The Hourly Pivots indicator displays pivots for any selectable period of N minutes. All pivots are calculated from the high, low and close of the prior N-minute period. The pivots can be displayed as floor pivots, wide pivots or Fibonacci pivots. The indicator further plots the pivot range, which is a value area derived from the prior N-minute period.
Indicator Description
The default setting of the Hourly Pivots indicator is 60 minutes. With default settings the indicator will display hourly pivot points including the Main Pivot PP, Central Pivot CP, Directional Pivot DP, Pivot Range, R1, R2, R3, R4 S1, S2, S3 and S4.
The first period always starts with the daily session break. Depending on the period selected, one may see the sessions’ last hourly pivot points from a period of less than 60 min. Specifically, the shortened calculation will not carry over to the first period of the next session.
As with our standard pivot indicators, the hourly pivots can be displayed as floor pivots, wide pivots or Fibonacci pivots. The hourly pivot points indicator also plots the pivot range, which is a value area derived from the prior N-minute period.
Other Library indicators
Other Pivot indicators available from the Session Tools category include the Pivots Daily, Pivots Weekly, Pivots Montly and the Pivots N-Monthly. Likewise, this category features the Camarilla Daily Pivots, Camarilla Weekly Pivots, Camarilla Monthly Pivots and the Camarilla N-Monthly Pivots. Finally, the library also contains Daily Rolling Pivots, Weekly Rolling Pivots and Monthly Rolling Pivots.
Premium versions of the above Session Pivots Indicators are also available, often use in combination with the Opening Range.
All indicators are available for NinjaTrader 8. Our blogs have further information on Pivot Point setups and the use of rolling pivots for trend bias.
The hourly pivot points indicator is available for NinjaTrader 8 and is compatible with our LizardRenko bars.
