Camarilla Pivot Points were introduced by Nicolas Scott in the 1980s.Woodie’s pivot points use a formula that places additional weight on the market’s closing prices. Woodies Pivot Points employ calculations that are quite different relative to standard formulas for pivot points.Quite literally, these are the “standard” pivot points that are plotted in the default settings of most modern trading stations.
Standard Pivot Points are also referred to as Classical Pivot Points or Floor Pivots, and these two trading terms are often used in interchangeable ways.However, the wide variety of trading strategies that are discussed in this guide also shows traders the high level of diversity which characterizes the use of pivot point indicators as a systematic approach to technical analysis. Each of these different types of pivot point trading indicators provides a slightly different take on the discipline’s established concepts.
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