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Some of you said the .ela code did not come through so here it is again.
There are two sets of pivots. One for the Support and one for the
Resistance lines. That way you can toggle the sets on/off independantly to
save screen space. Some traders find that the classical pivot of
yesterday's (H+L+C)/3 to not work as well as using yesterday's close or
today's open. The attached pivot code references the pivots to the standard
calculation here. However, you could easily use another Keyline such as
this for display purposes.
Inputs: OC(CloseD(1));
Plot1(OC,"Keyline");
Or if you wanted to use the current day's open then change the input to
OC(OpenD(0)). Often times the classical pivots will hold for the buy
support or sell resistance but the keyline is quite likely to head for
yesterday's close or the current day's open.
Cheers,
BobR
----- Original Message -----
From: <MMclaug323@xxxxxxx>
To: <bobrabcd@xxxxxxxxxxxxx>
Sent: Wednesday, December 29, 1999 5:28 PM
Subject: Re: [RT] GEN - OEX Pivots
> In a message dated 12/29/1999 8:13:48 PM Eastern Standard Time,
> bobrabcd@xxxxxxxxxxxxx writes:
>
> << For those who are new to pivots as used by the pits and thousands of
> traders for years, here is a screen shot of the Classical pivots for the
last
> two days. Also attached is some code for TS and SC to do your own
plotting
> with. Often times the precise high and low come within hundredths of a
point
> using the type of pivots that the majority of traders use.
>
> Joy to all,
> BobR >>
>
>
> Hi Bob, thanks for the post!! I can always count on you to show some
> very interesting aspects!!! Have you ever used these with the S&P market?
You
> had mentioned that the code was attached, but it never made it to my copy.
> Would you have the ela and I will play with it myself? Thanks Again, Mike
>
Attachment Converted: "f:\eudora\attach\Pivots1.ela"
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