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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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