This is a re-iteration of the standard deviation of daily pivots with the pivots applied on weekly, monthly, quarterly and yearly levels. For intraday traders the weekly pivot points will act as a major support resistance levels. Quarterly and monthly pivot points are useful for short-term positions while the yearly pivot determines the stock's long term support-resistance levels and useful in determining if the stock is in a bullish/bearish leg.
did you know that quarterly SD Pivots get hit ( or a 50% level) on the last day of every month, and more usually the first of every month on JPY pairs. Algo!!!. Most pairs do this like clockwork. you can trade the anticipation.
Interzona
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Hi Bro . i wanted to ask you if the Quarterly pivots Move at all during the 3 month period or if they stay in exactly the same place for the duration. My understanding is that from the the previous quarters candle. only the high, low and close is used to calculate the pivot and the Standard deviation right so , from day one of the new quarter these levels are fixed right
dbdecoy
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@Interzona, Correct. They will change at the start of the next quarter.
Interzona
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@dbdecoy, yeah i did due diligence they do not move,