Webinars

Free Registeration for:

Monday session
Wednesday session
Thursday session

ForeXecutor


Free ForeXecutor Demo Account

Pivot Points- Calculations PDF Print E-mail
Because Pivot Points tend to be pretty important, I wanted make sure everyone has the ability to test with them and make changes to the platform as needed.
Here are my calculations for the Pivot Points. These are set up so that you can look at the pivot point over a long term chart and can plan your strategy appropriately.
Local dayC = getValue("1 day  10 yr.", Close[1])
Local dayH = getValue("1 day  10 yr.", High[1])
Local dayL = getValue("1 day  10 yr.", Low[1])

Local MyPivot, H1, H2, H3, L1, L2, L3

MyPivot = (dayH + dayL + dayC) / 3

H1 = (2 * MyPivot)- DayL
L1 = (2 * MyPivot)- DayH

H2 = (MyPivot - L1) + H1
L2 = (MyPivot - (H1 - L1)

L3 = dayL-(dayH-dayL)
H3 = dayH+(dayH-dayL)

//Additional code for pivots.
//If you want to use this additional code then remove the “//” in front of the code and add them in front //of the above code.
//H3 = (MyPivot - L2) + H2
//L3 = MyPivot - (H2 -L2)



//Indicator Ind1
Indicator Ind1
Ind1.Channel=0
Ind1.Color="Blue"
Ind1.Thickness= 2
Ind1.Value=H1
Ind1.Draw

//Indicator Ind2
Indicator Ind2
Ind2.Channel=0
Ind2.Color="Green"
Ind2.Thickness= 2
Ind2.Value=H2
Ind2.Draw

//Indicator Ind3
Indicator Ind3
Ind3.Channel=0
Ind3.Color="Red"
Ind3.Thickness= 2
Ind3.Value=H3
Ind3.Draw

//Indicator Ind4
Indicator Ind4
Ind4.Channel=0
Ind4.Color="Purple"
Ind4.Thickness= 2
Ind4.Value=MyPivot
Ind4.Draw

//Indicator Ind5
Indicator Ind5
Ind5.Channel=0
Ind5.Color="Blue"
Ind5.Thickness= 2
Ind5.Value=L1
Ind5.Draw

//Indicator Ind6
Indicator Ind6
Ind6.Channel=0
Ind6.Color="Green"
Ind6.Thickness= 2
Ind6.Value=L2
Ind6.Draw

//Indicator Ind7
Indicator Ind7
Ind7.Channel=0
Ind7.Color="Red"
Ind7.Thickness= 2
Ind7.Value=L3
Ind7.Draw
forex daily chart
Comments
Add New Search
+/-
Write comment
Name:
Email:
 
Website:
Title:
UBBCode:
[b] [i] [u] [url] [quote] [code] [img] 
 
 
:angry::0:confused::cheer:B):evil::silly::dry::lol::kiss::D:pinch:
:(:shock::X:side::):P:unsure::woohoo::huh::whistle:;):s
 
Please input the anti-spam code that you can read in the image.

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."