One of the slides in the daily newsletter, usually #6, is called
"SPX with Daily Pivots" and shows a number of lines. Where can I
find more information about these lines would such as their origin,
formulas, use, etc.?
Morgan8, thank you for the pointer. This search leads to the
description of the pivot points that are based on the H/L/C of the
previous period and are valid for the current time period. Thus
they also change with the start of the new time period.
The ones on the chart in the newsletter do not change every
day/week/month (at least for a few charts in different months).
Yes, new pivot lines appeared as market moved higher.
Unless I am missing something obvious, I am still interested in
the explanation of lines on these charts.
Thank you.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Daily Pivots in Newsletters
Posted by kayak5 on 22nd of Jun 2013 at 03:01 pm
One of the slides in the daily newsletter, usually #6, is called "SPX with Daily Pivots" and shows a number of lines. Where can I find more information about these lines would such as their origin, formulas, use, etc.?
http://stockcharts.com/search/index.html?section=cs&q=pivot+points&sa=Search
Posted by morgan8 on 23rd of Jun 2013 at 04:42 am
http://stockcharts.com/search/index.html?section=cs&q=pivot+points&sa=Search
Still interested in the pivots on charts
Posted by kayak5 on 23rd of Jun 2013 at 08:09 pm
Morgan8, thank you for the pointer. This search leads to the description of the pivot points that are based on the H/L/C of the previous period and are valid for the current time period. Thus they also change with the start of the new time period.
The ones on the chart in the newsletter do not change every day/week/month (at least for a few charts in different months). Yes, new pivot lines appeared as market moved higher.
Unless I am missing something obvious, I am still interested in the explanation of lines on these charts.
Thank you.