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I would love to use this. Would you please tell me how and where this goes in Metastocks (8.0). I am learning more and more but still have difficulty with where things go. Marshall
-------Original Message-------
From: equismetastock@xxxxxxxxxxxxxxx
Date: Saturday, March 06, 2004 12:15:32
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] Re: pivot point
Fulvio,I use this formula to plot weekly pivots on my charts. Dw:=If(DayOfWeek()<=Ref(DayOfWeek(),-1),1,0);{Weekly Typical Price}PP1:=If(Dw=1,{then}(Ref(HighestSince(1,Dw=1,H),-1)+Ref(LowestSince(1,Dw=1,L),-1) +Ref(C,-1))/3,{else}0);{Weekly High}Wh1:=If(Dw=1,{then}Ref(HighestSince(1,Dw=1,H),-1),{else}0);{Weekly Low}Wl1:=If(Dw=1,{then}Ref(LowestSince(1,Dw=1,L),-1),{else}0);Wh:=ValueWhen(1,Wh1>0,Wh1);Wl:=ValueWhen(1,Wl1>0,Wl1);{Pivot Point}PP:=ValueWhen(1,PP1>0,PP1);{Resistance 1}R1:=(2*PP)-Wl;{Support 1}S1:=(2*PP)-Wh;{Resistance 2}R2:=(PP-S1)+R1;{Support 2}S2:=PP-(R1-S1);R2;R1;PP;S1;S2;Fulvio wrote:
>I now offer it to you. If this is what you are looking for, great!>If not, let me know and I will modify it to suit.Thanks, I would like to calculate pivots point (s1, s2, s3, r1, r2, r3) ofmy securities, for example you can try this tool:http://www.laborsaditutti.it/pivotpoint.aspto use this italian tool insert high, low, close and click "Calcola ilvalore", it's great!Fulvio
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