TREND, MOVING AVERAGES & STRUCTURE
Woodie pivots
A pivot variant that leans on yesterday's CLOSE more than the classic set does — which shifts the levels when yesterday closed near an extreme.
spec id: woodieoutputs: pp · r1 · s1 · r2 · s2
What does Woodie pivots measure?
A pivot variant that leans on yesterday's CLOSE more than the classic set does — which shifts the levels when yesterday closed near an extreme.
How is Woodie pivots calculated?
Take yesterday's high, low and DOUBLE the close, and divide by four to get `pp`. The first resistance is twice `pp` minus yesterday's low, the first support twice `pp` minus yesterday's high, and r2/s2 step out by yesterday's range. Uses only the PREVIOUS candle.
Written by reading the engine’s real computation, not a textbook — where the two differ, the page describes what actually runs.
How do I use Woodie pivots in a bot?
In the builder, add an indicator of type woodie. Its output series — pp, r1, s1, r2, s2 — become operands you can compare in any entry or exit rule. The engine grades the whole rule honestly: real fills, no look-ahead, half the history held back.
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