Points Daily Pivot Points and Camarilla Levels: More pivot points. Readers will be aware that I use Amibroker and Norgate Premium Data to construct trading systems and test trading ideas. With the advancement in technology today, there are various pivot Meta Trader (MT4) indicators available with the commonest being Pivot Point Indicator for Meta Trader 4. Pivot Points are calculated using the Open, High, Low, and Close prices for the previous period. Pivot Point Intraday trading strategy Forums › ProRealTime English forum › ProOrder support › Pivot Point Intraday trading strategy This topic contains 9 replies, has 3 voices, and was last updated by Jessar 1 year, 11 months ago . Intraday Trading Formula Using Pivot Points. Most traders who use Pivot Points are intraday traders. Developed by Floor traders at a time when Pit trading ruled the roost, the system has stood the test of time and is still being used by many electronic traders throughout the world. Pivot points are price levels calculated using the high, low, and close of the last trading session. - During market hours the chart displays yesterday's intraday prices and pivots, today's intraday prices and pivots, and tomorrow's preliminary pivot points. Pivot points are a classical intervention technique in the Stock Market. PIVOT = (High + Close + Low)/3 This Pivot Points Trading Strategy is based on statistical analysis over 12 years of data, across 3 popular currency pairs. 1096, 1. Trading with pivot points Bramesh Bhandari. It supports numerous Pivot Point formulas. I use just one strategy which is looking at basic pivot points. In this review, we are using a simpler version of his trading strategy. I would like to include institutional pivot points on my chart; Daily Pivot Point, R1, R2, R3, R4 – S1, S2, S3, S4, as well as intraday pivot levels. Pivot Points are a day trading tool, and therefore typically applied to chart time-frames of 15-minutes or less (1-min, 5-min, etc). Before going further i would like to mention two important things in relation to pivot strategy: 1. Let’s take a look at a chart to see potential breakout trades using pivot points. The result is a simple to apply intraday . My next post will be on how to shortlist stocks for Intraday Trading? 5 Tips for Intraday Trading. Instead of using the previous session data to calculate levels for today, we can use the previous week or month data to create pivot levels that can be applied to the current week or month. > Read more about pivot points This Camarilla Intraday Calculator automatically calculates the Intraday Camarilla Points for All the latest FnO Stocks. Suffice to say they are extremely important as far as day trading is concerned. Please find it here. MCX Commodity Support & Resistance. A Daily chart is a chart where each bar covers one day. Intraday Support & Resistance By Pivot Point in Indian Stock Market. Most people use daily and weekly pivot points especially for intraday trading to pick out good reversal points in the market. R3, 1. There are 4 levels above pivot point and 4 levels below pivot points. Pivot Points are a type of support and resistance levels that are used by many intraday and short term traders. Floor Trader’s Pivot Points (Standard Pivot Points) Floor Trader’s Pivot Points are the most popular pivot points among traders. Previous day data is considered important as this is the very recent data and traders always keep keen eye on this data. In fact, regardless of which trading strategies you use, pivot points can be a strong addition – especially for intraday trading. The first way is to determine the overall market trend. Intraday Trading Using Advanced Camarilla, The incredible Camarilla Equation, Intraday Trading Using Camarilla Levels, Nifty stocks camarilla levels for day trading, Live camarilla pivot point level for trading in stocks bank nifty. 1480. There is considerable variation especially in Bank Nifty regular pivot points and developing pivot points. There is some difference in which 24-hour time frame to use to compute the daily open, high, low, close numbers. Custom Pivots Indicator - Plots Yearly, Quarterly, Monthly, Weekly, and Daily Levels. Identify Strong Stock Trend: Pivot Points are also expected to provide some kind of support or resistance, and if price can't break any of the associated R or S levels, a possible bounce from it is plausible. R2, 1. If the pivot point price is broken in an upward movement, then the market is bullish. This video explains PIVOT POINTS which are used in intraday trading for profitable strategy in stocks, futures, options, currency and commodity trading. Equity Futures Options MCX Commodities. Menggunakan kombinasi dua pivot point, dengan penghitungan metode Fibonacci (garis merah muda pada chart dibawah) dan De Mark (garis biru pada chart dibawah). Symbol Daily S3 Daily S2 Daily S1 Daily PP Well, one technique I like to use intraday is to use the pivot point as a trend indicator. support and resistance levels intended to find intraday turning points in the market. It's as easy as entering the High, the Low, the Close and clicking the Calculate  9 May 2015 This article looks at how to create intraday trading systems using end-of-day EOD data. Pivot points tend to function as support or resistance and can be turning points. . Buying is advisable. * The last column of pivot points are the Fibonacci retracements and extensions NSE & BSE Equity Pivot Points. Pivot points are calculated using the high, low and close prices of a previous day, week or Lee Bohl: Let's take a look at what are called pivot points on the intraday charts and maybe you can explain to us what they are and how you use them here. Before going further i would like to mention two  Basic pivot point intraday trading strategy Forums › ProRealTime English forum › ProOrder support › Basic pivot point intraday t… 16 Mar 2019 The pivot point also includes other support and resistance levels that are In other words, Pivot Points for today's intraday charts would be  The simplest way to use pivot point levels in your forex trading is to use them just like your regular support and resistance levels. The way bankers trade is totally different. Pivot Point trading is the most basic in trading and lots of traders use this so market finds support and resistance at Pivot Levels. Fibonacci Pivot Points represent the mean value of the high, low and closing price of the period for which we wish to calculate the pivot point. professional tool for day traders, which also predicts time zones for market trend change. Pivot points (PP), Resistance (R1 R2 R3) or Support (S1 S2 S3) are impressive because of the clear indications they can give the trader. Using this Pivot Point as the base, three resistance and support levels are calculated and displayed above and below the Pivot Point. 1. The tool provides a specialized plot of seven support and resistance levels intended to find intraday turning points in the market. Traders often place stop orders at or near pivot points. The Pivot levels can be used as the price filter not to buy under the strong level of resistance and not to sell about support - it also actually for a scalping. Pivot points are found by a simple calculation which involves the open,high,low and close for the previous day of any particular stock or index. Use daily live pivot levels as support and resistance for day trading. Also includes the Camarilla Pivot Values for the Nifty and Bank Nifty indices. * The red pivot point to the far left is the 52 week low. I mean Pivot Points can be used mainly for intraday trading. FOR OPENING ACCOUNT IN ZERODHA LINK BELOW BEST INTRADAY TRADING STRATEGY FOR FREE BASED ON PIVOT POINTS. This is a simple average of the high, low and close. Pivot Points are support and resistance levels that are calculated using the open, high, low,… Read More » Pivot points can be used in two ways. If a pivot point is Hello, I am in need of AFL in Amibroker, which can automatically draw Pivot Point Lines ie PP, S1, S2, S3, R1, R2, R3 on intraday charts based on previous days eod data. Free Stock market Intraday screener NSE. 1095, 1. The reason I created this indicator Vs. intraday pivot points

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