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Sorry I dont understand. meaning where do I look for the attachment
with alf. Car eto explain further.
Thank you
--- In equismetastock@xxxxxxxxxxxxxxx, sde sde <sdemramuramum@xxx>
wrote:
>
> Hi,
>
> Please see the attachment which has the alf
>
> Regards
>
> M Ramu
>
> 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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