Pivots Weekly

weekly pivots

Weekly pivots are calculated from the high, low and close of the previous weeks’s session. This information is available prior to the start of the current weekly session and does not change throughout its course. The Library Pivot version can be compared to the Premium Pivot version here.

Indicator Description

The Weekly Pivots are based on a well known trading technique originally used by local pit traders to calculate intraday support and resistance points.The technique has been around for decades, and because of its simplicity and efficiency, it is still in use today. The Weekly Pivots display GLOBEX (ETH) pivots, calculated from the high, low and close of the past week’s full session. If you want to display floor pivots (high, low and close of the past week’s regular session), please refer to the premium version.

The indicators 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 Weekly 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.

The indicator is available for NinjaTrader 8.