Answer :
In order to calculate the net torque for an object in static equilibrium the pivot point can be any convenient location.
Multiplying the moment arm by the magnitude of each force gives the magnitude of the torque due to each force. Determine whether each torque is clockwise or counterclockwise, and give each the appropriate sign when summing the torques and setting this sum to zero for balanced torque conditions.
For an object to maintain static equilibrium two equilibrium conditions must be met. First, the net force acting on the object must be zero. Second, the net torque acting on the object must also be zero. A pivot point is a technical analysis indicator or calculation used to determine the overall trend of the market over various time periods.
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