PZT POWER PIVOTS for TradeStation
Pivot Points for E-mini and Forex using specific trading sessions
PZT Power Pivots are used to display 14 key levels that are projected as a series of horizontal lines on the price chart along with accompanying text. Originally calculated by floor traders and market makers at the exchanges, pivots can provide significant support and resistance levels. Since E-minis trade during multiple session times, these custom pivots points are calculated by determining an overall high, low and closing price from two separate trading sessions. In addition, the previous day’s high, low, open and closing prices can be displayed as a horizontal line and as text. This indicator will not resize or otherwise interfere with the normal scaling of a price chart.
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