Hi
I am currently experimenting with a pivot indicator that draws the various daily, weekly and monthly pivots on the chart. I understand what the R1 S1 R2 S2 means but I am unsure as to what Monthly, Weekly etc M1 M2 M3 means. What does the M stand for when the S & R stands for support and resistance?
Thanks!!
I am currently experimenting with a pivot indicator that draws the various daily, weekly and monthly pivots on the chart. I understand what the R1 S1 R2 S2 means but I am unsure as to what Monthly, Weekly etc M1 M2 M3 means. What does the M stand for when the S & R stands for support and resistance?
Thanks!!