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PIVOT POINTS;standard,demark,fibonacci (PPSDF)

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Moderator: nlightn Assistants: cnvegas
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Last Post: 10/21/2016 8:45:07 PM - Followers: 17 - Board type: Free - Posts Today: 0
the forum is for the study of the various Pivot Points and their accuracy for entry's and exits of a trade (stock or option). standard, camellia, demark, fibonacci pivots are focused on along with other technical indicators that confirm the pivot point price area.

right up front Disclaimer: the forum is not for prompting any stocks. any mention of 'buy this stock' or 'buy that stock' will be immediately deleted. three or more deletions from the same individual will get them removed from the forum. additionally penny stocks and pinks are not welcome.



Pivots Points are significant levels chartists can use to determine directional movement, support and resistance. Pivot Points use the prior period's high, low and close to formulate future support and resistance. In this regard, Pivot Points are predictive or leading indicators. There are at least five different versions of Pivot Points. This article will focus on Standard Pivot Points, Demark Pivot Points and Fibonacci Pivot Points.

Pivot Points were originally used by floor traders to set key levels. Floor traders are the original day traders. They deal in a very fast moving environment with a short-term focus. At the beginning of the trading day, floor traders would look at the previous day's high, low and close to calculate a Pivot Point for the current trading day. With this Pivot Point as the base, further calculations were used to set support 1, support 2, resistance 1 and resistance 2. These levels would then be used to assist their trading throughout the day.

Time Frames

Pivot Points for 1, 5, 10 and 15 minute charts use the prior day's high, low and close. In other words, Pivot Points for today's intraday charts would be based solely on yesterday's high, low and close. Once Pivot Points are set, they do not change and remain in play throughout the day.

Pivot Points for 30 and 60 minute charts use the prior week's high, low and close. These calculations are based on calendar weeks. Once the week starts, the Pivot Points for 30 and 60 minute charts remain fixed for the entire week. They do not change until the week ends and new Pivots can be calculated.

Pivot Points for daily charts use the prior month's data. Pivot Points for June 1st would be based on the high, low and close for May. They remain fixed the entire month of June. New Pivot Points would be calculated on the first trading day of July. These would be based on the high, low and close for June.

Standard Pivot Points

Standard Pivot Points begin with a base Pivot Point. This is a simple average of the high, low and close. The middle Pivot Point is shown as a solid line between the support and resistance pivots. Keep in mind that the high, low and close are all from the prior period.

Pivot Point (P) = (High + Low + Close)/3

Support 1 (S1) = (P x 2) - High

Support 2 (S2) = P - (High - Low)

Resistance 1 (R1) = (P x 2) - Low

Resistance 2 (R2) = P + (High - Low)

The chart below shows the Nasdaq 100 ETF (QQQ) with Standard Pivot points on a 15 minute chart. At the start of trading on June 9th, the Pivot Point is in the middle, the resistance levels are above and the support levels are below. These levels remain constant throughout the day.

Fibonacci Pivot Points

Fibonacci Pivot Points start just the same as Standard Pivot Points. From the base Pivot Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.

Pivot Point (P) = (High + Low + Close)/3

Support 1 (S1) = P - {.382 * (High - Low)}

Support 2 (S2) = P - {.618 * (High - Low)}

Support 3 (S3) = P - {1 * (High - Low)}

Resistance 1 (R1) = P + {.382 * (High - Low)}

Resistance 2 (R2) = P + {.618 * (High - Low)}

Resistance 3 (R3) = P + {1 * (High - Low)}

The chart below shows the Dow Industrials SPDR (DIA) with Fibonacci Pivot Points on a 15 minute chart. R1 and S1 are based on 38.2%. R2 and S2 are based on 61.8%. R3 and S3 are based on 100%.

Demark Pivot Points

Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

If Close < Open, then X = High + (2 x Low) + Close

If Close > Open, then X = (2 x High) + Low + Close

If Close = Open, then X = High + Low + (2 x Close)

Pivot Point (P) = X/4

Support 1 (S1) = X/2 - High

Resistance 1 (R1) = X/2 - Low

The chart below shows the Russell 2000 ETF (IWM) with Demark Pivot Points on a 15 minute chart. Notice that there is only one resistance (R1) and one support (S1). Demark Pivot Points do not have multiple support or resistance levels.

