Thanks all for the info. Some interesting stuff to go through. On Tue, Apr 22, 2008 at 1:45 PM, Howard B <[EMAIL PROTECTED]> wrote:
> Hi Alta -- > > Here is an afl that computes pivot points, then plots them displaced by > one day. If you have definitions of pivot points that work better then > these, please post them back to the forum. > > > > // PivotPoints.afl > // > // Traditional pivot points. > // Thought by some to indicate levels of support > // and resistance. > //R2 = P + (H - L) = P + (R1 - S1) > //R1 = (P x 2) - L > //P = (H + L + C) / 3 > //S1 = (P x 2) - H > //S2 = P - (H - L) = P - (R1 - S1) > P = (H + L + C) / 3; > R1 = (P * 2) - L; > S1 = (P * 2) - H; > R2 = P + (R1 - S1); // P + (H - L) > S2 = P - (R1 - S1); // P - (H - L) > Plot(C,"C",colorBlack,styleCandle); > // Displace the plot of the pivot points one bar > // to the right. > // Pivot points are based on the current bar, > // but are thought to provide indication of > // support and resistance for the next bar. > // > Displace=1; > Plot(R2,"R2",colorRed,styleLine,0,0,Displace); > Plot(R1,"R1",colorPink,styleLine,0,0,Displace); > Plot(P,"P",colorBlue,styleLine,0,0,Displace); > Plot(S1,"S1",colorPaleGreen,styleLine,0,0,Displace); > Plot(S2,"S2",colorGreen,styleLine,0,0,Displace); > //Figure 8.5 Pivot Points > > Thanks, > Howard > www.quantitativetradingsystems.com > > > On Mon, Apr 21, 2008 at 12:37 AM, alta hob <[EMAIL PROTECTED]> wrote: > > > Hi all > > > > > > Anyone here use a pivot indicator as support/resistance for their AB > > trading systems? > > > > I'm not just referring to the Pivot = ( High + Close + Low ) / 3 floor > > trader type pivots but also anything that has been coded to draw lines at > > points where support becomes resistance and vice versa. > > > > Anyone have any experience in this area that they can share/AB code they > > recommend for this? > > > > Also if I am to use monthly bars as a reference when plotting the Pivot > > = ( High + Close + Low ) / 3 but Im in a daily timeframe backtest do I just > > use the timeframeset comand? > > > > > > thanks > > > > >
