SigmaForex Pivot Calacuator

Pivot Calacuator

There are many ways to find support and resistance price levels, but one good and fairly easy to use "Pivot Points". You find them using a "Pivot Calculator"

Why use IT ? They are a long proven, reliable, widely used predictive tool that helps take a lot of the guesswork out of determining exactly where and when to enter or reverse a market position. When entering a basic simple entry, Pivot levels help to you determine in what direction you should go. And they will go a long way to calm fears when trading in real cash.

Pivot points, a technique developed by floor traders, help us see where the price is relative to previous market action.

Pivot Points: Pivot point is a level in which the sentiment of the market changes from “bull” to “bear” or vice versa.

Pivot Points:
P = Pivot
R1 = Resistance level 1
S1 = Support level 1
R2 = Resistance level 2
S2 = Support level 2
R3 = Resistance Level 3
S3 = Support Level 3

MACD with RSI:

The MACD proves most effective in wide-swinging trading markets.
Crossovers: the basic MACD trading rule is to sell when the MACD falls below its signal line.
Average Convergence/Divergence rises above its signal line.
It is also popular to buy/sell when the MACD goes above/below zero.
Overbought/oversold conditions: The MACD is also useful as an overbought/oversold indicator.
When the shorter moving average pulls away dramatically from the longer moving average (i.e., the MACD rises), it is likely that the security price is overextending and will soon return to more realistic levels.
Divergence: An indication that an end to the current trend may be near occurs when the MACD diverges from the security. A bullish divergence occurs when the Moving Average Convergence/Divergence indicator is making new highs while prices fail to reach new highs.
A bearish divergence occurs when the MACD is making new lows while prices fail to reach new lows. Both of these divergences are most significant when they occur at relatively overbought/oversold levels.
Zero Line Crossovers: A crossing of the MACD line up through zero (the centerline) is interpreted as bullish, or down through zero as bearish.
Some analysts choose to buy or sell when the MACD goes above or below zero.
The RSI indicator ranges in value from 0 to 100, with numbers above 70 indicating overbought conditions and fewer than 30 indicating oversold

Signals to buy:
When the MACD rises above the Signal line & above Zero
When the RSI rises above 30
Signal to sell:
When the MACD falls below the Signal line & below zero
When the RSI below 70