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Hi Scott
Was my suggestion using ValueWhen() of any use?
> "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.
I think you'll find that if you have more data than you load for the chart then your bar one
reference is also dynamic. Each time you add a new bar at the right you drop one off at the left.
This is a good reason for sticking with natural divisions in the data such as weeks or months. Other
divisions such as 30 days are arbitrary and in the situation I've mentioned then whatever end you
use as a reference the result is still "dynamic". I know there are those that want to use this type
of indicator, but it's impossible to backtest. Even when there are less bars in the chart than able
to be loaded the starting bar is going to be arbitrary in nature, the day of the inititial float for
example.
Regards
Roy
PS: It's good to see you contributing with your knowledge and skill. Keep up the good wook.
> 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
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
>
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