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Mar 16
Woodie's Pivot Point
Saturday, 22 May 2010 05:03

One of the main differences between Woodie’s and other calculators are the value of Current open price. The use of current open price is mainly use in the Woodie’s pivot point for accurate result. The closing price has a greater influence in Woodie's PP because its base on the Exponential Moving Average. Many forex traders’ believes that the values of high and low prices are the result of emotions in the heat of the battle. The Woodie's Pivot point required the value of High, Low, Close and Current Open Price.

 

 

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