HOW-TO Choose the Pivots to select for your MTP Decision Points

29 dic 2020

In this How-To video, we show you how to choose which Pivots to use when placing your MTP (MTPredictor) Decision Points (DP's) on your Chart.

The basic guidelines are, first choose the "last swing" into the previous high or low. Then, if that DP is exceeded, then choose the "previous major swing high or low." If the market is making new highs or lows, then choose the "last swing high or low in the same direction". Please do not choose every previous swing Pivots as this will result in support/resistance levels all over your chart, and as such will become meaningless.

If the Market makes two consecutive closes beyond the DP level, then the level is considered to have failed and the market trend is then assumed to continue in the original direction.

I hope you have found this helpful.