[EquisMetaStock Group] PIVOTS [January 2004 TASC magazine]

[<uhehs@xxxxxxxx>]

I have always had an interest in
working with Pivots.  This article was my reminder.

 

But when plotted on an intraday
chart [60 min] the price never seems to reach the pivot [I’m assuming
because price and pivot calculations are dynamic].

 

Anyone have any comments or
suggestions on these or any other Pivot strategies in general?

 

The formula in TASC follows:

 

Pivot:=(H+L+C)/3;

r2:=pivot+(H-L);

r1:=(pivot*2)-L;

s1:=(pivot*2)-H;

s2:=pivot-(r1-s1);

pivot;

r2;

r1;

s1;

s2;

 

 











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