Daily/Weekly/Monthly Pivot Points

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SHARK
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Daily/Weekly/Monthly Pivot Points

Postby SHARK » Sun Jan 11, 2015 11:10 pm

I am dedicating this thread to our one and only Zooz for working on this Indicator :)
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Re: Daily Pivot Point

Postby SHARK » Fri Mar 06, 2015 3:46 pm

/* Pivot Point Generator By Zoozzoo */
/*
Pivot Point = [Specific Time Period High + Specific Time Period Low + Specific Time Period Close] / 3

Support Levels
S1 = [Pivot Point * 2] - Specific Time Period High
S2 = Pivot Point - Specific Time Period High + Specific Time Period Low
S3 = S2 - Specific Time Period High + Specific Time Period Low

Resistance Levels
R1 = [Pivot Point * 2] - Specific Time Period Low
R2 = Pivot Point + Specific Time Period High - Specific Time Period Low
R3 = R2 + Specific Time Period High - Specific Time Period Low
*/

/* Start my idea */
param double SpecificTimePeriodHigh = 0.0;
param double SpecificTimePeriodLow = 0.0;
param double SpecificTimePeriodClose = 0.0;
DataArray PP, S1, S2, S3, R1, R2, R3;

/* Pivot Point Define */
PP = ((SpecificTimePeriodHigh + SpecificTimePeriodLow + SpecificTimePeriodClose) / 3);

/* Support Levels Define */
S1 = ((PP * 2) - SpecificTimePeriodHigh);
S2 = (PP - SpecificTimePeriodHigh + SpecificTimePeriodLow);
S3 = (S2 - SpecificTimePeriodHigh + SpecificTimePeriodLow);

/* Resistance Levels Define */
R1 = ((PP * 2) - SpecificTimePeriodLow);
R2 = (PP + SpecificTimePeriodHigh - SpecificTimePeriodLow);
R3 = (R2 + SpecificTimePeriodHigh - SpecificTimePeriodLow);

plot (PP, Green, Dash, 2);

plot S1;
plot S2;
plot S3;

plot R1;
plot R2;
plot R3;
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Re: Daily Pivot Point

Postby SHARK » Fri Mar 06, 2015 3:49 pm

Above code was developed by Zoozzoo
Full thanks to him.
To add to DFN
Tools>
indicator builder>
copy and paste the code>
first click test icon(one forward arrow)>
then click the double arrow>
on upcoming window "Advanced tab">
type "Short Name" as "PivotPoint">
"Default insert window" choose "Same inner window as source.
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Re: Daily Pivot Point

Postby SHARK » Fri Mar 06, 2015 3:50 pm

Pivot Points

Introduction

Pivots Points are significant levels chartists can use to determine directional movement, support and resistance. Pivot Points use the prior period's high, low and close to formulate future support and resistance. In this regard, Pivot Points are predictive or leading indicators. There are at least five different versions of Pivot Points. This article will focus on Standard Pivot Points, Demark Pivot Points and Fibonacci Pivot Points.

Pivot Points were originally used by floor traders to set key levels. Floor traders are the original day traders. They deal in a very fast moving environment with a short-term focus. At the beginning of the trading day, floor traders would look at the previous day's high, low and close to calculate a Pivot Point for the current trading day. With this Pivot Point as the base, further calculations were used to set support 1, support 2, resistance 1 and resistance 2. These levels would then be used to assist their trading throughout the day.

Time Frames

Pivot Points for 1, 5, 10 and 15 minute charts use the prior day's high, low and close. In other words, Pivot Points for today's intraday charts would be based solely on yesterday's high, low and close. Once Pivot Points are set, they do not change and remain in play throughout the day.

Conclusions

Pivot Points offer chartists a methodology to determine price direction and then set support and resistance levels. It usually starts with a cross of the Pivot Point. Sometimes the market starts above or below the Pivot Point. Support and resistance come into play after the crossover. While originally designed for floor traders, the concepts behind Pivot Points can be applied across various timeframes. As with all indicators, it is important to confirm Pivot Point signals with other aspects of technical analysis. A bearish candlestick reversal pattern could confirm a reversal at second resistance. Oversold RSI could confirm oversold conditions at second support. An upturn in MACD could be used to confirm a successful support test. On a final note, sometimes the second or third support/resistance levels are not seen on the chart. This is simply because their levels exceed the price scale on the right. In other words, they are off the chart

Classic pivot calculation

Pivot Point (P) = (High + Low + Close)/3

Support 1 (S1) = (P x 2) - High

Support 2 (S2) = P - (High - Low)

Resistance 1 (R1) = (P x 2) - Low

Resistance 2 (R2) = P + (High - Low)


http://stockcharts.com/school/doku.php? ... vot_points
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Re: Daily Pivot Point

Postby SHARK » Fri Mar 06, 2015 3:53 pm

/* Pivot Point - Woodie Generator By Zoozzoo & NC*/
/*
Pivot Point = [Specific Time Period High + Specific Time Period Low + Specific Time Period Open + Specific Time Period Open] / 4

