Alex,
Here are some pivot point indicators -
PPointLow:
Periods:= Input("Periods",2,250,10);
If(Ref(L,-1) = Ref(LLV(L,Periods),-1) AND
C > Ref(H,-1) OR
Ref(L,-2) = Ref(LLV(L,Periods),-2) AND
C > Ref(H,-2) OR
Ref(L,-3) = Ref(LLV(L,Periods),-3) AND
C > Ref(H,-3),1,0)
PPointHigh:
Periods:= Input("Periods",2,250,10);
If(Ref(H,-1) = Ref(HHV(H,Periods),-1) AND
C < Ref(L,-1) OR
Ref(H,-2) = Ref(HHV(H,Periods),-2) AND
C < Ref(L,-2) OR
Ref(H,-3) = Ref(HHV(H,Periods),-3) AND
C < Ref(L,-3),-1,0)
PPointLowFail:
Periods:= Input("Periods",2,250,10);
If(Ref(L,-2) = Ref(LLV(L,Periods),-2) AND
Ref(C,-1) > Ref(H,-2) AND C < Ref(L,-2) OR
Ref(L,-3) = Ref(LLV(L,Periods),-3) AND
Ref(C,-2) > Ref(H,-3) AND C < Ref(L,-3) OR
Ref(L,-4) = Ref(LLV(L,Periods),-4) AND
Ref(C,-3) > Ref(H,-4) AND C < Ref(L,-4) OR
Ref(L,-5) = Ref(LLV(L,Periods),-5) AND
Ref(C,-4) > Ref(H,-5) AND C < Ref(L,-5) OR
Ref(L,-6) = Ref(LLV(L,Periods),-6) AND
Ref(C,-5) > Ref(H,-6) AND C < Ref(L,-6) OR
Ref(L,-7) = Ref(LLV(L,Periods),-7) AND
Ref(C,-6) > Ref(H,-7) AND C < Ref(L,-7),-1,0)
PPointHighFail:
Periods:= Input("Periods",2,250,10);
If(Ref(H,-2) = Ref(HHV(H,Periods),-2) AND
Ref(C,-1) < Ref(L,-2) AND C>Ref(H,-2) OR
Ref(H,-3) = Ref(HHV(H,Periods),-3) AND
Ref(C,-2) < Ref(L,-3) AND C>Ref(H,-3) OR
Ref(H,-4) = Ref(HHV(H,Periods),-4) AND
Ref(C,-3) < Ref(L,-4) AND C>Ref(H,-4) OR
Ref(H,-5) = Ref(HHV(H,Periods),-5) AND
Ref(C,-4) < Ref(L,-5) AND C>Ref(H,-5) OR
Ref(H,-6) = Ref(HHV(H,Periods),-6) AND
Ref(C,-5) < Ref(L,-6) AND C>Ref(H,-6) OR
Ref(H,-7) = Ref(HHV(H,Periods),-7) AND
Ref(C,-6) < Ref(L,-7) AND C>Ref(H,-7),1,0)
What you'll generally find is that the failure of your sample pivot point is more profitable than the pivot point itself.
To: equismetastock@xxxxxxxxxxxxxxx
From: a.spiroglou@xxxxxxxxx
Date: Thu, 29 Jan 2009 18:49:30 +0000
Subject: [EquisMetaStock Group] Pivot Point Reversal
Dear Listmembers,
I am interested in coding a pivot point reversal Expert Advisor /
Indicator.
![]() Pivot Low
On the internet I found http://trader.online.pl/MSZ/e-st-Pivot_Points_All.html
However I have a few modifications on the methodology used based
on various methodologies.
(Tom Demark, Modified Colver System, etc)
If anyone would be interested in coding it, I could provide the
rules.
thank you in advance
Alex
{RU}
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