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Pivot Price Indicator
Pivot price was Programming Bill Williams fractals
To: <metastock@xxxxxxxxxxxxx>
Subject: Pivot price was Programming Bill Williams fractals
From: "Lonnie Lepp" <tllepp@xxxxxx>
Date: Fri, 26 Jan 2001 23:46:24 -0600
Importance: Normal
In-Reply-To: <4.2.1.20010126154404.00bc9ba0@xxxx>
Reply-To: metastock@xxxxxxxxxxxxx
Sender: owner-metastock@xxxxxxxxxxxx


Pivot Price Indicator

{The calculation for the new day are calculated from the High (H), low (L) and close (C) of the previous day.}

{P = Pivot Price}
(H + L + C)/3;
{R1 = 1st Resistance}
(2*((H + L + C)/3))-L;
{S1 = 1st Support}
(2*((H + L + C)/3))-H;
{R2 = 2nd Resistance }
(((H + L + C)/3)-((2*((H + L + C)/3))-H))+((2*((H + L + C)/3))-L);
{S2 = 2nd Support}
((H + L + C)/3)-(((2*((H + L + C)/3))-L)-((2*((H + L + C)/3))-H))

 

Good luck
no guarantees
Make your own decisions


Lonnie Lepp
tllepp@xxxxxx

Source / From: TOP
http://purebytes.com/archives/metastock/

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