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-   -   Standard Pivots and Fibonnaci Pivots? (https://www.forexfactory.com/showthread.php?t=62100)

shauny Dec 25, 2007 11:44pm | Post# 1

Standard Pivots and Fibonnaci Pivots?
 
Hi, I just recently come across Fib pivots. Would appreciate if someone can point to me their differences and which is more reliable? And also I cannot find much reading on Fib pivots, can someone kindly show me the source, so I can go read up myself as well???



Many Thanks!!

In2Blues Dec 26, 2007 11:34am | Post# 2

Google fibonacci pivot points and you'll find lots of resources, including a Fib PP calculator.

hanover Jan 3, 2008 10:02pm | Post# 3

Fibos and floor trader pivots
 
Hi, I just recently come across Fib pivots. Would appreciate if someone can point to me their differences and which is more reliable? And also I cannot find much reading on Fib pivots, can someone kindly show me the source, so I can go read up myself as well???

Many Thanks!!
Shauny, see my post here: http://www.forexfactory.com/showthread.php?p=1506991

Also here: http://www.forexfactory.com/showthread.php?p=1583247

Happy New Year,
David

boropicalo Oct 2, 2008 12:29pm | Post# 4

What is the Fibonnaci? Could someone help me with that? How does it work the fibonnaci, how is it useful when trading forex? I recently downloaded my metatrader 4 and I need to understand the Fibonnaci

DigiTrader Aug 31, 2009 10:33pm | Post# 5

I have been using Daily Fibo Pivots. Price seems to stall or bounce off from these areas, sometimes to the PIP. Here is the formula for Fibo Pivots:

Pivot = ((YesterdayHigh + YesterdayLow + YesterdayClose)/3);
DailyRange = YesterdayHigh - YesterdayLow;

R1 = Pivot+(0.382*DailyRange);
S1 = Pivot-(0.382*DailyRange);
R2 = Pivot+(0.618*DailyRange);
S2 = Pivot-(0.618*DailyRange);
S3 = Pivot-(1*DailyRange);
R3 = Pivot+(1*DailyRange);

If you are a scalper, take profit at these levels. Usually, once price breaks below S2 or above R2, the move is usually strong.

In addition to the Daily pivots, the weekly pivots are calculated by weekly prices. The markets seems to treat them as support and resistant as well. Here is the formula for the weekly Fibo pivots:

WeekPivot = ((WeekHigh + WeekLow + WeekClose)/3);
WeeklyRange = WeekHigh - WeekLow;

WR1 = WeekPivot+(0.382*WeeklyRange);
WS1 = WeekPivot-(0.382*WeeklyRange);
WR2 = WeekPivot+(0.618*WeeklyRange);
WS2 = WeekPivot-(0.618*WeeklyRange);
WS3 = WeekPivot-(1*WeeklyRange);
WR3 = WeekPivot+(1*WeeklyRange);

Hope the information helps.

acumen Sep 1, 2009 3:03am | Post# 6

You decide...
 
1 Attachment(s)
Here's a pic with daily pivots.

Mike
Click to Enlarge

Name: DailyPivots.GIF
Size: 13 KB

Dopey Sep 1, 2009 3:39am | Post# 7

Acumen,


Are you plotting these manually or using a MT4 indicator? If the latter, could you tell me where to find it.

Thanks.

pipgame Sep 1, 2009 4:01am | Post# 8

Acumen,


Are you plotting these manually or using a MT4 indicator? If the latter, could you tell me where to find it.

Thanks.

I just saw your question.......
Here it is....

http://www.forexfactory.com/showpost...&postcount=454

have a nice trading day

Dopey Sep 1, 2009 6:33am | Post# 9

I just saw your question.......
Here it is....

http://www.forexfactory.com/showpost...&postcount=454

have a nice trading day
Thank you.


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