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Hit the delete key if you are bored with hearing about pivots and already
have this code. This code is the .ela version of the fib pivots shown on
the OEX chart earlier today. It has user selected constants so you can
fiddle with the proprietary numbers from secretive people. The defaults are
the popular fibs. Please use the defaults so I can make more profits. The
more who use them the better off we all are. There is absolutely no reason
to keep such numbers secret as that is counterproductive to those of us who
have other leading indicators and can see the turn coming. There is another
input, Pvt that permits the user to select the classical pivot using
(H+L+C)/3 or the Close of yesterday. Set Pvt1 = 1 for the classical, or set
Pvt1=0 for the close pivot. The S and R levels are then referenced to the
type of Pvt1 selected. Please use Pvt=1 because that is what most of the
other traders use. Sometimes being a sheep has its advantage. I have this
repetive dream about coins jumping into my pocket after the last week on
RT. A chart follows in the next post. Be sure to format, scale to price.
I just love RT,
BobR
PS: I claim no originality in this code or application of it. There may be
better ways to code it as I am just a back alley programmer who learned by
looking at a lot of trash.
Attachment Converted: "f:\eudora\attach\Fibpvts.ela"
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