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FxCur@xxxxxxx wrote:
>
> Walt,
>
> Do you have a particular pivot point calculation you find works well in the
> currencies, bonds & S&P? I would appreciate it if you could share it with me.
>
> Richard J. Chehovin
Richard,
I assume we are talking about ONE generic pivot point which we might
use to conclude that the market is short-term bearish or bullish?
Use the following formula:
(Last 3 highs + Last 3 Lows + Last 3 Closes) / 9
In TradeStation:
Value1 = (Average(H,3)+Average(L,3)+Average(C,3))/9
Plot1(value1,"Pivot");
Walt Downs
CIS Trading
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