Woodie Pivots Indicator: Formula, Settings and How to Read It

Woodie Pivots derive their central pivot from the previous session's high, low and close, with the close counted twice: P = (H + L + 2C) / 4. The supports and resistances then use the familiar floor-pivot formulas, applied to that differently weighted pivot.

Senzoukria · Indicators · Updated September 2026

Woodie Pivots ships with the Senzoukria desktop app, in the VWAP & bands group of the indicator catalogue. It is drawn on the price chart.

What Woodie Pivots measures

Double-weighting the close is the entire difference with floor pivots, and it encodes an assumption: that where the session finished carries more information than where it reached. R1 is twice the pivot minus the previous low and S1 is twice the pivot minus the previous high, while R2 and S2 add and subtract the full previous range from the pivot. Because the pivot itself is shifted, every level shifts with it — the same formulas on a different pivot produce a different map, not a duplicate of classic pivots. High, low and close come from the previous session, cut at the 17:00 CT boundary on CME futures.

The formula, as implemented

This is not a description of how the indicator is usually defined elsewhere — it is what the shipped code computes, documented next to the implementation:

Pivots WOODIE depuis H/L/C de la session PRÉCÉDENTE : P = (H + L + 2C) / 4 ← le close pèse DOUBLE (c'est toute la différence avec le pivot floor) : Woodie suppose que la clôture porte plus d'information que les extrêmes R1 = 2P − L S1 = 2P − H R2 = P + (H − L) S2 = P − (H − L) Les formules R1/R2/S1/S2 sont celles des floor pivots — appliquées à un pivot central DIFFÉRENT, elles donnent des niveaux différents : ce n'est pas un doublon de `pivots-classic`.

How to read it

  • When the previous session closed near its high, the Woodie pivot sits above the floor pivot, and the whole ladder rides higher. Comparing the two pivots tells you where in its range the session closed.
  • Treat the pivot as a reference for the session's starting bias: trading above it means price is above a close-weighted estimate of the previous session's value.
  • R1 and S1 are reflections of the previous low and high through the pivot, so they sit closer in than R2 and S2, which are a full previous range away.
  • A session opening beyond R2 or S2 has already travelled the previous range from the pivot before the first trade you see. The levels behind price are not resistance simply because they are drawn.
  • Look at actual trade at the level — absorption in the footprint, resting size in the book — before treating any crossing as meaningful.

What it does not show

Because the close is weighted twice, a single unusual settlement print or a thin close pushes every level for the coming session. The indicator looks only backwards at one session and cannot react to a gap, a news-driven regime change or an abnormally short session. It also offers no third pair of levels, and adding one would not be part of the method. Like all pivots, it marks prices, not liquidity: nothing in the formula knows whether size is resting there.

Using it in Senzoukria

Add it from the Indicators panel of any footprint chart or candle chart. It runs on futures data from Rithmic or Databento and on crypto pairs from Binance and Bybit, on the same engine — the calculation does not change with the venue, only the data feeding it does. Market data subscriptions are billed by the provider, separately from the app.

See the full indicator library, or start with the order flow guide if you are new to reading aggression, delta and absorption.

Frequently asked questions

What is the difference between Woodie pivots and standard pivot points?
Standard floor pivots average the previous high, low and close equally; Woodie pivots use (H + L + 2C) / 4, giving the close double weight. The R1, S1, R2 and S2 formulas are the same in both, so the whole ladder shifts toward the close. When the previous session closed exactly at the midpoint of its range the two pivots are equal, and the further the close sits from that midpoint, the wider the gap between them.
Why does the Woodie pivot count the close twice?
The method assumes the closing price carries more information about accepted value than the session extremes, which are often the result of brief excursions. Doubling the close pulls the pivot toward where the session finished. This is a modelling assumption, not a proven property of markets.
Do Woodie pivots include R3 and S3?
This implementation plots R1, R2, S1 and S2 around the pivot, the levels the method defines. It does not extrapolate a third pair. If you need levels further out, the Fibonacci pivot set projects a full previous range as its third level.

Keep reading

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