Reliable weekly/monthly pivot points? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Required: Monthly/Weekly Pivot indic with pivot mediums for MT5 7 replies

Monthly pivot points, can it be done...? 4 replies

Reliable mt4 support and resistance level weekly and monthly 0 replies

Reliable Daily/Weekly/Monthly/Yearly high low data? 1 reply

How reliable are 4HR pivot points? 0 replies

Attachments: Reliable weekly/monthly pivot points?
Exit Attachments

Reliable weekly/monthly pivot points?

  • #1
  • First Post: Apr 3, 2007 6:56am Apr 3, 2007 6:56am
Does anybody have any refrences for some reliable websites that list any reliable weekly and monthly pivot points.

I go to sites like fxstreet, mataf.net, actionforex, forexproject, they all are usually off a little on the points and none of them have weekly or monthly.

I am assuming that the weekly would be taken from the sunday open asian?? and close at friday New York 5pm eastern time??

The monthly taken from asian open on 1st monthly trading day and closing on New York 5pm eastern time?

Any thoughts??

M Rippy
  • #2
  • Apr 3, 2007 7:16am Apr 3, 2007 7:16am
Sorry I haven't run across any sites that list weekly/monthly yet. When I was doing them myself I was using stepney futures calculator. Depending what platform you use they often have scripts which allow you too add them much like an indicator. Try a google search if you use a MT4 platform of dealbook360, not sure of any others but I'm sure there are a few.

Sorry I couldn't be more help.
  • #3
  • Apr 3, 2007 7:45am Apr 3, 2007 7:45am
puts Daily, weekly and monthly pivot lines on a chart for you
Attached File(s)
File Type: mq4 AutoPivotIndicator.mq4   14 KB | 5,475 downloads
  • #4
  • Apr 3, 2007 7:51am Apr 3, 2007 7:51am
I use metatrader and vttrader- I found so many pivot indicators for metatrader and they listed many different points based on timezone and crap. So I just use a pivot calculator and display the close pivots to current price.

I am mainly interested in how the different big money players trade off the weekly and monthly pivots. I have read in several places that the big institutional trade of the bigger timeframes and these moves are much juicer. Several times I have seen mentioned that the floor traders use pivots.

Most of my trading knowledge so far has centered around support/resistance, chart patterns, candlestick formations, indicators- I am trying to round out my systems and incorporate pivots correctly.

Also, if I can determine how they calculate their pivots(based on weekly/monthly calender) then I can match them on my charts etc..

Tx
  • #5
  • Apr 3, 2007 7:53am Apr 3, 2007 7:53am
Quoting ademac
puts Daily, weekly and monthly pivot lines on a chart for you

Nice indicator Ademac, thank you for sharing.

yezbick
  • #6
  • Apr 3, 2007 7:54am Apr 3, 2007 7:54am
Ademac- This is the first indicator that I have found that shows monthly, let alon weekly.

I used the indicator and I am assuming that it only shows pivots that are close to current price?
  • #7
  • Apr 3, 2007 8:09am Apr 3, 2007 8:09am
Ademac- sweet- it is perfect!

TX
  • #8
  • Apr 4, 2007 8:56am Apr 4, 2007 8:56am
...from my enormous collection:

I have yet to find, beg, or buy a perfect pivot indicator, tho "Pivots (SDX-TzPivots)" comes closest (... not included- no monthly or weekly...)

Anyway PivotCustom 4TimeFrames has the most accurate pivots in my opinion but P-Weekly and P-Monthly are create "persistant" lines on your chart so you can backtest. Now if i could find an indicator with the calculations of the first with the line-method of the second...So anyway, mix, match, and have fun!
Cheers,
Taters
Attached File(s)
File Type: mq4 PivotCustom_4TimeFrames.mq4   45 KB | 3,060 downloads
File Type: mq4 P-Weekly.mq4   5 KB | 3,748 downloads
File Type: mq4 P-Monthly.mq4   5 KB | 3,639 downloads
  • #9
  • Apr 4, 2007 10:15am Apr 4, 2007 10:15am
Quoting Taters
...from my enormous collection:

I have yet to find, beg, or buy a perfect pivot indicator, tho "Pivots (SDX-TzPivots)" comes closest (... not included- no monthly or weekly...)

