Originally Posted by scorpion
Ah, you forgot that the highest/lowest pivots you used is sometimes half a day back in the past. So what make you think it's better than a 12-period SMA plotted on a 1H chart?
Instead of pivots points you could use a percentage turning point or atr reversal point .Fact is neither the pivot points nor percentage reversals , fib retracements and atr are ever proven to to be better than coin toss.
These useless indicators are free for reason , because they are useless.95% of traders blow their accounts using these indicators.
The only people who make money are the platform developers and sites promoting these useless indicators.