| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 6/7/2006
Posts: 5
|
CAN I PUT PIVOTPOINT AVERAGES ON TOP OF CHART AS AN INDICATOR. AM INTERESTED IN DAILY, WEEKLY, AND MONTHLY ? IF SO HOW ?
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
I am familiar with Pivot Points but I am not sure what a Pivot Point Average is. Can you elaborate?
- Craig
Here to Help!
|
|
Registered User
Joined: 6/7/2006
Posts: 5
|
QUOTE (Craig_S) I am familiar with Pivot Points but I am not sure what a Pivot Point Average is. Can you elaborate?
R2 resistance & S1 support points plotted on the top of chart, their daily, weekly,monthly moving averages
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
I am still not clear what values are being averaged. Once the R2 is established, what is it averaged with to create your indicator?
- Craig
Here to Help!
|
|
Registered User
Joined: 6/7/2006
Posts: 5
|
QUOTE (Craig_S) I am still not clear what values are being averaged. Once the R2 is established, what is it averaged with to create your indicator?
R2 being the resistance pivot point for previous day weekly(5), monthly(20) same for S1 being the support pivot point.
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
robert44,
I'm guessing to some extent, but you may wish to try the following. Use the desired Moving Average Period and Type in the Custom Indicator (If the Smoothing Average is set to 1, it will just Plot the value of the appropriate Pivot Point). When plotted as Custom Indicators, they should work in the displayed timeframe.
Average of Pivot Point - Current:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: (H + L + C) / 3
Average of Resistance Level 1 - Current:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: 2 * (H + L + C) / 3 - L
Average of Support Level 1 - Current:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: 2 * (H + L + C) / 3 - H
Average of Resistance Level 2 - Current:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: (H + L + C) / 3 + H - L
Average of Support Level 2 - Current:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: (H + L + C) / 3 - H + L
Average of Resistance Level 3 - Current:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: H + 2 * ((H + L + C) / 3 - L)
Average of Support Level 3 - Current:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: L - 2 * (H - (H + L + C) / 3)
Average of Pivot Point - Previous:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: (H1 + L1 + C1) / 3
Average of Resistance Level 1 - Previous:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: 2 * (H1 + L1 + C1) / 3 - L1
Average of Support Level 1 - Previous:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: 2 * (H1 + L1 + C1) / 3 - H1
Average of Resistance Level 2 - Previous:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: (H1 + L1 + C1) / 3 + H1 - L1
Average of Support Level 2 - Previous:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: (H1 + L1 + C1) / 3 - H1 + L1
Average of Resistance Level 3 - Previous:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: H1 + 2 * ((H1 + L1 + C1) / 3 - L1)
Average of Support Level 3 - Previous:
Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: ?
- Average Type: Simple or Exponential
- Indicator Formula: L1 - 2 * (H1 - (H1 + L1 + C1) / 3)
You may wish to review the following:
Plotting Custom Indicators with Examples
How to create a Personal Criteria Forumula (PCF)
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
|
Guest-1 |