Re: [EquisMetaStock Group] WEEKLY CLOSE ON INTRADAY CHARTS

["Roy Larsen" <rlarsen@xxxxxxxxxxxxxx>]

Hi Dhruvesh

 

 

Try this. Note that it does not have the logic to plot on weekly charts, just EOD and intraday. The "G" variable that I normally use for detecting the chart periodicy has been removed as there was a problem with intraday charts. Fixing a problem for a feature that probably wouldn't be used anyway seems a little pointless.

 

  {Weekly Pivot Points Dhruvesh}
  {© 2005 Roy Larsen, www.metastocktips.co.nz}
  {for use on EOD or intraday charts}
Q:=Input("Weekly Pivot Points,  0=Static  1=Dynamic  2=Test",0,2,0);
  {0=Display, update at last bar of day}
  {1=Display, update on each new bar}
  {2=Backtest, update on first bar of new day}
M:=DayOfWeek()<ValueWhen(2,1,DayOfWeek());
F:=PeakBars(1,Zig(DayOfWeek(),1,$),1)=0;
A:=LastValue(Cum(1)-1)=Cum(1);
B:=ValueWhen(2,1,A);
J:=If(F,1,If(Alert(F,2)=0 AND M,2,0));
J:=If(A+LastValue(J)>2 OR B+(Q=1)=2,1,J);
J:=If(Q=2 OR Cum(J)<=1,M*2,J);
Hw:=HighestSince(1,M,H);
Hw:=ValueWhen(1,J,If(J=1,Hw,ValueWhen(2,1,Hw)));
Lw:=LowestSince(1,M,L);
Lw:=ValueWhen(1,J,If(J=1,Lw,ValueWhen(2,1,Lw)));
K:=ValueWhen(1,J,If(J=1,C,ValueWhen(2,1,C)));
Hw:=ValueWhen(1,Hw>0,Hw); {weekly high}
Lw:=ValueWhen(1,Lw>0,Lw); {weekly low}
K:=ValueWhen(1,K>0,K); {weekly close}
PP:=(Hw+Lw+K)/3; {pivot point}
R1:=PP*2-Lw; S1:=PP*2-Hw;
R2:=PP+Hw-Lw; S2:=PP-R1+S1;
PP; R1; R2; S1; S2;

Kind regards

 

Roy Larsen
www.metastocktips.co.nz
Free formulas and MS links

 

 

 

 

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

From: dhruveshbhatt

To: equismetastock@xxxxxxxxxxxxxxx

Sent: Saturday, July 30, 2005 11:18 PM

Subject: [EquisMetaStock Group] WEEKLY CLOSE ON INTRADAY CHARTS

HELLO ROY,

I AM USING METASTOCK 9, I HAVE BEEN USING DAILY CLOSE ON INTRADAY CHARTS

I AM INTERESTED IN PLOTTING WEEKLY CLOSE ON MY INTRADAY CHARTS, PLEASE
HELP IN FRAMING WEEKLY CLOSE ON INTRADAY CHARTS.


THANKS IN ADVANCE

DHRUVESH

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