Woodies pivot factors present a singular method to calculating key ranges of short-term assist and resistance and are fashionable
Woodies pivot factors present a singular method to calculating key ranges of short-term assist and resistance and are fashionable amongst intraday and day merchants alike. Buying and selling Woodies pivot factors could also be much like different pivot level variations, nevertheless, understanding the delicate variations inherent to Woodies pivot factors is essential to growing a buying and selling edge.
Learn additional to be taught extra about:
- Definition of Woodies pivot factors
- Calculation methodology
- Buying and selling with Woodies pivot factors
- Benefits and Limitations
What are Woodies pivot factors?
Woodie’s pivot factors are made up of a number of key ranges, calculated from previous value factors, in an effort to body trades in a simplistic method. The important thing ranges embody the ‘pivot’ itself, and a number of assist and resistance ranges (often as much as three every). Merchants use these ranges as a information for future value actions when organising trades.
Find out how to calculate Woodie’s pivot factors
The calculation of Woodie’s pivot factors could appear complicated at first however is definitely fairly easy. Moreover, DailyFX has a devoted pivot points web page for Woodie’s, Camarilla and floor-traded pivot factors.
The calculation for Woodie’s pivot factors differs from different pivots as a result of it locations a better weighting on latest value information than different variations. It’s broadly believed that the excessive and low costs are a…