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<SPAN
>Try the below to plot
daily on intraday chart. Note you have to have a different pivot indicator
for each security. The below assumes you are trading the
QQQ.
<SPAN
>
<SPAN
><FONT
face="MS Reference Sans Serif">dh:=Security("C:\MetaStock
Data\index\QQQ", H); {put in the path for your
security}<SPAN
>
<SPAN
><FONT
face="MS Reference Sans Serif">dl:=Security("C:\MetaStock
Data\index\QQQ", L); {put in the path for your
security}<SPAN
>
<SPAN
><FONT
face="MS Reference Sans Serif">dc:=Security("C:\MetaStock
Data\index\QQQ", C); {put in the path for your
security}
<SPAN
>
<SPAN
>Pivot:=(Ref(dh,-1)+Ref(dl,-1)+Ref(dc,-1))/3;
<SPAN
>r2:=pivot+(Ref(dh,-1)-Ref(dl,-1));
<SPAN
>r1:=(pivot*2)-Ref(dl,-1);
<SPAN
>s1:=(pivot*2)-Ref(dh,-1);
<SPAN
>s2:=pivot-(r1-s1);
<SPAN
>pivot;
<SPAN
>r2;
<SPAN
>r1;
<SPAN
>s1;
<SPAN
>s2;
<SPAN
>
<SPAN
>Try this and let us
know how it works.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
uhehs@xxxxxxxx
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Monday, December 22, 2003 7:09
PM
Subject: RE: [EquisMetaStock Group]
PIVOTS [January 2004 TASC magazine]
<SPAN
>OK, I modified to
plot the previous bars’ pivots statically on the current
bar.
<SPAN
>If anyone can see a
reason why this is not reliable please let us know.
<SPAN
>
<SPAN
>Pivot:=(Ref(H,-1)+Ref(L,-1)+Ref(C,-1))/3;
<SPAN
>r2:=pivot+(Ref(H,-1)-Ref(L,-1));
<SPAN
>r1:=(pivot*2)-Ref(L,-1);
<SPAN
>s1:=(pivot*2)-Ref(H,-1);
<SPAN
>s2:=pivot-(r1-s1);
<SPAN
>pivot;
<SPAN
>r2;
<SPAN
>r1;
<SPAN
>s1;
<SPAN
>s2;
<SPAN
>
<SPAN
>I also dug up
previous posts and came up with this ATR Pivot formula.
<SPAN
>Same thing, if anyone
can see a reason why this is not reliable please let us
know.
<SPAN
>
<SPAN
>periods:=Input("ATR
Periods?",1,100,10);
<SPAN
>TH:=If(Ref(C,-1) >
H,Ref(C,-1),H);
<SPAN
>TL:=If(Ref(C,-1) <
L,Ref(C,-1),L);
<SPAN
>TR:=TH-TL;
<SPAN
>R#1:=C+Mov(TR,periods,S);
<SPAN
>S#1:=C-Mov(TR,periods,S);
<SPAN
>Ref(R#1,-1);Ref(S#1,-1);
<SPAN
>
<SPAN
>As far as plotting
daily versions of these on intraday charts - - that’s beyond my capabilities
right now, but it would be great to see [if anyone knows how please
post]
<SPAN
>
<FONT face=Tahoma color=black
size=2><SPAN
>-----Original
Message-----From: Tom
Sprunger [mailto:tlsprunger@xxxxxxxxxxx] <SPAN
>Sent: <FONT face=Tahoma
color=black size=2><SPAN
>Monday,
December 22, 2003<SPAN
>
<SPAN
>4:19
PM<SPAN
><SPAN
>To:
equismetastock@xxxxxxxxxxxxxxx<SPAN
>Subject: Re: [EquisMetaStock Group]
PIVOTS [January 2004 TASC magazine]
<FONT face="Times New Roman"
color=black size=3>
<FONT face="Times New Roman"
color=black size=2>Pivots are
based on PRIOR data, not the current data. Doing your way will base the
pivots on the current bar so you will never hit most of them. For
example if you are using daily pivots, then the pivots for today are based on
the H,L,C from yesterday. They do not change all day today. So to
plot them on today, you may have to use the REF function and reference
yesterday's data. I'm not sure how you plot them forward though.