Support Levels
S1 = [Pivot Point * 2] - Specific Time Period High
S2 = Pivot Point - [Specific Time Period High + Specific Time Period Low]
S3 = Specific Time Period Low - 2 * [Specific Time Period High - Pivot Point]
S4 = Pivot Point - 3 * [Specific Time Period High - Specific Time Period Low]

Resistance Levels
R1 = [Pivot Point * 2] - Specific Time Period Low
R2 = Pivot Point + [Specific Time Period High - Specific Time Period Low]
R3 = 2 * [Pivot Point - Specific Time Period Low] + Specific Time Period High
R4 = 3 * [Specific Time Period High - Specific Time Period Low] + Pivot Point
*/

/* Start my idea */
param double SpecificTimePeriodOpen = 0.0;
param double SpecificTimePeriodHigh = 0.0;
param double SpecificTimePeriodLow = 0.0;
param double SpecificTimePeriodClose = 0.0;

DataArray PP, S1, S2, S3, S4, R1, R2, R3, R4;

/* Pivot Point Define */
PP = ((SpecificTimePeriodHigh + SpecificTimePeriodLow + SpecificTimePeriodOpen + SpecificTimePeriodOpen) / 4);

/* Support Levels Define */
S1 = ((PP * 2) - SpecificTimePeriodHigh);
S2 = (PP - SpecificTimePeriodHigh + SpecificTimePeriodLow);
S3 = (SpecificTimePeriodLow - 2*(SpecificTimePeriodHigh - PP));
S4 = (PP - 3*(SpecificTimePeriodHigh - SpecificTimePeriodLow));

/* Resistance Levels Define */
R1 = ((PP * 2) - SpecificTimePeriodLow);
R2 = (PP + SpecificTimePeriodHigh - SpecificTimePeriodLow);
R3 = (2*(PP - SpecificTimePeriodLow) + SpecificTimePeriodHigh);
R4 = (3*(SpecificTimePeriodHigh - SpecificTimePeriodLow) + PP);

plot (PP, Green, Dash, 2);

plot S1;
plot S2;
plot S3;
plot S4;

plot R1;
plot R2;
plot R3;
plot R4;
Price is what you pay. Value is what you get.”

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Re: Daily Pivot Point

Postby SHARK » Fri Mar 06, 2015 3:53 pm

Above code developed by Zooz & rearranged by NC :)
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Re: Daily Pivot Point

Postby SHARK » Fri Mar 06, 2015 6:17 pm

Weekly Pivots ASPI week ending 06.03.2015
RES1 ---->7268.11
RES2 ---->7352.71
RES3 ---->7395.02

PP------->7225.80

SUP1 ---->7141.20
SUP2 ---->7098.89
SUP3 ---->7014.29
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Re: Daily Pivot Point

Postby SHARK » Fri Mar 06, 2015 6:18 pm

So its important to stay above 7225 :D
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Re: Daily Pivot Point

Postby SHARK » Tue Mar 10, 2015 1:38 pm

SHARK wrote:Weekly Pivots ASPI week ending 06.03.2015
RES1 ---->7268.11
RES2 ---->7352.71
RES3 ---->7395.02

PP------->7225.80

SUP1 ---->7141.20
SUP2 ---->7098.89
SUP3 ---->7014.29



We are @ SUP1 levels still :D
Our weekly Target should be the Pivot Point :) :ymparty:
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Re: Daily Pivot Point

Postby SHARK » Tue Mar 10, 2015 1:41 pm

=)) there are Free Apps (Android & Iphone) to calculate these ratios.
appreciate some one can be in charge to weekly calculate :)
i can put some screen shots and its very easy to calculate every week after market closing on Friday.
who can take over this job :ymhug:
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Re: Daily Pivot Point

Postby wmdcf » Tue Mar 10, 2015 1:43 pm

මම කරන්නම් . අදනම් හොදයි වගේ නේද ෂාර්ක් ?
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. - Warren Buffett

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Re: Daily Pivot Point

Postby SHARK » Tue Mar 10, 2015 1:54 pm

Ow ....
I was shouldering heavy responsibility of criticism for the LIOC when 45 Reversal did not realise, but i am glad but not totally confirmed of the 41.50/40.50 o 38.50
Seem like 41.50 acted as the reversal.
Also JKH 202.50 seem to have done the trick to reverse, lets wait for the confirmation in few days time.
ESL not sure yet but 30.60
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Re: Daily Pivot Point

Postby SHARK » Tue Mar 10, 2015 1:55 pm

I am thankful to you for the silent contribution you are doing :)
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Re: Daily Pivot Point

Postby SHARK » Tue Mar 10, 2015 11:16 pm

Pivot Points
Introduction

Pivots Points are significant levels chartists can use to determine directional movement, support and resistance. Pivot Points use the prior period's high, low and close to formulate future support and resistance. In this regard, Pivot Points are predictive or leading indicators. There are at least five different versions of Pivot Points. This article will focus on Standard Pivot Points, Demark Pivot Points and Fibonacci Pivot Points.

