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And here the most simple and fast version :
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dia:=DayOfWeek()<>Ref(DayOfWeek(),-1);
yestHi:= Ref(HighestSince(1,dia,H),-1);
yestLo:= Ref(LowestSince(1,dia,L),-1);
yesclo:= Ref(CLOSE,-1);
Pp:=(yesthi+yestlo+yesclo)/3;
r1:=(2*pp)-yestlo;
s1:=(2*pp)-yesthi;
r2:=pp+(r1-s1);
s2:=pp-(r1-s1);
ValueWhen(1,dia,r2);
ValueWhen(1,dia,r1);
ValueWhen(1,dia,pp);
ValueWhen(1,dia,s1);
ValueWhen(1,dia,s2);
---------------------------------------
greetings >--->
--- In equismetastock@xxxxxxxxxxxxxxx, "John Roberts" <jcr@xxxx>
wrote:
>
> 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.
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