pivot points

[Anthony Faragasso <ajf1111@xxxx>]

if you are interested in obtaining pivot points and support and
resistence points for next day
trading. load the attached file into the commentary window , also, the
attached doc. file explains their use, and there is also an image file.

anthony.



Attachment:
doc00003.doc
Description: MS-Word document
/* Pivot points and Support and Resistance Points*/
/* for next day trading*/
/* coded by Anthony Faragasso */


maxgraph =8;

p = (h+l+c)/3;
r1 = (2*p)-l;
s1 = (2*p)-h;
r2 = p +(r1 - s1);
s2 = p -(r1 - s1);

graph0=p;
graph1=r1;
graph2 = s1;
graph3= r2;
graph4 = s2;

graph0style = graph1style = graph2style = graph3style = graph4style = 16 + 8;
graph0color = 2;
graph1color = graph2color = 8;
graph3color = graph4color = 6;

graph5 = close;
graph5color = 3;
graph5style = 128;
"";
"------------------------------------------------------------------------------------------------------------";
" PIVOT POINTS AND SUPPORT AND RESISTANCE POINTS ";
"------------------------------------------------------------------------------------------------------------";
"";
"MARKET BEING EVALUATED : " + title = name() + " DATE : " + date();
"";
"TODAY'S CLOSE WAS : "+"( " +writeval(close,format=1.2)+" )";
"----------------------------------------------------------------------------------------------------------------------";
" ******* THESE POINTS ARE VALID FOR NEXT TRADING DAY ******";
"-----------------------------------------------------------------------------------------------------------------------";
"RESISTENCE POINT 2 : ----------------" +writeval(graph3,format=1.2);
"";
"RESISTENCE POINT 1 : ----------------" +writeval(graph1,format=1.2);
"";
" --------------------------------------------------------"+ "("+writeval(graph0,format=1.2)+")" +" PIVOT POINT--------";
"";
"SUPPORT POINT 1 : ----------------------" +writeval(graph2,format=1.2);
"";
"SUPPORT POINT 2 : ----------------------" +writeval(graph4,format=1.2);

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