Pivots N-Monthly

The N-Monthly Pivots are calculated from the high, low and close of the chosen N-Month session. Our Indicator Library also features Hourly Pivot levels, Daily Pivot Levels, Weekly Pivot levels, and Monthly Pivot levels. The Library Pivot versions can be compared to our Premium Pivot package here.

Indicator Description

The information required for calculating the N-Monthly Pivots (high, low and close of the chosen N-Month period), is available prior to the start of the current N-Month session and does not change throughout its course. N-Monthly Pivots are based on a well known trading technique originally used by local pit traders to calculate intraday support and resistance points. The N-Monthly Pivots indicator can be used to create:

  • Bi-monthly Pivot levels
  • Quarterly Pivot levels
  • Semiannual Pivot levels
  • Yearly Pivot levels

The technique has been around for decades, and because of its simplicity and efficiency, it is still in use today. The N-Monthly Pivots display GLOBEX (ETH) pivots, calculated from the high, low and close of the past month’s full session. The calculation can be used to create current bi-monthly, quarterly, bi-annual and yearly pivot levels. If you want to display floor pivots (high, low and close of the past N-month’s regular session), please refer to the premium version.

The indicator should only be used with trading times that reflect the contractual settings of the instruments. In the event that your data provider supplies the settlement price for futures, the indicators have an option to use the settlement price instead of the regular close.

The N-Monthly Pivot indicator is used to display the main pivot as well as the central pivot and directional pivot, in addition to 4 major support and resistance levels. The indicator also comes with an option to display mid-levels pivots. Furthermore, you may choose between four (4) different formulas, namely Floor Pivots, Wide Pivots, Jackson Zones and Fibonacci Pivots.

Other Library indicators

A general outline on Mark Fisher’s application of the Pivot Point indicator in relation to the Opening Range is found in our Indicator Spotlight. Other Pivot indicators available from the Session Tools category include the Daily Camarilla Pivots, Weekly Camarilla Pivots, Monthly Camarilla Pivots and the N-Monthly Camarilla Pivots. Finally, the library also contains Daily Rolling PivotsWeekly Rolling Pivots and Monthly Rolling Pivots. The LizardTrader blog also has information on the use of rolling pivots for trend detection.

Furthermore, you may consider average daily range levels for support / resistance. Our Indicator Spotlight discussed the Daily Range Projections and the Weekly Range Projections / Monthly Range Projections are also available from our Volatility Indicators category.

The indicator is available for NinjaTrader 8 and is compatible with our LizardRenko bars.