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Moving Pivot Point Indicator


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Moving Pivot Point Indicator

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  #1 (permalink)
New York
 
 
Posts: 22 since Dec 2011
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Looking for a indicator similar to a pivot point but rather than calculate from previous days high low open/close/3 it calculates it back 10 or 20 candles back and it changes every x amount of candles you choose, anything like this exist?

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Market Wizard
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pipsaholic View Post
Looking for a indicator similar to a pivot point but rather than calculate from previous days high low open/close/3 it calculates it back 10 or 20 candles back and it changes every x amount of candles you choose, anything like this exist?

Yes, this exists and is called rolling pivot indicator. You would define a lookback period of N days. The indicator will then calculate the high and low of the prior N days and yesterday's close. The result will be used to calculate pivots.

The chart attached shows 5-day rolling pivots.


ES 09-20 (60 Minute) 2020_08_07 (17_25_33)

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August 7, 2020


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