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Pivot points intraday Rate this Topic:
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bryceln
Posted : Friday, April 28, 2017 10:01:22 AM
Gold Customer Gold Customer

Joined: 1/10/2013
Posts: 73

Opinions wanted:  

when using pivot points on an intraday chart, if premarket values are included the pivot points values change a little (very little in most cases but every penny counts).    Just curious if other traders use the daily pp value or the ones that include premarket.  

Aces4Me
Posted : Saturday, May 13, 2017 11:16:29 AM
Platinum Customer Platinum Customer

Joined: 4/30/2015
Posts: 176

If i understand correctly the formula for Pivot points is solely based on yesterday Normal trading hours High and Lows

((H1 + L1 + C1)/3)  

put that on a daily chart, that value is what is plotted across your intraday charts as the Pivot Point today

 

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