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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Pivot Point Indicator

Pivot Point Indicator

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1Pivot Point Indicator Empty Pivot Point Indicator Fri Apr 26, 2013 8:28 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

A technical analysis indicator used to determine the overall trend of the market over different time frames.
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.

As I mentioned earlier, the pivot point itself is the primary support or resistance. This means that the largest price movement is expected to occur at this price level. You can clearly see that by using following example. The other support and resistance levels are less influential, but may still result in significant price movements.

It is generally considered that if the pivot point is broken in an upward movement then the market is bullish. And if the pivot point is broken in a downward movement, then the market is bearish.You should keep in mind that pivot points are short-term trend indicators, useful for only one day until they need to be recalculated.

Pivot Point Indicator Pivot_10

Example :

ASI Index values as of [ 24-04-2013]

Open = 5885.29
High = 5949.46
Low = 5885.29
Close = 5933.73

Pivote Point = [High + Low + Close] / 3
Pivot Point = 5922.83

By Substituting above values to the equations given herewith, you can calculate the following S1,S2,R1 & R2

R2 = 5987.00
R1 = 5960.36

S1 = 5896.19
S2 = 5858.66

Pivot Point Indicator Pp10

Thank You.
study study study

2Pivot Point Indicator Empty Re: Pivot Point Indicator Fri Apr 26, 2013 8:38 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Thanks Very Happy

3Pivot Point Indicator Empty Re: Pivot Point Indicator Fri Apr 26, 2013 9:06 am

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Smile thanx mate!

4Pivot Point Indicator Empty Re: Pivot Point Indicator Fri Apr 26, 2013 10:09 am

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics

A good one

5Pivot Point Indicator Empty Re: Pivot Point Indicator Fri Apr 26, 2013 10:15 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Thanks mate.

More reading.
http://forum.srilankaequity.com/t7674-pivot-point?highlight=pivot

6Pivot Point Indicator Empty Re: Pivot Point Indicator Sat Apr 27, 2013 1:21 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Thanks. A clear description

7Pivot Point Indicator Empty Re: Pivot Point Indicator Sat Apr 27, 2013 8:49 am

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Thanks LSE.
I'm using the following link, much handy.
http://www.livecharts.co.uk/pivotpoint.php

8Pivot Point Indicator Empty Re: Pivot Point Indicator Mon Apr 29, 2013 8:01 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Goodyy!!

Can we also bring up few examples to say Pivots work in CSE?

9Pivot Point Indicator Empty Re: Pivot Point Indicator Wed May 01, 2013 11:06 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Pivot Point analyze

ASI Index values as of [30-04-2013]

Open - 5966.66
High - 5979.20
Low - 5946.82
Close - 5953.19

R4 - 6056.88
R3 - 6024.50
R2 - 5992.12
R1 - 5972.65


Pivot Point - 5959.74

S1 - 5940.27
S2 - 5927.36
S3 - 5894.98
S4 - 5862.60



Conclusion :
Trading below the pivot point indicates bearish sentiment. This will not effect to market trend at the moment but it'll drag down to next support level further due to month end clearance & selling pressure. After that up trend will continue again.

Pivot Point Indicator Pp110

Thank You.
cheers cheers cheers

10Pivot Point Indicator Empty Re: Pivot Point Indicator Wed May 01, 2013 11:43 am

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Thank you! LSE! I didn't know this......I learnt it from you! thank you!

11Pivot Point Indicator Empty Re: Pivot Point Indicator Wed May 01, 2013 11:58 am

K.Haputantri

K.Haputantri
Co-Admin

Its a very usefull tool. You have explained it in simple words. Thanks LSE for sharing.

12Pivot Point Indicator Empty Re: Pivot Point Indicator Sat May 04, 2013 7:58 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Pivot Point analyze

ASI Index values as of [03-05-2013]

Open - 5973.79
Low - 5973.76
High - 6035.72
Close - 6013.18


R4 - 6,193.51
R3 - 6,131.52
R2 - 6,069.53
R1 - 6,041.36


PP - 6,007.54

S1 - 5,979.37
S2 - 5,945.55
S3 - 5,883.56
S4 - 5,821.57


Pivot Point Indicator Pp510

Conclusion :

Actually by looking at above values I'd like to say, on Monday we can expect a Big uptrend or a Sudden down trend at the start. You all can clearly see that, now we are slowly closing to the next resistance level R1 at 6,041.36. If we get across from that point it'll reach to the R2 level at 6,069.53 very easily. Then after it'll enter to a clear path without any resistance till R3 point at 6,131.52. That mean on Monday there will be a higher probability to pass 6100 level at the end of the day.

Alternative scenario is when we look at the support level, It's much far than the resistance. mean we can find the S1 at 5,979.37. If it's fail next support S2 is at 5945.55. Any way keep in your mind that trading above the pivot point is thought to indicate ongoing bullish sentiment. Lets hope for the best.

