Indicator Support - Resistance allow to make appear graphically pivot price of values, generally corresponding to horizontal levels of resistance and support.

Instead of introducing volumes traded on a daily basis, this indicator combines them by listing quotations over the historical period chosen. Volumes then appear as a horizontal bar, floor along the vertical scale of price, enhancing levels corresponding to the maximum volume traded. These maximum levels are called pivot price.

Example

Interprétation

Les cours pivôts correspondent aux cours pour lesquels les volumes ont été les plus importants depuis le début de l'historique de la valeur.Compte tenu de leur poids, ces cours pivôts s'assimilent à des niveaux de résistance ou de support.
Lorsqu'un cours pivôt est franchi à la hausse ou à la baisse, une nouvelle tendance se dessine. Respectivement à la durée historique choisie, la tendance correspondra à du court, moyen ou long terme.

Pivot prices correspond to prices for which the volumes were the highest since the beginning of the history of the value. Due to their weight, these pivot price are assimilated to levels of resistance or support.
When a pivot price is overran on the rise or the fall, a new trend is emerging. Respectively to the historical period chosen, the trend will correspond to short, medium or long term.

Remarks

At the crossing of the pivot price, it is advisable to correlate the signal with another trend indicator.