|
PureBytes Links
Trading Reference Links
|
Hi
Does any one have a Pivot Point indicator that can place the daily support
and resistance lines any intraday chart
I have MetaStock Pro v9
The intermediate support and resistance lines are ok too. – even preferred
eg R 1.5
Formulas used:Pivot point (High + Low + Close) /3
First resistance level R1 = (2 * pp) - L
First support level S1 = (2 * pp) - H
Second resistance level R2 = pp + (R1 - S1)
Second support level S2 = pp - (R1 - S1)
Third resistance level R3=High+(Pivot-Low)
Third support level S3=Low - 2*(High-Low)
Where H, L, C are the previous day's high, low and close, respectively
Thanks in advance
John Roberts.
------------------------ Yahoo! Groups Sponsor --------------------~-->
Try Online Currency Trading with GFT. Free 50K Demo. Trade
24 Hours. Commission-Free.
http://us.click.yahoo.com/DldnlA/9M2KAA/U1CZAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|