JFC Real Time Pivot Manual

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The JFC Real Time Pivot is the third of the group of four indicators which we will use to further define the short term trend for day trading purposes.

This indicator is universal in nature and can be used on any bar chart, any market, any time frame.


There are two inputs associated with the JFC Real Time Pivot Indicator, SENS1 and PLT.

The SENS1 input will directly vary the sensitivity of the indicator plots. Lower values will decrease the sensitivity markedly. From a practical point of view, it is unlikely that values less than 5 will produce results which will be useable by the trader. Settings at this level or lower will produce few, if any, trading signals with the possible exception of a very short time frame on a volatile issue, as in a 5 tick chart of the S&P 500 futures market.

Greater values will increase the sensitivity of the indicator and result in more plots being placed on the screen, and thus a greater number of trading signals.

Generally, the less volatile contracts / issues and higher time frames, such as 30 minute charts, will require higher values to produce an adequate number of viable trading signals.

The PLT input, as is the case with several other indicators, simply sets the plot parameters for the red and blue dots. The value represents the distance from the price bars at which the significant dots will appear. The indicator is defaulted to .2  which is adequate for most stock issues and indices. When using this tool on the Treasury Bond charts, or any other item scaled in 32 nds, you will need to use an input value of .01 to .05 to get a useable plot.


The JFC Real Time Pivot has two plots, RTP Buy, which is defaulted to Blue and appears as a blue dot below the price bars, and RTP Sell, which appears as a red dot above the price bars.


The scaling of this indicator must be set to Same as price data. Other settings will result in plots, while accurate, will be difficult to interpret.


The Properties screen for the JFC Real Time Pivot Indicator should be set up as shown above.

There is an alert programmed as a part of this indicator which will notify the user as both the buy and sell signals appear on the price charts in real time.

While it may be tempting to enable the Update every tick box in anticipation of getting a quicker signal from this indicator, this can be a dangerous activity.

The programming for this tool acts in such a manner that the conditions which are required to qualify the price bar in question for a red or blue dot may be satisfied while the bar is forming but not be satisfied when the bar is completed. Since this is the case, a dot could appear above or below a bar while the bar is being formed but not disappear when the bar closes. It is thus possible to get a false signal from this indicator by checking the Update every tick box. It is strongly suggested that you not do so.


The JFC Real Time Pivot, as with our two previous programs, is continuously searching for its own version of exhaustion on your price chart. It does its work using a totally separate mathematical process than is used in any of the other three exhaustion indicators.

Although this tool is one that can be used as a stand alone indicator, we feel it is best utilized in combination with the other three exhaustion indicators.

If it is your method to use this indicator by itself, it is strongly recommended that you use the JFC Entry Point Indicator as your final trading tool.

The JFC Real Time Pivot will frequently issue multiple sell orders in a rapidly rising market and buy orders in a rapidly falling market. The use of the JFC Entry Point indicator will be of great benefit to you for the exact definition of an entry price, thus giving you a much higher probability of a successful trade.

The appearance of a blue dot below the price bar is an indication of downside exhaustion and a confirmation that we are entering a price zone where a buy order should be considered.

When a red dot is observed above a price bar the program is identifying upside exhaustion, confirming that the market in entering a zone in which a sell situation may arise.


The JFC Real Time Pivot, in most instances, will not be the first indication of short term exhaustion on your screen. This will of course vary with the sensitivity settings of the indicators you have on your chart, but as the individual indicators are defaulted, the JFC Real Time Pivot will most frequently appear after we get our heads up warning from the JFC Reversal Indicator and prior to signals from JFC Exhaustion.

The normal sequence of indicator appearance is 1st, JFC Reversal, 2nd  JFC Real Time Pivot, 3rd JFC Exhaustion and 4th, JFC Cluster. With the above in mind, consider the use of the JFC Real Time Pivot as a confirmatory signal that we are entering a zone where a trade will be probable pending the activity of the other tools in your trading library.


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