Re: [EquisMetaStock Group] Hi Everyone- can someone help please

[joo seng <jooseng6@xxxxxxxxxxxx>]

RANGE:=HIGH -LOW ;
PP := (HIGH + LOW + CLOSE)/3;
R1 := (2 * PP) - LOW;
R2 := PP + RANGE;
R3 := H + 2 * (PP - L); {same as: R1 + RANGE}
R4 := R3 + RANGE;
S1 := (2 * PP) - HIGH;
S2 := PP - RANGE;
S3 := L - 2 * (H - PP); {same as: S1 - RANGE}
S4 := S3 - RANGE;
R4;R3;R2;R1;PP;S1;S2;S3;S4;


sachinsac31 <no_reply@xxxxxxxxxxxxxxx> wrote:          Hi everyone,

I'm trying to convert this formula into an indicator can some please 
help thanks.

Woodie Pivot Points

The formula used in the calculation of Woodie Pivot Points are:

R4 = R3 + RANGE
R3 = H + 2 * (PP - L) (same as: R1 + RANGE)
R2 = PP + RANGE
R1 = (2 * PP) - LOW
PP = (HIGH + LOW + CLOSE) / 3
S1 = (2 * PP) - HIGH
S2 = PP - RANGE
S3 = L - 2 * (H - PP) (same as: S1 - RANGE)
S4 = S3 - RANGE

Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot 
Point, S1 through S4 are support levels 1 to 4, RANGE is the High 
minus the Low for the given time frame (usually daily). 

Thank you very much



                         

       
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