# Woodie Pivots Draws the Woodie pivot ladder from a completed prior period (daily by default, weekly or monthly optional) with the close-weighted center P = (H + L + 2C) / 4 or the open-based variant, plus R1/S1 and R2/S2 tiers and an optional R3/S3. Levels hold flat until each roll, an info panel reports where the period opened versus P, and eight cross alerts cover the ladder. - Indicator in the LuxAlgo Library, by LuxAlgo, published Jun 15, 2026. - Access: free. - Concepts: [Woodie Pivots](https://www.luxalgo.com/library/concept/woodie-pivots/) (primary) - Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=rvo06pbzpifun2m4bbco0lng - Page: https://www.luxalgo.com/library/indicator/woodie-pivots/ **Woodie Pivots** is the definitive clean build of [Woodie pivots](https://www.luxalgo.com/library/concept/woodie-pivots/), the pivot ladder that double-weights the most recent information in its center. Both circulating conventions ship as a switch: Close-Weighted computes P = (H + L + 2C) / 4 from the prior period, while Open-Based uses the current period's open so the whole ladder absorbs an overnight gap. Each set then holds until the period rolls. No bar printing today can move today's levels. ## How to Trade the Woodie Pivots? - **Open versus P**: opening above the pivot sets the long lean many Woodie playbooks start from, below the short lean, reported live in the panel. - **P as the bias line**: trade above the pivot favors longs with P as support, below favors shorts with P as resistance. - **R1/S1 as first objectives**: the common first target for trades taken at the pivot; R2/S2 lie a full prior-period range farther out. The optional Floor Pivot Comparison overlays the equal-weighted center P = (H + L + C) / 3. The distance between the two centers shows how much the extra weighting mattered. Crosses on the roll bar itself are ignored. ## Woodie Pivots Settings - **Anchor Period** (default Daily): completed prior period supplying the inputs. - **Pivot Formula** (default Close-Weighted): which price the pivot double-weights; Open-Based prices the opening gap into the ladder. - **Pivot (P)**, **R1 / S1** and **R2 / S2** (on by default), **R3 / S3** (off by default): tier visibility; sources dispute the third tier, so it starts hidden. - **Floor Pivot Comparison** (default off): the faded equal-weighted reference center. - **Line Width** (default 1) and **Level Labels** (default on): drawing width and per-level tags. - **Info Panel** (default on) with **Location** (default Top Right): anchor, formula and the open-versus-P read. ## Frequently Asked Questions ### How are Woodie pivots different from classic pivot points? Classic [pivot points](https://www.luxalgo.com/library/indicator/pivot-points/) average the prior H, L and C with equal weight; Woodie's center double-weights the close (or the new open), pulling the ladder toward the freshest information; the surrounding tier math is unchanged: only the center moves. ### Which pivot formula should I use? Close-Weighted is the widespread version and matches most other tools. Open-Based is closer to the original convention and shifts the ladder to where trading actually resumed after a gap. ### Why don't my levels match another chart's Woodie pivots? Three usual causes: a different formula variant, a different anchor period, or a different session boundary on 24-hour markets, where the data feed's day close moves every level. The info panel shows the active anchor and formula, making the comparison explicit. ## Related indicators - [Fibonacci Pivots](https://www.luxalgo.com/library/indicator/fibonacci-pivots/) (Support/Resistance & Levels): markdown at https://www.luxalgo.com/library/indicator/fibonacci-pivots.md - [Pivot Points](https://www.luxalgo.com/library/indicator/pivot-points/) (Support/Resistance & Levels): markdown at https://www.luxalgo.com/library/indicator/pivot-points.md - [Central Pivot Range](https://www.luxalgo.com/library/indicator/central-pivot-range/) (Support/Resistance & Levels): markdown at https://www.luxalgo.com/library/indicator/central-pivot-range.md - [Camarilla](https://www.luxalgo.com/library/indicator/camarilla/) (Support/Resistance & Levels): markdown at https://www.luxalgo.com/library/indicator/camarilla.md - [Floor Pivots](https://www.luxalgo.com/library/indicator/floor-pivots/) (Support/Resistance & Levels): markdown at https://www.luxalgo.com/library/indicator/floor-pivots.md - [Pivot Points Standard](https://www.luxalgo.com/library/indicator/pivot-points-standard/) (Pivot Points): markdown at https://www.luxalgo.com/library/indicator/pivot-points-standard.md - [No-Wick Retest Levels](https://www.luxalgo.com/library/indicator/no-wick-retest-levels/) (Support/Resistance & Levels): markdown at https://www.luxalgo.com/library/indicator/no-wick-retest-levels.md - [MSS Sweep Fib Retrace](https://www.luxalgo.com/library/indicator/mss-sweep-fib-retrace/) (Support/Resistance & Levels): markdown at https://www.luxalgo.com/library/indicator/mss-sweep-fib-retrace.md --- Source: https://www.luxalgo.com/library/indicator/woodie-pivots/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/