Description
The Woodies Pivots study calculates pivot, support, and resistance plots based on Ken Woods proprietary formula.
Input Parameters
| Parameter | Description |
|---|---|
time frame
|
Defines aggregation period upon which study variables are calculated. |
show only today
|
Defines whether or not to calculate pivot, resistance, and support plots for today's price action only. |
Plots
| Plot | Description |
|---|---|
R3
|
The Resistance level 3 plot. |
R2
|
The Resistance level 2 plot. |
R1
|
The Resistance level 1 plot. |
PP
|
The Pivot level plot. |
S1
|
The Support level 1 plot. |
S2
|
The Support level 2 plot. |
S3
|
The Support level 3 plot. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.