đ Daily Pivots
Master market movements with precision Fibonacci pivot levels based on daily ranges
Market TypeRanging
Best TimeframesAll TFs
DifficultyđĨ Advanced
đ Overview
Daily Pivots are sophisticated Fibonacci-based levels calculated from the previous day’s high, low, and close. RelicusRoad Pro’s implementation provides a complete 13-level Fibonacci retracement and extension system that helps traders identify key support, resistance, and target levels with mathematical precision.
Unlike traditional pivot points that use simple arithmetic, our Fibonacci pivot system harnesses the natural mathematical ratios found throughout markets. The system automatically calculates and updates daily, providing both retracement levels for pullbacks and extension levels for breakouts, creating a comprehensive trading framework for intraday precision and multi-session planning.
⨠Key Features
13-Level Fibonacci Grid
Complete system with retracement levels (23.6%-100%) and extension targets (123.6%-200%)
Automatic Daily Calculation
Updates at day change using previous day's high, low, and range for consistent reference
Golden Ratio Focus
Emphasizes 38.2% and 61.8% levels - the most respected Fibonacci ratios in trading
Extension Target System
Provides breakout targets at 123.6%, 161.8%, and 200% for momentum continuation
âī¸ How It Works
đŦ The Technology Behind Road Levels
Fibonacci Mathematics
Mathematical level calculation
- â Base Level (0%): Previous day's low as foundation point
- â Retracement Levels: 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%
- â Extension Levels: 123.6%, 138.2%, 150%, 161.8%, 178.6%, 200%
Daily Reset System
Automatic level updates
- â Calculates at day change (midnight broker time)
- â Uses previous day's actual high and low prices
- â Maintains level validity throughout trading session
Level Priority System
Importance hierarchy
- â Golden Ratio (61.8%): Strongest reaction probability
- â Complementary Golden (38.2%): High probability reactions
- â Psychological (50%): Trader psychology and sentiment
đ Visual Representation
Retracement Levels (R1-R6)
Levels above previous day's low: 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%
Extension Levels (S1-S6)
Levels below previous day's low: -23.6%, -38.2%, -50%, -61.8%, -78.6%, -100%
Golden Ratio (61.8%)
The strongest Fibonacci level with highest reaction probability
Breakout Extensions (E1-E6)
Extension targets above previous high: 123.6%, 138.2%, 150%, 161.8%, 178.6%, 200%
đ¯ Trading Modes Explained
Golden Ratio Trading
- â Focus on 38.2% and 61.8% levels for entry
- â Highest reaction probability levels
- â Suitable for all timeframes and sessions
- â Clear stop and target placement
Extension Breakout Trading
- â Trade breakouts beyond 100% level
- â Target 161.8% (Golden ratio extension)
- â Volume confirmation required
- â Trail stops at extension levels
Fibonacci Range Trading
- â Trade between multiple Fibonacci levels
- â Use 50% level for bias determination
- â Multiple profit opportunities per session
- â Conservative risk management
Multi-Timeframe Confluence
- â Daily + 4H + 1H Fibonacci alignment
- â Highest probability setups
- â Increased position sizing justified
- â Multiple confirmation layers
đĄ Best Practices
Focus on 38.2% and 61.8% levels - they show the strongest reactions
Wait for price action confirmation at levels before entering trades
Use volume analysis to confirm level strength and potential breakouts
Combine with candlestick patterns for precise entry timing
Place stops 8-15 pips beyond levels depending on timeframe and volatility
Target next Fibonacci level minimum for systematic profit taking
Monitor session timing - London offers most volatility and level tests
Look for confluence with round numbers and previous support/resistance
Use smaller position sizes for minor levels (23.6%) vs major levels (61.8%)
Trail stops at extension levels when trading breakouts beyond 100%
đī¸ Settings & Configuration
Scalping (M5-M15)
Day Trading (M15-H1)
Swing Trading (H4-D1)
⥠Quick Setup Guide
- Add Daily Pivots indicator to your preferred intraday timeframe
- Note the 13 Fibonacci levels: 6 retracements, 6 extensions, 1 base level
- Focus primarily on 38.2% and 61.8% levels for highest reaction probability
- Use previous day's high (100%) and low (0%) as major support/resistance
- Set alerts for price approaches to key levels for timing entries
đ Complete Guide
đ¯ Trading Strategies
Golden Ratio Trading
EasyFocus on 38.2% and 61.8% levels for highest probability reactions
- Wait for price approach to 38.2% or 61.8% Fibonacci level
- Look for reversal signals: rejection candles, divergence, volume
- Enter on confirmation candle close
- Place stop 10-15 pips beyond Fibonacci level
- Target next Fibonacci level for systematic profit taking
Extension Breakout Trading
MediumTrade breakouts beyond 100% level targeting Fibonacci extensions
- Wait for clean break above previous day's high (100% level)
- Confirm breakout with increased volume and momentum
- Enter on successful retest of broken 100% level
- Target 161.8% extension as primary objective
- Trail stops at each extension level reached
Fibonacci Range Trading
EasyTrade between multiple levels in ranging market conditions
- Identify range-bound market between key Fibonacci levels
- Use 50% level to determine bias direction
- Buy at lower levels (23.6%, 38.2%), sell at upper levels (61.8%, 78.6%)
- Take partial profits at 50% midpoint level
- Reverse positions at opposite range extremes
Multi-Timeframe Confluence
AdvancedCombine multiple timeframe Fibonacci levels for maximum probability
- Identify where Daily, 4H, and 1H Fibonacci levels align
- Mark confluence zones within 10-15 pip clusters
- Use larger position size (1.5x normal) for high-probability setups
- Apply tighter stops due to strong confluence support
- Target next major confluence zone or extension levels
đ Other Features
Road Levels
Master RelicusRoad Pro's Road Levels (Price Action Road) for dynamic support/resistance zones and âĻ
Support & Resistance
Master dynamic support and resistance zones for precise trading decisions
Action Levels
Leading price action levels that predict support and resistance before they form
Signal Lines
Master the dual signal line system for trend identification and trade timing
Daily High/Low/Open
Trade with precision using intelligent daily high/low levels and projections
Scalp Pivots
Master intraday scalping with real-time Fibonacci pivots that adapt to market structure
đ Table of Contents
⥠Quick Actions
đ Feature Info
đ Ready to Master Daily Pivots?
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