Re: [Metastockusers] Support/Resistance & Pivot

["Werner pipex" <werner@xxxxxxxxxxxxx>]

Hi,

Here is the daily intraday floor-trader Pivot/Support/Resistance formula.

Happy Trading

Werner

===============================================


{ Daily-Intraday Pivot-Support/Resistance }


{Previous Days OHLC}

  {CLOSE}
A:=Hour()=23 {AND Minute()=xx};
B:=Hour()<ValueWhen(2,1,Hour()) OR Cum(1)=2;
J:=If(A,1,If(Alert(A,2)=0 AND B,2,0));
PDC:=ValueWhen(1,J,If(J=1,C,ValueWhen(2,1,C)));
  {HIGH}
K:=ValueWhen(1,J,HighestSince(1,B,H));
M:=ValueWhen(1,B,HighestSince(2,Alert(B>0,2),Ref(H,-1)));
PDH:=ValueWhen(1,J>0 AND Min(K,M)>0,If(J=1,K,M));
  {LOW}
K:=ValueWhen(1,J,LowestSince(1,B,L));
M:=ValueWhen(1,B,LowestSince(2,Alert(B>0,2),Ref(L,-1)));
PDL:=ValueWhen(1,J>0 AND Min(K,M)>0,If(J=1,K,M));
  {OPEN}
{ValueWhen(2,Hour()<ValueWhen(2,1,Hour()),O);}

{Daily-Pivot}

DPIVOT:=(PDC + PDH+ PDL)/3;
DPIVOT;


r1:=(2*DPIVOT)-PDL;
s1:=(2*DPIVOT)-PDH;

r2:=DPIVOT +(PDH - PDL);
s2:=DPIVOT -(PDH - PDL);

r3:=r2+(PDH-PDL);
s3:=s2-(PDH-PDL);

Mplus:=(DPIVOT+(r1-DPIVOT)/2);
Mminus:=(DPIVOT-(DPIVOT-s1)/2);

Mplus;
Mminus;
r1;
s1;
r2;
s2;







----- Original Message -----
From: "mickie_pitts" <jaguarvp@xxxxxxxxxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Friday, September 26, 2003 5:57 PM
Subject: [Metastockusers] Support/Resistance & Pivot


> Is there a software that you can recommend for Metastock that would
> show S/R/P?  Or is there a formula that you have that you can share/
> Thanks
>
>
>
>
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