var fDesc=new Array(); fDesc[0] = "Though daily pivot is the most common pivot used, ‘Daily’ is not the only timeframe used for pivot trading. Many traders use pivot lines also in lower timeframe such as 4 hour pivot, 1 hour pivot and 15 minute pivot etc.

However manually calculating pivot for a timeframe lower than 4 hour is quite tedious, mostly in case of trading volatile pairs like Gbp/Usd or Gbp/Jpy. I occasionally use 1 hour pivot when trading Gbp/Jpy and realize the difficulty ever since.

You can use them in any chart’s timeframe. Of course it draws different pivot for different chart’s timeframe."; function tShowHide(id, show) { var s = document.getElementById("desc"); if ((s.innerHTML.length<=212 || show==1) && show!=2) { s.innerHTML = fDesc[id]; if (document.getElementById('m1')) document.getElementById('m1').style.display='none'; if (document.getElementById('m2')) document.getElementById('m2').style.display='none'; if (document.getElementById('more_txt')) document.getElementById('more_txt').style.display='inline'; } else { s.innerHTML = ''; } }