Anyway PivotCustom 4TimeFrames has the most accurate pivots in my opinion but P-Weekly and P-Monthly are create "persistant" lines on your chart so you can backtest. Now if i could find an indicator with the calculations of the first with the line-method of the second...So anyway, mix, match, and have fun!
Cheers,
Taters
AND 30 MINUTES?
Sorry about my english...
  • #10
  • Apr 4, 2007 10:17am Apr 4, 2007 10:17am
In fact when you draw a fibonacci ,the 100% level refers to a pivot point correct??so how can i calculate this pivot point in a chart of thirty minutes?
Sorry about my english...
  • #11
  • Apr 4, 2007 1:53pm Apr 4, 2007 1:53pm
Quoting CIORIMAU--
In fact when you draw a fibonacci ,the 100% level refers to a pivot point correct??so how can i calculate this pivot point in a chart of thirty minutes?
A pivot point can refer to a "turning point"= a major high or low where you would hand-draw a Fibonacci line. The pivot points we are discussing are a type of indicator that shows potential turning points of the day. Its formula is:
High+Low+Close divided by 3.

Here are some links if you are interested:

http://www.investopedia.com/articles.../04/041404.asp
http://www.fxstreet.com/forex-tools/...nt-calculator/
  • #12
  • Apr 4, 2007 2:50pm Apr 4, 2007 2:50pm
For me I prefer any possible Pivot Point indicator.

Let me tell the reason why is that so:

Many traders, especially big players, like round numbers, so if PP is, let's say 1.2445 I would manually draw the pivot line @ 1.2450, the same goes to Support and resitance levels.

Let's take an interval of price between 1.2000 and 1.2100, now divide the interval into 5 parts:

1.2000
1.2025
1.2050
1.2075
1.2100

etc etc, blah blah.

If Pivot point is closer to any of mentioned, let's say it is 1.2021, round it to 1.2025

If pivot point is 1.2057, round it to 1.2050

same goes to weekly and any other pivot points you can think of

I've found this to work better than exact pivot points.

http://img250.imageshack.us/img250/8200/28899188hx0.gif
  • #13
  • Apr 5, 2007 2:23pm Apr 5, 2007 2:23pm
I need the daily and weekly range indicators to go along with the pivot indicators already in this thread. Please anyone.

Thanks
  • #14
  • Apr 5, 2007 2:41pm Apr 5, 2007 2:41pm
that's really nice. I didn't know 2 of 3 and I thought I had a great collection, too.

Quoting Taters
...from my enormous collection:

I have yet to find, beg, or buy a perfect pivot indicator, tho "Pivots (SDX-TzPivots)" comes closest (... not included- no monthly or weekly...)

Anyway PivotCustom 4TimeFrames has the most accurate pivots in my opinion but P-Weekly and P-Monthly are create "persistant" lines on your chart so you can backtest. Now if i could find an indicator with the calculations of the first with the line-method of the second...So anyway, mix, match, and have fun!
Cheers,
Taters
  • #15
  • Apr 5, 2007 4:44pm Apr 5, 2007 4:44pm
It would be great if somebody in the know could explain how floor traders use pivot points.
  • #16
  • Jun 2, 2008 10:48am Jun 2, 2008 10:48am
Hi, Find the one you need...
Attached File(s)
File Type: zip 45_Pivots Indicators_mt4.zip   83 KB | 2,620 downloads
  • #17
  • Jun 23, 2008 8:33pm Jun 23, 2008 8:33pm
Hello there, I use pivots for quite awhile, but rec been getting abit annoyed @ p-monthly. ( i use p-weekly also, it's pretty darn good. i highly recc it)

p-monthly doesn't show on timeframes less than 30min. I primarily use 15min... anyone know how to get p-monthly to show on 15min? appreciate it
One Mind, Any Market
  • #18
  • Last Post: May 15, 2009 1:50am May 15, 2009 1:50am
http://www.forexfactory.com/showthread.php?t=167838
0 traders viewing now