Signals:
In an uptrend look for the indicator reversal points below zero to go long.
In a downtrend look for the indicator reversal points above zero to go long.
Trend identification:
A rising ROC typically shows uptrend and crossing above zero line confirms the uptrend.
A falling ROC typically shows downtrend and crossing below zero line confirms the downtrend.
A pivot point is a technical indicator to identify trends and reversals in any market.
Pivot points are calculated to determine critical levels in which the price could find its support and continues in the same direction or change from bullish to bearish, and vice-versa.
We can use Pivot points to find
entry,
stops,
and profit-taking by trying to determine...