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<DIV><FONT color=#000000 size=2> <FONT
color=#000000>Hi RT's,</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT color=#000000></FONT></FONT> </DIV>
<DIV><FONT color=#000000 size=2><FONT
color=#000000> I have heard that floor
traders primarily use pivots to trade with since they are simple to calculate
and can be carried into battle on a 3x5 card.</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT color=#000000></FONT></FONT> </DIV>
<DIV><FONT color=#000000 size=2><FONT
color=#000000> Some time ago I
acquired a pivot calculating program off the net. Recently I had some time
to play with it and was quite startled with the accuracy which it calculated the
day's support/resistance. It was a shareware freebie (DOS) with almost no
documentation. Just a black box that you enter the days high, low, &
close. It calculates R2, R1, pivot, S1, S2 and something called Mom.
Oscillator (what ever that is). I have been using the drawing tool in my
charting program to place support, resistance and pivot lines on charts (very
cumbersome) and combining them with a EMA cross to determine the
trend.</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT color=#000000></FONT></FONT> </DIV>
<DIV><FONT color=#000000 size=2><FONT
color=#000000> Can someone please give
me the formula to calculate them? Can they be programmed using MetaStock
language? Also what is "Mom. Oscillator" (no not Monica's
Oscillator). Any strategies or systems using pivots, that anyone can share
would also be appreciated. Thanks in advance.</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT color=#000000></FONT></FONT> </DIV>
<DIV><FONT color=#000000 size=2><FONT
color=#000000>
Good luck and good trading,</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT
color=#000000>
Ray Raffurty</FONT></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat Mar 20 05:59:12 1999
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Date: Fri, 19 Mar 1999 20:52:08 -0600
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From: Joe Frabosilio <joe6964@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Pivot trades
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Hi Ray,
This formula is from Bridge News:
Pivot Point (P) = (H+L+C) / 3
R1= (2 * P) - L
S1= (2 *P) - H
R2= P + (R1 - S1)
S2 = P - (R1 - S1)
Momentum Osc:
(H - O) + (C - L)
------------------ = Momentum Oscillator %
2 *(H - L)
Neal T. Weintraub, wrote Tricks of the Floor Trader, his formula is a
little different. Check your local library for the book.
Yes, you can program this into Metastock program.
TradeWell,
Joe Frabosilio
RAY RAFFURTY wrote:
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