Thank You.
cheers cheers cheers


13Pivot Point Indicator Empty Re: Pivot Point Indicator Sat May 04, 2013 10:02 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Thx LSE! now I am getting good idea about these points Smile thx to you again. Let me request your reply for the following things if they are worth to answer ;

1. I can assume that you find exact values for O, H & L values from chart by moving mouse to those points, but how do u get C value since the chart doesn't shows it?

2. What are these S1 to S4 & R1 to R4 points, what do they mean/indicate? how do v interpret them?

3. When passing these points from up to bottom - going down / from bottom to up - going up, is there any special indications/interpretations for action - buy or sell or any ?

Thx LSE
KDDND

14Pivot Point Indicator Empty Re: Pivot Point Indicator Sat May 04, 2013 11:07 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

KDDND wrote:Thx LSE! now I am getting good idea about these points Smile thx to you again. Let me request your reply for the following things if they are worth to answer ;

1. I can assume that you find exact values for O, H & L values from chart by moving mouse to those points, but how do u get C value since the chart doesn't shows it?

2. What are these S1 to S4 & R1 to R4 points, what do they mean/indicate? how do v interpret them?

3. When passing these points from up to bottom - going down / from bottom to up - going up, is there any special indications/interpretations for action - buy or sell or any ?

Thx LSE
KDDND

Dear Friend KDDND,

I'd like to answer for your first two questions in brief as follows, but your last question is not clear to me.

1. http://www.investing.com/indices/cse-all-share

2.

S = Support
S1 = First Support Level

If a security is approaching an important support level, it can serve as an alert to be extra vigilant in looking for signs of increased buying pressure and a potential reversal. If it's fail further move in to down side.

R = Resistance
R1 = First Resistance Level.

If a security is approaching a resistance level, it can act as an alert to look for signs of increased selling pressure and potential reversal. If it's fail further move in to up side.

If a support or resistance level is broken, it signals that the relationship between supply and demand has changed.

A resistance breakout signals that demand (bulls) has gained the upper hand and a support break signals that supply (bears) has won the battle.

Note:
I think now you having a clear idea about S1,..,S4 & R1,...,R4.

For further reading follow this link
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistan


Thank You.
study study study

15Pivot Point Indicator Empty Re: Pivot Point Indicator Sun May 05, 2013 6:42 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Appreciate LSE.....

Big Thank You Very Happy

16Pivot Point Indicator Empty Re: Pivot Point Indicator Sun May 05, 2013 6:46 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

The DFNTWS charting is now technically challenged....

Very Happy

17Pivot Point Indicator Empty Re: Pivot Point Indicator Sun May 05, 2013 9:25 am

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

LSE wrote:
KDDND wrote:Thx LSE! now I am getting good idea about these points Smile thx to you again. Let me request your reply for the following things if they are worth to answer ;

1. I can assume that you find exact values for O, H & L values from chart by moving mouse to those points, but how do u get C value since the chart doesn't shows it?

2. What are these S1 to S4 & R1 to R4 points, what do they mean/indicate? how do v interpret them?

3. When passing these points from up to bottom - going down / from bottom to up - going up, is there any special indications/interpretations for action - buy or sell or any ?

Thx LSE
KDDND

Dear Friend KDDND,

I'd like to answer for your first two questions in brief as follows, but your last question is not clear to me.

1. http://www.investing.com/indices/cse-all-share

2.

S = Support
S1 = First Support Level

If a security is approaching an important support level, it can serve as an alert to be extra vigilant in looking for signs of increased buying pressure and a potential reversal. If it's fail further move in to down side.

R = Resistance
R1 = First Resistance Level.

If a security is approaching a resistance level, it can act as an alert to look for signs of increased selling pressure and potential reversal. If it's fail further move in to up side.

If a support or resistance level is broken, it signals that the relationship between supply and demand has changed.

A resistance breakout signals that demand (bulls) has gained the upper hand and a support break signals that supply (bears) has won the battle.

Note:
I think now you having a clear idea about S1,..,S4 & R1,...,R4.

For further reading follow this link
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistan


Thank You.
study study study

Thank you LSE! I got your idea & had reading bit of the link! Very Happy

"Support and Resistance

Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excessive supply (down) and demand (up). Supply is synonymous with bearish, bears and selling. Demand is synonymous with bullish, bulls and buying. " Cool

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistan

18Pivot Point Indicator Empty Re: Pivot Point Indicator Sun May 05, 2013 6:12 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

Tnks LSE

19Pivot Point Indicator Empty Re: Pivot Point Indicator Mon May 06, 2013 10:19 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Hi Friends,

Check my Pivot Point analyze in the above


ASI Index values as of [03-05-2013]

Thank You.

