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JFC Auto Pivot Indicators

The JFC Auto Pivot Indicator Group consists of three separate indicators, JFC Auto Pivot Hi, JFC Auto Pivot Lo and JFC Auto Pivot.

Since all three are very similar in their plots, usage and configuration, I will deal with them as a group.

This indicator is for use only on intra-day data. To apply this concept to daily data use the JFC Daily Pivot Indicator.


The input screen for all three indicators will appear as above.

The “ALL PLOT” input and the “PLT” input work together to set the manner in which the plots will appear on your screen.

This indicator plots horizontal lines on the screen which define various support and resistance levels as calculated from past data.

Since these lines are more important when the market approaches the calculated levels, I have included a feature which will allow you to only plot these lines when the price bars are within a given distance from the support and resistance lines.

If the ALL PLOT value is set to 1, the various support and resistance lines will plot a continuous line across the screen. When this value is changed to 0 the line will only be plotted when the market is trading within a given distance from the calculated lines.

The value for the distance discussed above is set by the PLT input.

For example, if the indicator is applied as above to a Dow Jones Futures Contract with the PLT value set to 30 and the ALL PLOT input set to 0 the given support and resistance lines would only appear when the market was trading within 30 points of the calculated values.

These indicators also conveniently plot text on your screen at the end of each trading day which gives you the value for the support and resistance lines for the next day’s trade. At the end of the session, the text will be plotted at the far right of the chart and placed at the price level at which tomorrows support and resistance levels will appear.

The following three inputs are used to alter the color and horizontal ,placement of this text.

The colors for the text can be set by changing the color values for the M_Color and R_Color inputs. You will find similar inputs in the JFC Auto Pivot Lo and JFC Auto Pivot indicators which are named for the plots calculated by these programs.

Use the values in the table below to change these text colors.


Black    1

Magenta    5

Dark Blue        9

Dark Red        13

Blue     2

Red           6

Dark Cyan      10

Dark Yellow    14

Cyan    3

Yellow       7

Dark Green     11

Dark Gray      15

Green  4

White        8

Dark Magenta  12

Light Gray      16





Note that these settings will only effect the color of the text which is plotted on your screen. If you wish to change the color of the lines as well you will need to make the appropriate changes in the style section for each indicator.

Note that these settings will only effect the color of the text which is plotted on your screen. If you wish to change the color of the lines as well you will need to make the appropriate changes in the style section for each indicator.


The “POS” input will set the position of the text on your screen. The value is the number of bars back from the end of the day at which the text will begin to appear. This value can be altered in such a fashion that the values for the next day will appear on the last of today’s chart so you may use them as you plan your next days trading activity. Increasing this value will move the text farther to the left of the screen. The default value of 40 works well for a one minute chart.

The final input, TXT, can be used to remove the text from the screen. If this value is reset to 0 the text will not plot at all.


The style tab for all three indicators will be identical with the exception of the names of the plots which appear. You may reset the color for the plots by activating the appropriate tab and selecting your choice of color below.

It is important that the “Type” box be set to “Point” and the “Style” set to something other than a solid line. I have this setting defaulted to a broken line, as shown on the previous page. Setting this tab to a solid line will disable the All Plot feature and force the lines to be plotted continuously across the chart regardless of their relationship the price bars. You may adjust the Weight setting to a position of your choice.


It is vital to the proper operation of all three of these indicators that the scaling be set to Same as price data.


The Properties tab should be set as indicated on the following page. There are no alerts programmed into this trading tool.


If you recall our past discussions about other JFC Indicators which are predominately classified into one of the four groups of day trading indicators, those being indicators identifying:

1.    Major Trend

2.    Minor Trend

3.    Entry

4.    Exit.

The JFC Auto Pivot Indicator is a tool designed for traders who prefer working with pre-calculated support and resistance levels. The argument can be made that pre-calculated levels whether they be Hi, Lo, or otherwise, have little value in trading because they to not measure price activity as the market unfolds during the trading session.

Although there is truth to this argument, I have witnessed many traders use the concept of support and resistance and this tool successfully. I believe that it is very much a matter of personal preference and therefore offer this indicator to provide the trader with the choice. It is also a useful tool to better understand the intra-day dynamics of support and resistance. I encourage you experiment and select the tool(s) which best suit your personal trading style.

The chart below is a 5-minute bar chart of the DOW Futures Contract with the JFC Auto Pivot Indicator applied.  

The PLT input is set to 20, therefore the support and resistance levels appear only when the price action is within 20 points of the level in question.

Notice how the market experiences definite support and resistance at the various pivot levels. It is not uncommon for this type of dynamic to unfold throughout the trading day.

Point “A” on this chart demonstrates how, at the close, the indicator plots the levels for the next day, allowing the trader to pre-plan for the coming session.

The chart below is the same DOW chart as on the previous page. In this example the JFC Auto Pivot Indicator’s PLT is set at 400. This means that the support and resistance lines will appear when the price action is within 400 points form the various levels.

The result of this setting is that one is able to quickly evaluate where the market is trading within the overall range of the 9 different support and resistance levels, giving the trader a quick perspective of price action.

A final note, the S2, M1, S1, M2, Pivot, M3, R1, M4 & R2 values that appear on these charts have been placed here for illustration purposes only. They will not appear on your screen in real time trading as demonstrated here.


By John F. Clayburg

New York  Chichester Weinheim Brisbane  Singapore Toronto
ISBN: 0-471-41482-4
June 2001
320 Pages
Hard Cover
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