Pivot Points are used by many traders, and they often act as levels of support and resistence. This TOS indicator plots pivot points and pivot midpoints from up to four different time frames, all on one chart. It can calculate daily pivots, weekly pivots, monthly pivots, and quarterly pivots, as well as the midpoints for each of these time frames. Midpoints are shown as dotted lines. You have the ability to toggle showing each of these time frames on and off individually, and you can turn the midpoints on and off.
This indicator can be used with stocks, futures, and forex on any time frame, but it does not work on tick or range charts.
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