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OK, I modified to plot the previous bars’
pivots statically on the current bar.
If anyone can see a reason why this is not
reliable please let us know.
Pivot:=(Ref(H,-1)+Ref(L,-1)+Ref(C,-1))/3;
r2:=pivot+(Ref(H,-1)-Ref(L,-1));
r1:=(pivot*2)-Ref(L,-1);
s1:=(pivot*2)-Ref(H,-1);
s2:=pivot-(r1-s1);
pivot;
r2;
r1;
s1;
s2;
I also dug up previous posts and came up
with this ATR Pivot formula.
Same thing, if anyone can see a reason why
this is not reliable please let us know.
periods:=Input("ATR
Periods?",1,100,10);
TH:=If(Ref(C,-1) > H,Ref(C,-1),H);
TL:=If(Ref(C,-1) < L,Ref(C,-1),L);
TR:=TH-TL;
R#1:=C+Mov(TR,periods,S);
S#1:=C-Mov(TR,periods,S);
Ref(R#1,-1);Ref(S#1,-1);
As far as plotting daily versions of these
on intraday charts - - that’s beyond my capabilities right now, but it
would be great to see [if anyone knows how please post]
<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: Tom Sprunger
[mailto:tlsprunger@xxxxxxxxxxx]
Sent: Monday, December 22, 2003<font size=2
color=black face=Tahoma> <span
>4:19 PM<font
size=2 color=black face=Tahoma>
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock
Group] PIVOTS [January 2004 TASC magazine]
<font size=3 color=black
face="Times New Roman">
<font size=2 color=black
face="Times New Roman">Pivots
are based on PRIOR data, not the current data. Doing your way will base
the pivots on the current bar so you will never hit most of them. For
example if you are using daily pivots, then the pivots for today are based on
the H,L,C from yesterday. They do not change all day today. So to
plot them on today, you may have to use the REF function and reference
yesterday's data. I'm not sure how you plot them forward though.
One of the wizards should be able to tell you how to draw a line forward X periods.
<font size=3 color=black
face="Times New Roman">
<font size=2 color=black
face="Times New Roman">Most
people use the daily pivots and display them on the intraday chart. To
display the daily pivot on today's 60 min chart, you will have to get more
creative because you need the final data from yesterday. You might try
using the SECURITY function and call the daily data. There might be
more elegant solutions, but this should work.
<font size=3 color=black
face="Times New Roman">
<font size=2 color=black
face="Times New Roman">Some
people use "variable" pivots. They recalulate the pivots
intraday. So for example, they use 60 min pivots. You can do this
also by using the Ref function. For this you won't have to use the
SECURITY function, unless you are plotting 60 min pivots on say a 5 min chart.
<font size=3 color=black
face="Times New Roman">
<font size=2 color=black
face="Times New Roman">Try them
both and see which you like. Most people just use the daily ones, but if
you are real active, and trade on 5 min or 1 min charts, you may find a 60 min
pivot or 30 min pivot to be of value.
<font size=2 color=black
face=Arial>-----
Original Message -----
<font size=2
color=black face=Arial>From:<font size=2
color=black face=Arial> uhehs@xxxxxxxx
<font size=2 color=black
face=Arial>To:<span
> <a
href=""
title="Equismetastock@xxxxxxxxxxxxxxx">Equismetastock@xxxxxxxxxxxx Com ; <a
href=""
title="Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxx com ; <a
href=""
title="Sunday_Traders@xxxxxxxxxxxxxxx">Sunday_Traders@xxxxxxxxxxxx Com
<font size=2 color=black
face=Arial>Sent:<span
> Monday, December 22, 2003<font size=2
color=black face=Arial> <span
>10:09 AM
<font size=2 color=black
face=Arial>Subject:<font size=2 color=black
face=Arial>
[EquisMetaStock Group] PIVOTS [January 2004 TASC magazine]
<font size=3 color=black
face="Times New Roman">
<font size=2 color=black
face=Arial>I
have always had an interest in working with Pivots. This article was my
reminder.
<font size=3 color=black
face="Times New Roman">
<font size=2 color=black
face=Arial>But
when plotted on an intraday chart [60 min] the price never seems to reach the
pivot [I’m assuming because price and pivot calculations are dynamic].
<font size=3 color=black
face="Times New Roman">
<font size=2 color=black
face=Arial>Anyone
have any comments or suggestions on these or any other Pivot strategies in general?
<font size=3 color=black
face="Times New Roman">
<font size=2 color=black
face=Arial>The
formula in TASC follows:
<font size=3 color=black
face="Times New Roman">
<font size=2 color=black
face=Arial>Pivot:=(H+L+C)/3;
<font size=2 color=black
face=Arial>r2:=pivot+(H-L);
<font size=2 color=black
face=Arial>r1:=(pivot*2)-L;
<font size=2 color=black
face=Arial>s1:=(pivot*2)-H;
<font size=2 color=black
face=Arial>s2:=pivot-(r1-s1);
<font size=2 color=black
face=Arial>pivot;
<font size=2 color=black
face=Arial>r2;
<font size=2 color=black
face=Arial>r1;
<font size=2 color=black
face=Arial>s1;
<font size=2 color=black
face=Arial>s2;
<font size=3 color=black
face="Times New Roman">
<font size=3 color=black
face="Times New Roman">
<font
size=2 color=black face="Courier New">
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