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Hi guys,
I am investing time on pivots. I have find some good results with a simple
formula :
Long enter :
A1:=PriceChannelHigh(8);
A2:=PriceChannelLow(8);
A3:=(O+H+L+C)/4;
A4:=(A1+A2)/2;
A5:=Mov(A4,4,W);
A6:=A1-A5;
A7:=If(A3>A5,1,0);
A8:=If(A3<A5,1,0);
Cross(A3,A5)
Short enter :
A1:=PriceChannelHigh(8);
A2:=PriceChannelLow(8);
A3:=(O+H+L+C)/4;
A4:=(A1+A2)/2;
A5:=Mov(A4,4,W);
A6:=A1-A5;
A7:=If(A3>A5,1,0);
A8:=If(A3<A5,1,0);
Cross(A5,A3)
Exit Long :
A1:=PriceChannelHigh(8);
A2:=PriceChannelLow(8);
A3:=(O+H+L+C)/4;
A4:=(A1+A2)/2;
A5:=Mov(A4,4,W);
A6:=A1-A5;
A7:=ValueWhen(1,Cross(A3,A5),A3-A5);
A8:=A5+A7;
Cross(A8,A3);
Exit Short :
A1:=PriceChannelHigh(8);
A2:=PriceChannelLow(8);
A3:=(O+H+L+C)/4;
A4:=(A1+A2)/2;
A5:=Mov(A4,4,W);
A6:=A1-A5;
A7:=ValueWhen(1,Cross(A5,A3),A3-A5);
A8:=A5+A7;
Cross(A3,A8);
If somebody would like to cooperate to build or to ehance such a system,
ideas are welcomed.
I think, that could be added, some conditions as not to enter long if
close<open etc....
Maybe mixing this system with some indicators...
Well, if it can interest this group to work on that....
Regards
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