Re: [EquisMetaStock Group] Re: Pivot Points

["Roy Larsen" <rlarsen@xxxxxxxxxxxxxx>]

Hi TaoTrader

 

Here's a quick and dirty way of doing what you suggest. I'm sure there are a dozen other ways to do the same thing. Just be careful with this variation as the indicator will return N/A if there are no bars for 5pm and later. The timing mechanism is about as basic as you can get. Indicator courtesy of Daytraderteam.

 

  {Daily Pivot Points TaoTrader}
D:=Hour()>=17 AND Ref(Hour(),-1)<17;
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,D,r2);
ValueWhen(1,D,r1);
ValueWhen(1,D,pp);
ValueWhen(1,D,s1);
ValueWhen(1,D,s2);

Kind regards

 

Roy Larsen
www.metastocktips.co.nz

 

 

 

----- Original Message -----

From: TaoTrader

To: equismetastock@xxxxxxxxxxxxxxx

Sent: Friday, July 29, 2005 10:02 AM

Subject: Re: [EquisMetaStock Group] Re: Pivot Points

Hello,

Obviously the daily pivots points are adjusted at midnight.  Is there an
easy way to shift the daily pivots to adjust at 5 pm regardless of the
intraday timeframe?

----- Original Message -----
From: "daytraderteam" <daytraderteam@xxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Thursday, July 28, 2005 3:30 PM
Subject: [EquisMetaStock Group] Re: Pivot Points


And here the most simple and fast version :


--------------------------------------
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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