Pivot Points were originally used by floor traders to set key levels. Floor traders are the original day traders. They deal in a very fast moving environment with a short-term focus. At the beginning of the trading day, floor traders would look at the previous day's high, low and close to calculate a Pivot Point for the current trading day. With this Pivot Point as the base, further calculations were used to set support 1, support 2, resistance 1 and resistance 2. These levels would then be used to assist their trading throughout the day.
Time Frames

Pivot Points for 1, 5, 10 and 15 minute charts use the prior day's high, low and close. In other words, Pivot Points for today's intraday charts would be based solely on yesterday's high, low and close. Once Pivot Points are set, they do not change and remain in play throughout the day.

pp-001-spy10min.png

Pivot Points for 30 and 60 minute charts use the prior week's high, low and close. These calculations are based on calendar weeks. Once the week starts, the Pivot Points for 30 and 60 minute charts remain fixed for the entire week. They do not change until the week ends and new Pivots can be calculated.
pp-002-spy60min.png

Pivot Points for daily charts use the prior month's data. Pivot Points for June 1st would be based on the high, low and close for May. They remain fixed the entire month of June. New Pivot Points would be calculated on the first trading day of July. These would be based on the high, low and close for June.
pp-003-spydaily.png

Pivot Points for weekly and monthly charts use the prior year's data.

Standard Pivot Points

Standard Pivot Points begin with a base Pivot Point. This is a simple average of the high, low and close. The middle Pivot Point is shown as a solid line between the support and resistance pivots. Keep in mind that the high, low and close are all from the prior period.


Pivot Point (P) = (High + Low + Close)/3

Support 1 (S1) = (P x 2) - High

Support 2 (S2) = P - (High - Low)

Resistance 1 (R1) = (P x 2) - Low

Resistance 2 (R2) = P + (High - Low)

The chart below shows the Nasdaq 100 ETF (QQQ) with Standard Pivot points on a 15 minute chart. At the start of trading on June 9th, the Pivot Point is in the middle, the resistance levels are above and the support levels are below. These levels remain constant throughout the day.
pp-004-qqqstandard.png
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Re: Daily Pivot Point

Postby wmdcf » Wed Mar 11, 2015 6:05 pm

1.png


Shark, I think DFN shows incorrect values for H/L/O and Close :-? Can you please check and confirm?
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Re: Daily Pivot Point

Postby SHARK » Wed Mar 11, 2015 6:34 pm

Dear wmdcf,
Yes, Here is a screen shot.
I am not sure DFN calculations are based on figures shown on the screen.

pivots.png
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Re: Daily Pivot Point

Postby Chaminda » Wed Mar 11, 2015 7:25 pm

Shark, values are wrong on the screen shot. I think high is much higher than your value...

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Re: Daily Pivot Point

Postby SHARK » Wed Mar 11, 2015 7:58 pm

Todays ASPI 11.03.2015

O-7132.52
H-7142.34
L-7104.26
C-7110.19
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Re: Daily Pivot Point

Postby SHARK » Wed Mar 11, 2015 8:01 pm

This is the Values For Tomorrow
pivot.png

pivot1.png
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Re: Daily Pivot Point

Postby SHARK » Wed Mar 11, 2015 8:03 pm

Our Main thrust should be ASPI to close above 7119 PP tomorrow :D
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Re: Daily Pivot Point

Postby Jasmine » Wed Mar 11, 2015 8:44 pm

ASPI moving in downward trend since 26th Feb

26th Feb 7317.44
11th March 7110.19

ASPI lost 207 points in 8 days. ie) on average 25 points per day.
We could see 6153 if this trend continues til the election.
But, it is very unlikely to happen.
most likely 7000 level will be tested again in coming weeks.
If the support around 7000 breaks, It is going to be a disaster.

SHARK, what is your view on trend of ASPI ?

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Re: Daily Pivot Point

Postby wmdcf » Wed Mar 11, 2015 9:18 pm

SHARK wrote:Todays ASPI 11.03.2015

O-7132.52
H-7142.34
L-7104.26
C-7110.19


Shark, Where you get these values ? :D
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. - Warren Buffett

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Re: Daily Pivot Point

Postby SHARK » Wed Mar 11, 2015 10:02 pm

Just Place the Cursor on ASI Candle

The window will pop up with Values :)
aspi pivot.png


:-D
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Re: Daily Pivot Point

Postby wmdcf » Wed Mar 11, 2015 11:53 pm

:D .. Ela Ela... heta dennam :D
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. - Warren Buffett

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Re: Daily Pivot Point

Postby SMR08 » Thu Mar 12, 2015 12:38 am

[quote="Jasmine"]ASPI moving in downward trend since 26th Feb

26th Feb 7317.44
11th March 7110.19

ASPI lost 207 points in 8 days. ie) on average 25 points per day.
We could see 6153 if this trend continues til the election.
But, it is very unlikely to happen.
most likely 7000 level will be tested again in coming weeks.
If the support around 7000 breaks, It is going to be a disaster.

Jeezzzz, can't imagine cse cumn down to 6100 levels. But if it does it will be a blood bath. But before it comes to that level I think some positive news will wake up the bull :D


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