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Roy,
"Dynamic" because I couldn't think of another term...
The results in the "static" mode will not change as more data is
added over time, as the formula calculates the pivot point using the
first prd data points, then the next prd data points etc.
In the dynmamic mode, the formula uses the last prd data points, so
as more data is added over time, the result will change i.e it is
dynamic. The same rules about making a system using this data would
apply to the zigzag indicator too.
Hope this helps.
wabbit :D
--- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
wrote:
> Hi Scott
>
> I'm not sure what you mean with your question about dynamic mode.
Possibly you're referring to both
> plots being the same initial value (on my test chart of MRE). If
that's the case then change
>
> UL;
> LL;
>
> to
>
> ValueWhen(1,UL<>LL,UL);
> ValueWhen(1,UL<>LL,LL);
>
> If I've got it wrong, no problem.
>
> Regards
>
> Roy
>
>
> > I offered this formula in a another forum, but have had no
> > feedback...
> >
> > 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.
> >
> > --8><------------------------
> > {Pivots v1.02}
> > {©Copyright 2004 Scott Bunny}
> >
> > {Dynamics:}
> > { 1 - counts from first bar forward}
> > { 2 - counts from last bar backwards}
> >
> > prd:=Input("Periods...[1-260]",1,260,30);
> > multiplier:=Input("Multiplier...[0.1-2.0]",0.1,2,0.5);
> > dynamic:=Input("1-Static, 2-Dynamic...",1,2,2);
> >
> > prds:=If(dynamic=1,Frac(Cum(1)/prd),Frac((LastValue(Cum(1))-Cum(1)
> > +1)/prd));
> >
> > hi:=If(prds=0,HHV(H,prd),PREV);
> > lo:=If(prds=0,LLV(L,prd),PREV);
> > cl:=If(prds=0,C,PREV);
> >
> > pivot:=(hi+lo+cl)/3;
> > range:=(hi-lo)*multiplier;
> >
> > UL:=pivot+range;
> > LL:=pivot-range;
> >
> > UL;
> > LL;
> > --8><------------------------
> >
> > Hope this helps.
> >
> > wabbit :D
> >
> > P.S. Roy/Jose/Henry etc. Is there a neat way to deal with the
first
> > prd bars on the chart when in dynamic mode?
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "Fulvio" <fulami@xxxx>
wrote:
> > > hi,
> > >
> > > is it possible to calculate pivot point with a metastock
> > exploration?
> > >
> > > Thanks,
> > > Fulvio
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
> >
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