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I think we have a nonclamenture difficulty. A
traders's pivot is often represented by yesterday's (H+L+C)/ 3. There are a
number of these. Some work some days and some work on others. However, pivot are
often used synonymously with swing high & swing low. where you look
back for a previous high with x lower bars before e.g. 10 and y e.g. lower
bars after it and vice versa for a swing low. Hope this helps.
DJ
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Lionel
Issen
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx">metastock@xxxxxxxxxxxxx
Sent: Friday, April 05, 2002 7:22
PM
Subject: RE: How can i get a Line of the
Pivot Point
PivotPoint:=(H+L+C)/3<SPAN
class=213112018-05042002> will give you the average price, it cannot give you
a pivot point.
<SPAN
class=213112018-05042002>
Go to the
Equis and Guppy sites I think there are pivot point formulas
there.
<SPAN
class=213112018-05042002>
Lionel
Issen
<FONT face=Tahoma
size=2>-----Original Message-----From: <A
href="mailto:owner-metastock@xxxxxxxxxxxxx">owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of T.E.M.
LockefeerSent: Friday, April 05, 2002 7:24 AMTo:
metastock@xxxxxxxxxxxxxSubject: How can i get a Line of the Pivot
Point
Hello List
I want to see a line of the Pivot Point in my
chart
I have in Indicator Builder :
PivotPoint:=(H+L+C)/3;
but i donot get the line ? How to do that
?
Thanks
Theo
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