Re: Daily support resistance/lines

["Roger L. Shepherd" <mailrs@xxxxxxxxxx>]

Hello Chad,

Friday, November 16, 2001, 12:03:20 PM, you wrote:

C> Is anyone familiar with and know of a ELA that will plot daily
C> Pivot,R1,S1,R2,S2 lines on a intra day chart?

C> Thanks
C> Chad

Here are 2 idicators, the first plots the pivot and the second plots
the support and resistance lines.  These are to be used on intraday
charts.

{Pivot calc by Roger Shepherd 11/1/00 Pivot.  Use in conjunction with
PivotSuppResistance to Plot Resistance 1&2 and Support 1&2}
VARS:Pivot(0),R1(0),R2(0),S1(0),S2(0);
Pivot=(HighD(1)+LowD(1)+CloseD(1))/3;              
{R1=(2*Pivot[1])-LowD(1);              
S1=(2*Pivot[1])-HighD(1);              
R2=Pivot[1]+(R1-S1);         
S2=Pivot[1]-(R1-S1); }                  
plot1(Pivot,"Pivot");

{Pivot calc by Roger Shepherd 11/1/00 Pivot not plotted as only can plot 4 lines.
Use with Pivot indicator which plots the pivot}
VARS:Pivot(0),R1(0),R2(0),S1(0),S2(0);
Pivot=(HighD(1)+LowD(1)+CloseD(1))/3;              { day 1 decline }
R1=(2*Pivot[1])-LowD(1);              { day 2 decline }
S1=(2*Pivot[1])-HighD(1);              { day 3 decline }
R2=Pivot[1]+(R1-S1);         { avg 3 day decline }
S2=Pivot[1]-(R1-S1);                   { anticipated low } 
{plot1(Pivot,"Pivot");}                 { day1 2nd decline }
plot1 (S2,"2nd Spt");
plot2(R1,"1st Rst");  { day 1 incline }
 
plot3(R2,"2nd Rst");  {day1 2nd incline}

plot4(S1,"1st Spt");


-- 
Best regards,
 Roger                            mailto:mailrs@xxxxxxxxxx