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Seow, this indicator code will get you started:
====================
Monthly custom Pivot
====================
---8<-----------------------------------------
{ Plots main pivot monthly value on EOD charts.
Adapted from:
http://www.metastocktools.com/MACDH/Forex.htm
©Copyright 2004~2006 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 }
{ User inputs }
pds1:=Input("Pivot's monthly SMA periods",
1,120,5);
pds:=Input("Use Highest/Lowest of past x months",1,12,1);
{ Month's start }
start:=Month()<>Ref(Month(),-1) OR Cum(1)=2;
{ Previous x Months' High }
Hd:=HighestSince(pds,start,H);
Hd:=ValueWhen(1,start,ValueWhen(2,1,Hd));
Hd:=ValueWhen(1,Hd<>0,Hd);
{ Previous x Months' Low }
Ld:=LowestSince(pds,start,L);
Ld:=ValueWhen(1,start,ValueWhen(2,1,Ld));
Ld:=ValueWhen(1,Ld<>0,Ld);
{ Previous Month's Close }
Cd:=ValueWhen(1,start,ValueWhen(2,1,C));
Cd:=ValueWhen(1,Cd<>0,Cd);
{ Pivot }
pivot:=(Hd+Ld+Cd)/3;
{ Monthly SMA }
x:=Cum(start*pivot);
MthSma:=(x-ValueWhen(pds1+1,start,x))/pds1;
{ Plot on price chart }
MthSma; { Red }
pivot; { Blue }
---8<-----------------------------------------
jose '-)
http://metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "cwseow" <cwseow@xxx> wrote:
>
> Hi all,
>
> Need some help here, hope someone can help me with it.
>
> 1) For plotting on charts, I intend to create a pivot point line
> (based on EOD) and a Moving average (userdefine) of the pivot
> point and plot both line on the price chart.
> Pivot = (H+L+C) / 3
>
> 2) For explorer to filter stocks, for Long (when pivot line cross
> above Pivot MA(5)) and vise-versa for short.
>
> 3) For Expert advisor, to indicate Long ( when pivot line cross
> above Pivot MA(5), and vise-versa for Short
>
> Many Thanks in advance.
>
> Best regards,
> ~Seow
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