20Pivot Point Indicator Empty Re: Pivot Point Indicator Sun May 12, 2013 5:27 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Pivot Point analyze

ASI Index values as of [10-05-2013]


Open - 6255.27
High - 6290.02
Low - 6247.79
Close - 6254.62

R4 = 6,390.83
R3 = 6,348.60
R2 = 6,306.37
R1 = 6,280.50


Pivot Point = 6,264.14

S1 = 6,238.27
S2 = 6,221.91
S3 = 6,179.68
S4 = 6,137.45


Pivot Point Indicator Pp811

Conclusion :

Dear all, if you stay with this post from the beginning i think now you all having a very good understanding about this indicator,so up to now we have already passed big green days as well as few bearish days. but i think now we have came to an important turning point of the ASI index. As you all know at the 6000 level we had a strong resistance. It's took more than a year to break that resistance level. Now we are staying at 52 week high ASI level.

When compare ASI Index values as of [10-05-2013], now it's trading below the pivot point & that indicates bearish sentiment. I think this is a good time to keep your eye on the market behavior and it's activities. I will post an another analyze by using the candlestick patterns and for the moment this is only for your attention.

Now we are passing a kind of uncertain situation and RSI indicator already set to it's high levels. so, definitely there will be few red days in near future. but keep in you mind we have already passed a very strong resistance level & this will indicate further good movement of the market.

When we talking about the Monday, Next resistance level R1 is at 6,280.50. If we get across from that point it'll reach to the R2 level at 6,306.37 with difficulty. Mean, surely there will be a high selling pressure & that can drag ASI to next support level S1 at 6,238.27 or S2 levels.

Note :
s1,S2 are very strong support levels and R1,R2 are much stronger resistance levels. Monthly basis market will continue this uptrend movement.

Alternative scenario is
, if market continues it's uptrend till 63.. levels then, there will be very small probability to stay market above 63.. levels withing next 2 or 3 days.

Lets hope for the best.

Thank You.

21Pivot Point Indicator Empty Re: Pivot Point Indicator Sun May 12, 2013 6:38 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Thx LSE!

for revision class...... Smile

lets go step by step....!!! Thx

22Pivot Point Indicator Empty Re: Pivot Point Indicator Sun May 12, 2013 7:31 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

LSE wrote:Pivot Point analyze

ASI Index values as of [10-05-2013]


Open - 6255.27
High - 6290.02
Low - 6247.79
Close - 6254.62

R4 = 6,390.83
R3 = 6,348.60
R2 = 6,306.37
R1 = 6,280.50


Pivot Point = 6,264.14

S1 = 6,238.27
S2 = 6,221.91
S3 = 6,179.68
S4 = 6,137.45


Pivot Point Indicator Pp811

Conclusion :

Dear all, if you stay with this post from the beginning i think now you all having a very good understanding about this indicator,so up to now we have already passed big green days as well as few bearish days. but i think now we have came to an important turning point of the ASI index. As you all know at the 6000 level we had a strong resistance. It's took more than a year to break that resistance level. Now we are staying at 52 week high ASI level.

When compare ASI Index values as of [10-05-2013], now it's trading below the pivot point & that indicates bearish sentiment. I think this is a good time to keep your eye on the market behavior and it's activities. I will post an another analyze by using the candlestick patterns and for the moment this is only for your attention.

Now we are passing a kind of uncertain situation and RSI indicator already set to it's high levels. so, definitely there will be few red days in near future. but keep in you mind we have already passed a very strong resistance level & this will indicate further good movement of the market.

When we talking about the Monday, Next resistance level R1 is at 6,280.50. If we get across from that point it'll reach to the R2 level at 6,306.37 with difficulty. Mean, surely there will be a high selling pressure & that can drag ASI to next support level S1 at 6,238.27 or S2 levels.

Note :
s1,S2 are very strong support levels and R1,R2 are much stronger resistance levels. Monthly basis market will continue this uptrend movement.

Alternative scenario is
, if market continues it's uptrend till 63.. levels then, there will be very small probability to stay market above 63.. levels withing next 2 or 3 days.

Lets hope for the best.

Thank You.


Thanx for the info mate.
Can you give me further info regarding fibonacci pivots. Is it related to the fibonacci sequence?

23Pivot Point Indicator Empty Re: Pivot Point Indicator Sun May 12, 2013 8:43 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Dear Friend Jonta,

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.

Fibonacci Pivot Points Calculation


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)}


Constant Values [ 0.382,0.618,1 ]

Thank You.

24Pivot Point Indicator Empty Re: Pivot Point Indicator Sun May 12, 2013 9:31 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

LSE wrote:Dear Friend Jonta,

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.

Fibonacci Pivot Points Calculation


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)}


Constant Values [ 0.382,0.618,1 ]

Thank You.



Thanx mate

25Pivot Point Indicator Empty Re: Pivot Point Indicator Mon May 13, 2013 10:40 am

edna.manoraj


Stock Trader

THANK YOU FOR THE SIMPLIFIED EXOLANATION

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