Pivot Points

Beginner Questions
1

Hello
I am quite new to this trade. I am currently using one hour charts to trade. I want to incorporate pivoting to my trading system. But i am not quite sure how i should calculate that. Should i calculate daily pivoting and use it for one hour? or should i calculate for one hour, then i am not sure whether i should change the values each hour. Please advise
or is there a indicator which calculates pivotin for one hour which i can use. my broker doesnt provide the pivot calculation in the platform.
Thank you-

2

Daily or weekly pivots would be the better choice for trading off the one hour chart.

3

Is there any indicator which calculates them automatically?
ty

4

Best I’ve found so far.

FXI Pivots.zip (21.8 KB)

5

I use this one - also shows mid-pivot points… just another option, I like to try several to see what I like best.

6

thank u very much !

7

One more question. I am currently trying out USD/CHF, EUR/JPY and USD/AUD. r these currencies more into ranging or trend based strategies? Do u think pivoting will be useful in identifying potential support and resistance level for hourly trading in these currencies? any advice? ( I am using some indicators as well to determine the entry points)
thank u