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Shown below is what I believe to be the correct Larry Williams formula for
calculating
pivot points and the last in the series to complete this project.
Hi + Lo + Close divided by 3 = Pivot
Hi - Lo = Range
Resistance 1 = P +R
Resistance 2 = Support 1 + R (See S1 Below)
Support 1 = (P + CL ) divided by 2 - (1/2 R)
Support 2 = P - R
I want to thank Harley Meyer for "bailing me out" by getting this info out
to all
who expressed an interest. Also, I know some of you were pretty darned mad
about his posting to all on this forum even though you didn't have an
interest.
Next time, I will be more thoughtful about how to effectively carry a
project to
completion vis a via handling the information. I have learned from this
too!
Re all the formulas, after you've had a chance to evaluate the material,
I'd
certainly like any feedback you have regarding their practical usefulness
to trading.
Also, thank all of you who offered to help distribute the formulas. Later.
Charles Meyer.
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