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As the subject line says:
I've included a Daily as well as Intraday indicators using pivot points in
the attached ELA file for SC users. Thanks must be extended toward David
Groom...who gave me the basic concept on pivot point trading and his codes
for some of his indicators.
For those too lazy to open up the ELA file using the Power Editor and those
who unfortunately don't have the Power Editor, here's the code for both:
{Intrady Pivot Points}
Vars: DlyPivot(0), Res1(0), Res2(0), Sup1(0),Sup2(0);
DlyPivot = (HighD(1) + LowD(1) + CloseD(1))/3;
Res1 = 2 * DlyPivot - LowD(1);
Sup1 = 2*DlyPivot-HighD(1);
Res2 = DlyPivot-Sup1 + Res1;
Sup2 = DlyPivot - (Res1 - Sup1);
Plot1(Res2,"Resist");
Plot2(Res1,"High Rest");
Plot3(Sup1,"Low Sup");
Plot4(Sup2,"Support");
{Daily Pivot Points}
Vars: DlyPivot(0), Res1(0), Res2(0), Sup1(0), Sup2(0);
DlyPivot = (HighM(1) + LowM(1) + CloseM(1))/3;
Res1 = 2 * DlyPivot - LowM(1);
Sup1 = 2*DlyPivot-HighM(1);
Res2 = DlyPivot-Sup1 + Res1;
Sup2 = DlyPivot - (Res1 - Sup1);
Plot1(Res2,"Resist");
Plot2(Res1,"High Rest");
Plot3(Sup1,"Low Sup");
Plot4(Sup2,"Support"
_____________________________________________
"The mark of a successful commander is the ability to adapt
rapidly to the constantly changing conditions on the field of
battle."
-Carlo D'Este on Field Marshall Walter Model
Attachment Converted: "c:\eudora\attach\Combine1.ela"
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