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Pivot price was Programming Bill Williams fractals To: <metastock@xxxxxxxxxxxxx> Subject: Pivot price was Programming Bill Williams fractals From: "Lonnie Lepp" <tllepp@xxxxxx> Date: Fri, 26 Jan 2001 23:46:24 -0600 Importance: Normal In-Reply-To: <4.2.1.20010126154404.00bc9ba0@xxxx> Reply-To: metastock@xxxxxxxxxxxxx Sender: owner-metastock@xxxxxxxxxxxx |
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Pivot Price Indicator {The calculation for the new day are calculated from the High (H), low (L) and close (C) of the previous day.} {P = Pivot Price} (H + L + C)/3; {R1 = 1st Resistance} (2*((H + L + C)/3))-L; {S1 = 1st Support} (2*((H + L + C)/3))-H; {R2 = 2nd Resistance } (((H + L + C)/3)-((2*((H + L + C)/3))-H))+((2*((H + L + C)/3))-L); {S2 = 2nd Support} ((H + L + C)/3)-(((2*((H + L + C)/3))-L)-((2*((H + L + C)/3))-H)) |
Good luck no guarantees Make your own decisions Lonnie Lepp tllepp@xxxxxx | |
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