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A more recent reference than I gave earlier is TAS&C Feb. 2000 p. 16,
'Pivot Points' by Jayanathi Gopalakrishnan.
HHP
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Malcolm Walsh wrote:
>
> List;
> I have been reading "Trading Systems" by Krutsinger.
> Mention is made of the a pivot formula. A Trade Station
> code is given which involves the average of the high,
> low and close plus some other arithmetic.
>
> I cannot find a reference anywhere that can explain this
> formula or what it's good for.
>
> I am hoping that there is someone who is familiar with
> this formula and could give me a brief explanation or
> a reference.
>
> Thanks
>
> Malcolm
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