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Prosper,
Thank you for your kind post. I hope you won't mind clarifying a few
questions of mine.
Here is one part of the code I have a question about:
Input: Near(1);
What value should I set this for... or is (1) good?
What has been your experience of this indicator? Is it accurate at
suggesting potential pauses or pivots in the market?
In your first post you mention "The amount is adjustable."... what is
the amount you have used?
My intention is to use this pivot point for showing me intra day levels of
support or resistance. In the Spoos (as you probably know) the floor
traders are notorious for running stops at these levels.
Any other advice or suggestions are welcomed.
Thank you again.
Warmly,
Brian Voiles
At 08:41 PM 2/26/2001, you wrote:
>Hi,
>
>I like this one because it gets off the screen if the price moves far enough
>away. The amount is adjustable. I think this came from Mark Brown.
>
>There are a number of different uses for the pivot point. The main one is as
>an intra day level of support or resistance that often defines the point
>that the price will pivot at. If the price does not pivot there then it
>often continues it's run.
>
>Prosper
>
>----- Original Message -----
>From: "Brian Keith Voiles" <admagic@xxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Monday, February 26, 2001 8:09 PM
>Subject: [RT] Spoos Pivot Point ELA
>
>
> > Can someone share with me a Pivot-Point ELA that they have
> > used effectively in trading the S&P? Please share how you use
> > it specifically. Thanks,
> > Warmly,
> > Brian Voiles
> >
> >
>
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