Pivots N-Monthly

Bi-monthly, Quarterly Pivots, Semi Annual Pivots and Yearly Pivots

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

This indicator is used to establish Bi-monthly Pivots, Quarterly Pivots, Semi Annual Pivots and Yearly Pivots. The required data for the calculation is available prior to the start of the current N-Month session and does not change throughout its course. Using Pivot levels are based on a well known trading technique, originally used by local pit traders. The N-Monthly Pivots indicator can be used to create:

  • Bi-monthly Pivot levels
  • Quarterly Pivot levels
  • Semi Annual 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 Session Pivots package.  A comparison of the library vs. premium features is available here.

You should only use the indicator with trading times consistent that reflects the contractual settings of the instruments. Also the indicator includes the option to use the settlement price in place of the regular close.

The N-Monthly Pivot indicator displays the pivot range which includes the main pivot, central pivot and directional pivot. Four (4) major support and resistance levels are located above and below the pivot range. 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 was discussed in the Indicator Spotlight newsletter. 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. 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 previously discussed the Daily Range Projections. Weekly Range Projections and 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.