Monthly, Wkly pivots works amazingly well

shanki99

Well-Known Member
#1
I trade using pivot points and quite successful as well

But i also use Mthly and Wkly points along with Resistances and Supports

Finding out Wkly and Monthly values from EOD charts and plotting it in intraday charts has become a big work since i have started to track many stocks.

That is the reason, if i can get calculated values of Monthly, Wkly for all stocks somewhere, i can take the values and quickly plot them in the intraday chart.

Plz let me know any website which gives these values pre-calculated for all stocks...

Thanx
 

NOMINDTR

Well-Known Member
#2
I trade using pivot points and quite successful as well

But i also use Mthly and Wkly points along with Resistances and Supports

Finding out Wkly and Monthly values from EOD charts and plotting it in intraday charts has become a big work since i have started to track many stocks.

That is the reason, if i can get calculated values of Monthly, Wkly for all stocks somewhere, i can take the values and quickly plot them in the intraday chart.

Plz let me know any website which gives these values pre-calculated for all stocks...

Thanx
In general supports and resistance are as stronger as its length. There is no wonder a longer time frame could give better signals. But when it comes for day trading have an eye on the market for surprises.

They could serve you as a guide line. It is not easy to come to a concrete conclusion by a short-term observation. Keep yourself changing as the market changes.

There are pivot calculators available to calculate pivot, support and resistance. Be aware of the fact that those values are not border lines, those are areas. And there is not Universally standard method to calculate them. Work out what works for you.

Happy Trading