eSignal Study: Pivot levels act as powerful levels of support and resistance. These levels are where market price will potentially rotate back to where market price came from or will continue and make a significant move away from the pivot level. There are multiple ways of calculating these pivot levels: Classic, Floor, Woodie, DeMark, and Camarilla. This study supports all five pivot level types!
 
The "Floor" pivot type is most common for forex markets, but works very well on commodities as well. "Woodie" is similar to "Floor", but more weight is given to the close. "DeMark" levels give a prediction for the high and low for the given period.

If you are interested is seeing "tomorrow's pivots" (calculated using the current day's HLC), weekly pivots, monthly pivots, as well as more powerful features, be sure to check out Pivot Level PRO.

For additional guidance for using pivot points, please read this informative article. 

The type of pivot levels, line style, line thickness, line colors, and the existance of labels are all customizable!

To add even more powerful options, such as tomorrow's pivot points, weekly pivot points, monthly pivot points, and more, check out Pivot Levels PRO!

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).