Monthly Pivots for YM

[MrPaul 10]

Hey all,

 

Can someone provide me with the monthly YM pivots

 

I have a value of 12405 (low) 12674 (high) and 12660 (close) for January but I think this is off?

 

Thanks:cool:

[Robert2617 10]

MrPaul, I don't know the answer to your question but I do have one for you.

 

I guess there is not an automatic pivot indicator, no? Also, you asking about monthly pivots. The pivots for futures don't change daily? Sorry for being such a noob.

[MrPaul 10]

MrPaul, I don't know the answer to your question but I do have one for you.

 

I guess there is not an automatic pivot indicator, no? Also, you asking about monthly pivots. The pivots for futures don't change daily? Sorry for being such a noob.

 

Hey Robert,

 

Yes there is an automatic pivot level plotter on most charting programs. I'm just trying to figure out if I'm getting the correct values lol. They just don't seem correct and I knew someone on TL! would be able to verify for me.

 

As far as changing daily, yes they do. They also change weekly, monthly and quarterly (if you use those). I like to look for clusters of daily/weekly/monthly pivots, Market Profile levels(VAH, POC, VAL), Support/Resistance (such as a prior swing high) and fibonacci retracements ( 50% & 61.8%) to find areas where a larger number of participation from across timeframes and studies will be either supporting or resisting a price area.

 

As far as being a noob, no worries...I'm always here to help out

[Soultrader 12]

Hi MrPaul,

 

I have the following:

 

High: 12689

Low: 12405

Close: 12660

 

R3 13048.3

R2 12868.7

R1 12764.3

PP 12584.7

S1 12480.3

S2 12300.7

S3 12196.3

 

 

Also keep in mind that I use a slightly different formula for the S3 and R3 pivot.

[MrPaul 10]

Hi MrPaul,

 

I have the following:

 

High: 12689

Low: 12405

Close: 12660

 

R3 13048.3

R2 12868.7

R1 12764.3

PP 12584.7

S1 12480.3

S2 12300.7

S3 12196.3

 

 

Also keep in mind that I use a slightly different formula for the S3 and R3 pivot.

 

 

Awesome. Thanks man:cool:

[Robert2617 10]

OK, thanks, that make sense. In my travels lately, I have picked up a Floor Pivots Monthly, Floor Pivots Weekly and Adjusting Fib Pivots indicators if you want them. You probably already have some but these are available upon request.

[Soultrader 12]

Robert,

 

I get the weekly high,low,close and monthly high,low,close straight from the weekly and monthly charts. Do you have an indicator that takes these values and plots them on the charts automatically? I also want the option to switch the colors for the pivots as well as the option to enable and disable midpoints. If you have this it would be very helpful. Thanks

[Robert2617 10]

Robert,

 

I get the weekly high,low,close and monthly high,low,close straight from the weekly and monthly charts. Do you have an indicator that takes these values and plots them on the charts automatically? I also want the option to switch the colors for the pivots as well as the option to enable and disable midpoints. If you have this it would be very helpful. Thanks

Yes, I think so. Since we talked via PM, I will start uploading a few of these indicators tomorrow to the download section. I'll start with the ones you are requesting.

[Soultrader 12]

Thank you Robert.

[sudha78 10]

TL Folks

 

Is there any association between POC and PP? How are you relating market profile(POC, VAH, VAL) with Pivot Points? Please throw some light.

 

Thanks in advance.

[Soultrader 12]

POC or point of control is completely different with the PP or daily pivot. POC is a market profile concept while PP is just the central pivot when calculating daily pivots.

 

The PP is: (high + low + close) / 3

 

POC is the area where the longest line of TPO count took place. It is the price level where most activity took place.

[Freddie 10]

There are a couple of different pivot point calculations that can be used and some people only use the cash session while others use the whole session (for instance, YM form 7:15 pm to 5 pm EST).

 

Can anyone tell me what is used most in the pits both in terms of calculations (be that standard or woodie pivots or other) and what time frame the data is taken from?

 

In some cases the pivots are pretty close and in other cases not close at all (20+ points difference).

 

thanks for your help,

 

Fred