[FX & Binary] A Story of Overcoming the Weaknesses of the Classic Indicator "Pivot" to Reduce Trading Stress

Hello!

When you trade every day, what kind of lines do you draw as a guide for entry?

There are many, such as horizontal lines and trend lines, but personally I have always favored the Pivot.

Pivots are calculated automatically from the previous day's price, leaving little room for discretion, so traders and institutions worldwide are conscious of the same lines. Especially for contrarian trades aiming for a bounce and binary options (BO), they become the strongest barrier, don't they?

However, after using pivots for many years, there were a few aspects that inevitably felt like “stress.”

There are plenty of free Pivot indicators online, but when you actually use them, don't you run into these troubles?

Free ones tend to calculate and draw lines for tens of years’ worth of candles, which hogs PC memory and makes performance unusually slow.

It counts the short Sunday candle that occurs for only a few hours over the weekend as a full day, causing the Monday and Tuesday lines to drift significantly from their proper positions.

Especially for binary options or short-term trading, if you’re not glued to the chart, you’ll miss the very rebound point.

The turning point came when I was trading gold in FX. My mentor taught me a highly reliable point for gold, and that method used Pivot lines.

Later, when I looked back, I realized I had won, but I hadn’t noticed it at the time… that happened many times ＞＜

“The lines work exceptionally well, but usability is poor…”