Woodie Pivots

Woodie Pivots is the definitive clean build of 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 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.