|
PureBytes Links
Trading Reference Links
|
a volatility adjusted Pivot type
calculation/analysis for Pivot
type support/resistance calculation:
Add today's opening to the previous day's
high, low and close and divide by four to
give you the new pivot point price
Replace the previous day's close with
today's opening and divide by three to
give you the new pivot point price.
use these new pivot price variants in
calculating the potential support and
resistance prices.
Grant Noble in his book
The Trader's Edge suggests using the traditional
pivot calculation at the opening then shortly
afterwards replace the previous day's close with
the opening price and recalculate the pivot and
use that as the guide for the rest of the day's
trading.
i saw this info @ traders web site & thought it might be of use by some
of the day traders.
mike arnoldi
(going on a 2 wk vacation)
|