One of the wizards should be able to tell you how to draw a line forward X
periods.
<FONT face="Times New Roman"
color=black size=3><SPAN
>
<FONT face="Times New Roman"
color=black size=2>Most
people use the daily pivots and display them on the intraday chart. To
display the daily pivot on today's 60 min chart, you will have to get
more creative because you need the final data from yesterday. You might
try using the SECURITY function and call the daily data. There
might be more elegant solutions, but this should work.
<FONT face="Times New Roman"
color=black size=3><SPAN
>
<FONT face="Times New Roman"
color=black size=2>Some
people use "variable" pivots. They recalulate the pivots
intraday. So for example, they use 60 min pivots. You can do this
also by using the Ref function. For this you won't have to use the
SECURITY function, unless you are plotting 60 min pivots on say a 5 min
chart.
<FONT face="Times New Roman"
color=black size=3><SPAN
>
<FONT face="Times New Roman"
color=black size=2>Try them
both and see which you like. Most people just use the daily ones, but if
you are real active, and trade on 5 min or 1 min charts, you may find a 60 min
pivot or 30 min pivot to be of value.
<BLOCKQUOTE
>
<FONT face=Arial color=black
size=2><SPAN
>-----
Original Message -----
<FONT
face=Arial color=black size=2><SPAN
>From:<FONT
face=Arial color=black size=2><SPAN
> <A
title=uhehs@xxxxxxxx href="">uhehs@xxxxxxxx
<FONT face=Arial
color=black size=2><SPAN
>To:<FONT
face=Arial color=black size=2><SPAN
> <A
title=Equismetastock@xxxxxxxxxxxxxxx
href="">Equismetastock@xxxxxxxxxxxx
Com ; <A title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxx
com ; <A title=Sunday_Traders@xxxxxxxxxxxxxxx
href="">Sunday_Traders@xxxxxxxxxxxx
Com
<FONT face=Arial
color=black size=2><SPAN
>Sent:<FONT
face=Arial color=black size=2><SPAN
>
<SPAN
>Monday,
December 22, 2003<SPAN
>
<SPAN
>10:09
AM
<FONT face=Arial
color=black size=2><SPAN
>Subject:<FONT
face=Arial color=black size=2><SPAN
>
[EquisMetaStock Group] PIVOTS [January 2004 TASC
magazine]
<FONT face="Times New Roman"
color=black size=3><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>I have always
had an interest in working with Pivots. This article was my
reminder.
<FONT face="Times New Roman"
color=black size=3>
<FONT face=Arial color=black
size=2><SPAN
>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].
<FONT face="Times New Roman"
color=black size=3>
<FONT face=Arial color=black
size=2><SPAN
>Anyone have
any comments or suggestions on these or any other Pivot strategies in
general?
<FONT face="Times New Roman"
color=black size=3>
<FONT face=Arial color=black
size=2><SPAN
>The formula
in TASC follows:
<FONT face="Times New Roman"
color=black size=3>
<FONT face=Arial color=black
size=2><SPAN
>Pivot:=(H+L+C)/3;
<FONT face=Arial color=black
size=2><SPAN
>r2:=pivot+(H-L);
<FONT face=Arial color=black
size=2><SPAN
>r1:=(pivot*2)-L;
<FONT face=Arial color=black
size=2><SPAN
>s1:=(pivot*2)-H;
<FONT face=Arial color=black
size=2><SPAN
>s2:=pivot-(r1-s1);
<FONT face=Arial color=black
size=2><SPAN
>pivot;
<FONT face=Arial color=black
size=2><SPAN
>r2;
<FONT face=Arial color=black
size=2><SPAN
>r1;
<FONT face=Arial color=black
size=2><SPAN
>s1;
<FONT face=Arial color=black
size=2><SPAN
>s2;
<FONT face="Times New Roman"
color=black size=3>
<FONT face="Times New Roman"
color=black size=3>
<P class=MsoNormal
><FONT
face="Courier New" color=black size=2><SPAN
>
<DIV class=MsoNormal
align=center><SPAN
>
<FONT
face="Courier New" color=black size=2><SPAN
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