IndicatorsIntermediate
Pivot points
Levels calculated from the previous period's high, low and close: a pivot, resistances (R1, R2) and supports (S1, S2).
- What it means
- Because many traders watch the same levels, price often reacts at them.
- What to watch
- How price behaves at the pivot, R1 and S1; reference points, not walls, mostly for short-term trading.
- How Compass-Alpha uses it
- Background only; not used in any figure on Compass-Alpha.
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MACD
Moving Average Convergence Divergence: the gap between a fast and a slow average, with a signal line.