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I dicetionary using the latter on a regular basis.
Have built mechanical swing trading systems using the former but don't find 'em
as good as other mechanical systems I've developed.
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Tom
Strickland
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Saturday, April 06, 2002 4:33
PM
Subject: Re: How can I get a Line of the
Pivot Point
Now girls, let's not be rude!
I think the problem here is that there are two
different definitions of "pivot point." One is the short-term high or low of
prices, and represents a "turning point" in short-term direction. The other
definition uses the "typical price" to determine short-term direction and to
define support and resistance. These two different "pivot point" definitions
don't refer to the same price phenomena.
Question: Has anyone on this list made consistent
money using either of these definitions?
Tom Strickland
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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: Saturday, April 06, 2002 8:20
AM
Subject: RE: How can I get a Line of
the Pivot Point
<FONT face=Arial
size=2>John:
<FONT face=Arial
size=2>
it would be
helpful if you posted what you think should be the correct instructions
without any unnecessary comments.
<FONT face=Arial
size=2>Lionel
<FONT face=Tahoma
size=2>-----Original Message-----From: <A
href="mailto:owner-metastock@xxxxxxxxxxxxx";>owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of John
ManascoSent: Saturday, April 06, 2002 6:53 AMTo: <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxxSubject:
Re: How can I get a Line of the Pivot Point
Well to be blunt Neo you don't have a clue as
to what you're talking about!
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
neo
To: <A
title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Friday, April 05, 2002 4:06
PM
Subject: RE: How can I get a Line
of the Pivot Point
<FONT face=Arial color=#008080
size=4>Theo
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>When you removed the definition parameters it will then plot. For
future reference, a variable will only plot if you put the variable name
by itself in the formula, after the definition. If within the formula
follow it with a ";", if it is at the end then the ";" is not
necessary.
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>It would be incorrect to call your formula a pivot point. A pivot
point is a price array where the value(s) before and after are lower for
a high pivot point and the reverse for a low pivot
point.
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>If we wish to communicate then proper use of names is
important. :-)
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>neo
<FONT face=Tahoma
size=2>-----Original Message-----From:
owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of T.E.M.
LockefeerSent: Friday, April 05, 2002 1:05 PMTo:
metastock@xxxxxxxxxxxxxSubject: Re: How can I get a Line of
the Pivot Point
Hello NEO,
1) Thanks .
Please look at my TL
remarks.
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
neo
To: <A
title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Friday, April 05, 2002
6:03 PM
Subject: RE: How can I get a
Line of the Pivot Point
<FONT face=Arial
size=2>
<FONT face=Arial color=#008080
size=4>Theo
<FONT face=Arial color=#008080
size=4>
<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
size=4>
<FONT face=Arial color=#008080
size=4>TL : There are more people who call this the Pivot
Point (what is in a name :) )
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4> Question : what is in your opinion then the formula for
the pivot point ?
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>In your formula you have created a variable (PivotPoint)
[which I might call TypicalPrice]. To get it to display add a second
line to plot the variable: "PivotPoint".
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>TL : i got it to work with (H+L+C)/3;
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>Thanks
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>Theo.
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>
<FONT face=Arial color=#008080
size=4>neo
<FONT
face=Tahoma size=2>-----Original Message-----From:
owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of T.E.M.
LockefeerSent: Friday, April 05, 2002 8:24
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
:
<FONT face=Arial
size=2>PivotPoint:=(H+L+C)/3;
but i donot get the line ? How to do
that ?
Thanks
Theo
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