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Say Preston, thanks, that looks good.
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Frank,
>
> The pivot is
>
> Pivot:= (LastHigh + LastLow + LastClose) /3;
>
> So you could use an indicator that plots just the pivot with a 3
or
> 5 sma like this.
>
> mov(pivot,3,s) for a 3 day
> mov(pivot,5,s) for a 5 day
>
> Preston
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "stonesouls207"
> <stonesouls207@> wrote:
> >
> >
> >
> > Hi Jose, What I am trying to do is draw a 3 and 5 SMA of the
actual
> > Pivot Points based on the standard Pivot Point calculation
against
> the
> > plotted shown Pivot Point for each day, as shown in figure 4.
> >
> > I would also like to do a exploration based on the buy and sell
> strategy
> > as shown on figure 5.
> >
> > Here's a quote from the article:
> >
> > "Since this technique is useful for short-term trading, it maybe
> worth
> > your while to determine the short-term trend. Analyst Neil
> Weintraub
> > introduced a methodology to help determine both the daily and
> short-term
> > trends using pivot points. Besides looking at just the pivot
> points, he
> > also uses their average. The period you use for calculating the
> average
> > depends on what works best for you. After experimenting with
> various
> > periods, I found the three-day average of the pivots to be the
most
> > useful with which to determine the daily trend. I update the
three-
> day
> > average on a daily basis and compare it to the pivot point. If
the
> daily
> > pivot is higher than the three-day average, it is indicative of a
> > positive trend. If, on the other hand, it is lower, that
indicates
> a
> > negative trend. Next, I look at the five-day moving average to
> determine
> > the weekly trend. If the pivot is above the average, a bullish
> trend is
> > indicated. If it is below, that is a bearish sign (Figure 4).
> >
> > If both the daily and weekly trend shows bullish strength, I
> consider
> > going long. Conversely, if both show a bearish trend, I consider
> > shorting. If there are conflicting signals, I stay out of the
> market.
> > This method helps to get a broader picture of the market."
> >
> > Thanks, Frank
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva"
<josesilva22@>
> > wrote:
> > >
> > > Check out the intraday pivots code found here:
> > > http://www.metastocktools.com/MACDH/Forex.htm
> > >
> > >
> > > jose '-)
> > > http://www.metastocktools.com
> > >
> > >
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx,
> > > "stonesouls207" stonesouls207@ wrote:
> > > >
> > > > Hi All, I just loaded a PDF file on pivot point trading into
> the
> > > > files section.
> > > >
> > > > Seems that this is a great article on the subject.
> > > >
> > > > It would be great if some of you code writers out there
could
> post
> > > > a indicator and exploration based on the article.
> > > >
> > > > Thanks,
> > > > Frank
> > >
> >
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
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