Abbreviation:
Category: Chart Pattern Identification
Input Parameters:
| Name | Range | Default |
| Low Price | Low | |
Calculation:
If (Low Price 2 periods ago > Low Price 1 period ago) and (Low Price 1 period ago < current Low Price) then 1
Otherwise 0
Discussion:
A pivot point bottom is when the a low price is lower than the low of the bars on either side. Indicates the potential for a downturn in the market.