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How does one use these pivot points? I plotted the points and am assuming they identify
support and resistance levels, but which ones do you watch for penetration of, all of them?
> ** Original Subject: RE: (Market) US bonds
> ** Original Sender: "Adam Hefner" <vonhef@xxxxxxxxxxxx>
> ** Original Date: Wed, 14 Jun 2000 09:14:48 -0500 (CDT)
> ** Original Message follows...
>
> Mr. Harvey,
> Your observations serve you very well, one of the calculations
> for the monthly high's and low are the same as one of the
> support levels of the pivot point method. I have listed below
> the code you requested for the "Pivot Point" method, the
> first code is the classic pivot point calculation,
> the second two allow the weekly and monthly levels to be
> displayed on a daily bar chart. I have no system test for this
> and have never used or tested these code for trading.
>
> Adam
>
> ---------------------------------
> name= Pivot Point
>
> PP:=Typical();
> R1:=(2*PP)-L;
> S1:=(2*PP)-H;
> R2:=(PP-S1)+R1;
> S2:=PP-(R1-S1);
> R2;
> R1;
> S1;
> ---------------------
>
> name= Pivot Point (weekly)
>
> {Weekly Pivot Point Projection 8/4/99}
> Dw:=If(DayOfWeek()<=Ref(DayOfWeek(),-1),1,0);
> {Weekly Typical Price}
> PP1:=If(Dw=1,
> {then}(Ref(HighestSince(1,Dw=1,H),-1)+
> Ref(LowestSince(1,Dw=1,L),-1) +
> Ref(C,-1))/3,
> {else}0);
> {Weekly High}
> Wh1:=If(Dw=1,
> {then}Ref(HighestSince(1,Dw=1,H),-1),
> {else}0);
> {Weekly Low}
> Wl1:=If(Dw=1,
> {then}Ref(LowestSince(1,Dw=1,L),-1),
> {else}0);
> Wh:=ValueWhen(1,Wh1>0,Wh1);
> Wl:=ValueWhen(1,Wl1>0,Wl1);
> PP:=ValueWhen(1,PP1>0,PP1);
> {Resistance 1}
> R1:=(2*PP)-Wl;
> {Support 1}
> S1:=(2*PP)-Wh;
> {Resistance 2}
> R2:=(PP-S1)+R1;
> {Support 2}
> S2:=PP-(R1-S1);
> R2;
> R1;
> S1;
> S2;
> ------------------------------------
> name= Pivot Point (Monthly)
>
> {Monthly Pivot Point 8/08/99}
> {First Day Of Month}
> Fm:=If(DayOfMonth()<Ref(DayOfMonth(),-1),
> {then}1,
> {else}0);
> {Monthy Pivot Point}
> PP1:=If(Fm=1,
> {then}(Ref(HighestSince(1,Fm=1,H),-1)+
> Ref(LowestSince(1,Fm=1,L),-1) +
> Ref(C,-1))/3,
> {else}0);
> {Monthly High}
> Mh1:=If(Fm=1,
> {then}Ref(HighestSince(1,Fm=1,H),-1),
> {else}0);
> {Monthly Low}
> Ml1:=If(Fm=1,
> {then}Ref(LowestSince(1,Fm=1,L),-1),
> {else}0);
> Mh:=ValueWhen(1,Mh1>0,Mh1);
> Ml:=ValueWhen(1,Ml1>0,Ml1);
> PP:=ValueWhen(1,PP1>0,PP1);
> {Resistance 1}
> R1:=(2*PP)-Ml;
> {Support 1}
> S1:=(2*PP)-Mh;
> {Resistance 2}
> R2:=(PP-S1)+R1;
> {Support 2}
> S2:=PP-(R1-S1);
> R2;
> R1;
> S1;
> S2;
> --------------
>
>
> ----- Original Message -----
> From: Ian Harvey
> To: metastock@xxxxxxxxxxxxx
> Sent: Wednesday, June 14, 2000 5:49 AM
> Subject: Re: (Market) US bonds
>
>
> Hi List,
>
> I am new to the list, watching with interest over the past couple of weeks.
>
> I'm apologise in advance if this has been discussed previously, but I notice Adam's chart
below has 'dots' attached to the bar line. It reminds me of the Pivot Point trading method that
was around a few years ago, mainly down on the floor in Chicago.
>
> If it is so, does anyone have the indicator and system tester for the Pivot Point?
>
> Many thanks, and my thanks to the main contributors of this list ( Walter, Ton, Steve,
Thomas, etc). You certainly give us plenty to think about!
>
> Ian.
>
> ----- Original Message -----
> From: Adam Hefner
> To: metastock@xxxxxxxxxxxxx
> Sent: Wednesday, 14 June 2000 13:00
> Subject: (Market) US bonds
>
>
> Looks like a good position to place a short in the bond market.
> The Days action entered into congestion and we are at the
> projected monthly high levels (yellow dots). MIT short around
> 97-97.1 should be a good spot. I may be wrong!
>
> AH
>
>
>
>
>** --------- End Original Message ----------- **
>
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