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The classical floor pivots are different from those below. I've found the
ones below to work equally well as the classical ones. The ones on your
chart might be a bit different and might use (O+H+L+C)/4 instead of
(H+L+C)/3. And then sometimes they use the open of the new day instead of
the close of the previous day and make the change after the opening range is
known.
bobr
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, August 14, 2001 11:40 AM
Subject: Re: [RT] Mkt - ESU1 August profile off topic
> Yes, those lines are, if those are daily bars, are based on the previous
> day's H-L range. The formula for the center white line is
> CL = (H+L+C)/3. The other lines are R1 =CL +0.5*(H-L) and R2=CL+1*(H-L),
> and R3=CL+ 1.5*(H-L). Similarly for the S1,2,3 lines. Sometimes you will
> see R1= CL+0.5*(H-L) and R2 = CL+0.618*(H-L), and R2 = CL+1.0*(H-L).
>
> bobr
>
> ----- Original Message -----
> From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, August 14, 2001 11:21 AM
> Subject: Re: [RT] Mkt - ESU1 August profile off topic
>
>
> > Bob,
> >
> > Do these pivot lines agree with anything you use?
> >
> > They are the default supp-res lines in the software.
> >
> > Seem to be regarded by price.
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
>
> To unsubscribe from this group, send an email to:
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>
>
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>
>
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