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Greetings:
Might one of you code experts know of a way to take values derived from a
daily chart (as below) and use them to create an indicator which can be
placed on an intra-day chart? Then, to have the indicator update at noon,
using todays open, high and low? I am stumped. OR IF YOU HAVE A BETTER IDEA
FOR THE UPDATE TIME AND VALUES TO USE, PLEASE ADVISE. Thank you very much.
Kevin Miles.
Formula for Pivot and Associated Sup/Res Levels
P = Pivot
NH = Next High
HH = Highest High
NL = Next Low
LL = Lowest Low
O = Open
H = High
L = Low
C = Close
P = (H + L + C) /3 (daily values)
NH = (2*P) - L
NL = (2*P) - H
LL = P - (NH - NL)
HH = (P - NL) + NH
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