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Vishvesh, please *do not remove Copyright/source header information*
from any posted formula. This practice is not only unrespectful to
the original author, but also unethical and illegal.
Missing from your post:
1) Formula source:
http://www.metastocktools.com/MACDH/Forex.htm
2) Part of formula header selectively removed:
---8<--------------------------
©Copyright 2004~2005 Jose Silva
The grant of this license is for personal use
only - no resale or repackaging allowed.
All code remains the property of Jose Silva.
http://metastocktools.com }
---8<--------------------------
jose '-)
http://metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, Vishvesh <vishveshchauhan@xxxx>
wrote:
>
> { Plots daily pivot values on intraday charts.
>
> MetaStock -> Tools -> Options -> Chart Options
> -> untick "Ignore weekend data".
> {===============================}
> { User input }
> pds:=Input("Use Highest/Lowest of past x days",1,260,1);
>
> { Message }
> message:=Input("(Plot on intraday charts)",0,0,0);
>
> { Day's start }
> dStart:=dStart:=DayOfMonth()<>Ref(DayOfMonth(),-1) OR Cum(1)=2;
>
> { Previous x Days' High }
> Hd:=HighestSince(pds,dStart,H);
> Hd:=ValueWhen(1,dStart,ValueWhen(2,1,Hd));
> Hd:=ValueWhen(1,Hd>0,Hd);
>
> { Previous x Days' Low }
> Ld:=LowestSince(pds,dStart,L);
> Ld:=ValueWhen(1,dStart,ValueWhen(2,1,Ld));
> Ld:=ValueWhen(1,Ld>0,Ld);
>
> { Previous Day's Close }
> Cd:=ValueWhen(1,dStart,ValueWhen(2,1,C));
> Cd:=ValueWhen(1,Cd>0,Cd);
>
> { Pivot }
> Pivot:=(Hd+Ld+Cd)/3; {Plot in Green bold}
>
> { Support }
> S1:=2*Pivot-Hd; {Blue}
> S2:=Pivot-(Hd-Ld); {Red}
> S3:=2*Pivot-(2*Hd-Ld); {dark Green}
>
> { Resistance }
> R1:=2*Pivot-Ld; {Blue}
> R2:=Pivot+(Hd-Ld); {Red}
> R3:=2*Pivot+(Hd-2*Ld); {dark Green}
>
> {All mid-pivot levels light Grey}
> M0:=(S2+S3)/2;
> M1:=(S1+S2)/2;
> M2:=(Pivot+S1)/2;
> M3:=(R1+Pivot)/2;
> M4:=(R2+R1)/2;
> M5:=(R3+R2)/2;
>
> { Plot on intraday price charts }
> R3;M5;R2;M4;R1;M3;
> Pivot;
> M2;S1;M1;S2;M0;S3
> {===============================}
> Regards
> Vishvesh
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