Pivot Points - Can you predict medium term trend?

prasham

Active Member
#1
While most of us would have utilized Pivot Points to guess market trends for the daily movements, has anyone used it for medium term say 2-4 weeks or a bit more? Is it accurate enough?
 

SwingKing

Well-Known Member
#2
Well yes many analyst have tried using weekly and monthly pivot points. In my opinion it should work. However, I have not used them personally and hence cannot comment on their accuracy.

Tc
 

prasham

Active Member
#4
Calculation of Simple Pivot Points for Last few months. Calculated on basis of last month's OHLC Data.


Calculation of Woodie Type Pivot Points for Last few months. Calculated on basis of last month's OHLC Data.


Calculation of Camarilla Type Pivot Points for Last few months. Calculated on basis of last month's OHLC Data.



I couldn't see anything useful in particular. Can you make out something concrete out of it? Please advice.

I am trying to find monthly range of Nifty. Should I try out something else?
 

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