for continued study and information;
#1295   Friday Trades. Trying new thing. A little sloppy. cnvegas 10/21/16 08:45:06 PM
#1294   Combining the pivot Points with the volume profile cnvegas 10/21/16 11:20:43 AM
#1293   This went up on two things yesterday. A cnvegas 10/21/16 10:57:44 AM
#1292   really tight window for that type of move,..based nlightn 10/21/16 10:46:10 AM
#1291   Below $64.50 the party will start. Hopefully that's cnvegas 10/21/16 10:29:44 AM
#1290   good fortune to you !! nlightn 10/21/16 10:25:27 AM
#1289   I'm in the October 21th $60 put @0.15. cnvegas 10/21/16 09:54:58 AM
#1288   I'm in RARE puts for today. Short cover cnvegas 10/21/16 09:43:28 AM
#1287   my,my,my, had a busy yesterday ! congrats ,..some nlightn 10/21/16 08:48:32 AM
#1286   Sorry about the double entry at the bottom. cnvegas 10/20/16 08:33:22 PM
#1285   Nice Pivot Point day... cnvegas 10/20/16 08:29:53 PM
#1284   Good morning all Pivot Point Raiders today. Hope cnvegas 10/20/16 10:55:10 AM
#1283   On my TOS I have it set for cnvegas 10/18/16 10:44:07 AM
#1282   Now on the downside. cnvegas 10/18/16 10:35:12 AM
#1281   nice.on what time frame you added that indicator.when dotnet 10/18/16 10:29:54 AM
#1280   Good morning to you dotnet. The Bradley has cnvegas 10/18/16 10:26:18 AM
#1279   nlightn, first trade with the volume profile.... cnvegas 10/18/16 10:21:50 AM
#1278   good morning all. looks like trend change noted dotnet 10/18/16 10:12:55 AM
#1277   Good morning nlightn and all Pivot Point traders. cnvegas 10/18/16 05:46:57 AM
#1276   I was looking at a review on DZ cnvegas 10/17/16 10:12:24 AM
#1275   let me know what you discern and find.,... nlightn 10/17/16 09:57:08 AM
#1274   To me it's pivot Points using volume. I cnvegas 10/17/16 09:50:16 AM
#1273   vegas, definition i've never heard of 'volume profile' nlightn 10/17/16 09:44:05 AM
#1272   nlightn, you ever work with volume profile? cnvegas 10/17/16 09:25:22 AM
#1271   Good morning nlightn. Top of the morning to cnvegas 10/17/16 07:27:59 AM
#1270   g'morning vegas and all PP's. top of the morning. nlightn 10/17/16 06:19:36 AM
#1269   What The 'Pros' Say About Today's Markets nlightn 10/16/16 09:39:05 AM
#1268   so whats's going to happen to the S&P ??? nlightn 10/15/16 08:18:33 AM
#1267   Market Breaks Support, Time To Worry? nlightn 10/15/16 07:59:34 AM
#1266   There's Now a Very High Chance of a nlightn 10/13/16 08:03:52 AM
#1265   g'morning vegas. it is quite interesting to watch nlightn 10/13/16 07:35:19 AM
#1264   Good morning nlightn, Well I see the Bradley's cnvegas 10/13/16 04:59:17 AM
#1263   nlightn, I'm going to email SC and see cnvegas 10/12/16 10:36:05 AM
#1262   looking strong at DB, USO for some longer nlightn 10/12/16 08:47:16 AM
#1261   it's going to be interesting to observe which nlightn 10/12/16 08:39:18 AM
#1260   g'morning vegas. just a WAG,...i've noticed the same nlightn 10/12/16 08:36:16 AM
#1259   nlightn, today starts the +7/-7 time frame on cnvegas 10/12/16 06:43:11 AM
#1258   Good morning All Pivot Point traders. Top of cnvegas 10/12/16 05:21:13 AM
#1257   R2 on the Daily. cnvegas 10/11/16 09:03:24 PM
#1256   The $LITE shined on me today... cnvegas 10/11/16 07:58:13 PM
#1255   Morning guys. Glad to see everyone again. Watchlist: hardhittad22 10/11/16 07:52:24 AM
#1254   Good Morning nlightn, mick and all Pivot Point cnvegas 10/11/16 05:58:02 AM
#1253   i am getting chart holding. 1 YR. / mick 10/10/16 01:11:43 PM
#1252   yes,...paying full attention to cycles. and of course nlightn 10/10/16 10:51:32 AM
#1251   GOOD MORNING, the chartinng i did the pivots mick 10/10/16 10:20:48 AM
#1250   Spot on Pivots. cnvegas 10/10/16 09:57:16 AM
#1249   Looking for some SPY 216.5 puts today. 10/12. cnvegas 10/10/16 09:14:45 AM
#1248   Amazing the only dates in red on the cnvegas 10/10/16 08:35:55 AM
#1247   Morning nlightn, cnvegas 10/10/16 08:25:44 AM
#1246   this article title was so funny,..i cracked up nlightn 10/09/16 03:19:42 PM