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Re: PROG - TS code and .ela for Pivot related system


  • To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
  • Subject: Re: PROG - TS code and .ela for Pivot related system
  • From: "Gaetano A. Evangelista" <ageitaly@xxxxxx>
  • Date: Tue, 30 Sep 1997 10:08:47 -0700 (PDT)

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>Very interesting post from Clyde Lee, >does anyone know the code for Metastock ? >It could help a lot
Mark, here is the pivot point system, taken from my Metastock for Dos custom formula:

159 Pivot point 1 (H+L+C)/3
160 Pivot point 2 (1a resistenza) (2*fml(#159))-L
161 Pivot point 3 (1o supporto) (2*fml(#159))-H
162 Pivot point 4 (2a resistenza) (fml(#159)-fml(#161))+fml(#160)
163 Pivot point 5 (2o supporto) fml(#159)-(fml(#160)-fml(#161))

Obviously, you have to change it if you prefer to add the open too. This is the system taught by William Greenspan on his article for Tasc. I employ it by an exploration which shows me all the securities I follow, together with their support/resistence levels.
ciao





%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Gaetano Arnaldo Evangelista - BARI (Italy) E-mail: ageitaly@xxxxxx URL: http://www.geocities.com/wallstreet/8492 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%