[Metastockusers] Classic pivots vs. Avg. True Range pivots

[<uhehs@xxxxxxxx>]

<span
>I&#8217;m
interested to hear opinions for/against using one of these over the other.

<span
>I
do know that Classic pivot points, below, are what floor traders are looking
at, so why even consider the ATR Pivots?

 

<span
>{Classic
Pivots}

Pivot:=(Ref(H,-1)+Ref(L,-1)+Ref(C,-1))/3;

r2:=pivot+(Ref(H,-1)-Ref(L,-1));

r1:=(pivot*2)-Ref(L,-1);

s1:=(pivot*2)-Ref(H,-1);

s2:=pivot-(r1-s1);

r2;

r1;

pivot;

s1;

s2;

 

<span
>{ATR
Pivots}

periods:=Input("ATR
Periods?",1,100,10);

TH:=If(Ref(C,-1) >
H,Ref(C,-1),H);

TL:=If(Ref(C,-1) <
L,Ref(C,-1),L);

TR:=TH-TL;

R#1:=C+Mov(TR,periods,S);

S#1:=C-Mov(TR,periods,S);

Ref(R#1,-1);Ref(S#1,-1);

 











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