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MOM is almost certainly momentum or ROC (rate of change). It is either
the percent change over n-bars, or the actual price change over n-bars.
I do not use pivots. Might want to ask Bob Hunt.
Steve
> RAY RAFFURTY wrote:
>
> Hi RT's,
>
> 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.
>
> 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.
>
> 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.
>
> Good luck and
> good trading,
>
> Ray Raffurty
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Tel: 201-995-0845
Fax: 201-995-0846
Email: swp@xxxxxxxxxxxxxxx
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