I coded the Hourly Rolling Pivots as a result of a few donor requests and must admit I’m impressed by what I see. I’ve never used these pivots before but have been observing them over the last few days and have noted that they do a respectable job of showing areas of potential support and resistance throughout the day. In today’s five minute ES chart I’ve highlighted the instances where one of these pivots resulted in a rejection of some sort. Not half bad…
Hourly Rolling Pivots Analysis 24 MAR 09
Well, hey, I’ve got a comment! I’ve been staring at these pivots for two days and feeling like something looked wrong….Apparently I decided to reverse the normal coloring of pivots and make support red and resistance green! I’ll fix that in a jiffy.
hi.
is it possible to get hourly pivots on a 15 min chart or does one have to use a 60 min chart for this?
i didn´t know it was possible to use a different timeframe on a studie than on the chart with exeptions day, week, month…