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Here is one method of calculating Pivot Points.
//----------------------------------------------------
// PivotPoints.afl
//
// Traditional pivot points.
// Thought by some to indicate levels of support
// and resistance.
//R2 = P + (H - L) = P + (R1 - S1)
//R1 = (P x 2) - L
//P = (H + L + C) / 3
//S1 = (P x 2) - H
//S2 = P - (H - L) = P - (R1 - S1)
P = (H + L + C) / 3;
R1 = (P * 2) - L;
S1 = (P * 2) - H;
R2 = P + (R1 - S1); // P + (H - L)
S2 = P - (R1 - S1); // P - (H - L)
Plot(C,"C",colorBlack,styleCandle);
// Displace the plot of the pivot points one bar
// to the right.
// Pivot points are based on the current bar,
// but are thought to provide indication of
// support and resistance for the next bar.
//
Displace=1;
Plot(R2,"R2",colorRed,styleLine,0,0,Displace);
Plot(R1,"R1",colorPink,styleLine,0,0,Displace);
Plot(P,"P",colorBlue,styleLine,0,0,Displace);
Plot(S1,"S1",colorPaleGreen,styleLine,0,0,Displace);
Plot(S2,"S2",colorGreen,styleLine,0,0,Displace);
//Figure 8.5 Pivot Points
//------------------------------------------
Thanks,
Howard
www.quantitativetradingsystems.com
On 6/25/07,
jjj_98 <jjj_98@xxxxxxxxx> wrote:
Does anyone know if there is any code for pivots for futures? What I
mean is for futures, say the Dow mini for example, the pivots are
generally calculated based on 6:15pm Open and 5 pm Close (the following
day). I assume that there is code for this already but have not been
able to find it. Hopefully there is otherwise a few days of programming
in the works for me.
thx,
Fred
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