Re: How can I get a Line of the Pivot Point

["T.E.M. Lockefeer" <sky40912@xxxxxxxxx>]

Thanks John
 
Please look at my TL remarks.
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  John Manasco 
  
  To: <A title=metastock@xxxxxxxxxxxxx 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx 
  Sent: Friday, April 05, 2002 8:30 
PM
  Subject: Re: How can I get a Line of the 
  Pivot Point
  
  snip snip
   
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    <FONT face=Arial color=#008080 
    size=4>The formula you have written is for the "typical price" which is a 
    MetaStock parameter. It is an average of the bar with a bias to the close. 
    It is not a formula for a PivotPoint.
    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
    size=4>JM>
    <FONT face=Arial color=#008080 
    size=4>Yes it is the formula for a pivot point. It is the classic formula 
    for a pivot point according to Lucas and Le Beau.
    <FONT face=Arial color=#008080 
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    TL 
    :  i thought it was yes.
    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
    size=4>From  this the pivot high is calculated as either 2 times the 
    pivot point minus the low or pivot point plus the range. The pivot low is 
    either 2 times the pivot point minus the high or pivot point minus the 
    range. Either way it's a good way to plot daily support/resistance 
    lines.
    <FONT face=Arial color=#008080 
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    TL 
    :  This is what i got from a private message also (IdV) and easy 
    testable i think .
    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
    size=4>Thanks again
    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
    size=4>Theo
    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
    size=4>Cheers
    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
    size=4>John Manasco
    <FONT face=Arial color=#008080 
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    <FONT face=Arial color=#008080 
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    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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