Gold Customer
Joined: 10/7/2004 Posts: 54
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I emailed support to see if there was a way to see pivot points from previous days. I received the reply that there was no a way to do it but a cusom indicator be created to show me the the values of past days , weeks, etc. I do not know how to implement the formula as he suggested. Any guidance you can give me would be appreciated.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Indicator Formula for the values of the pivot points can be created as follows.
R4 is:
(7 * H1 - 5 * L1 + C1) / 3
R3 is:
(5 * H1 - 4 * L1 + 2 * C1) / 3
R2 is:
(4 * H1 - 2 * L1 + C1) / 3
R1 is:
(2 * H1 - L1 + 2 * C1) / 3
PP is:
(H1 + L1 + C1) / 3
S1 is:
(2 * L1 - H1 + 2 * C1) / 3
S2 is:
(4 * L1 - 2 * H1 + C1) / 3
S3:
(5 * L1 - 4 * H1 + 2 * C1) / 3
S4 is:
(7 * L1 - 5 * H1 + C1) / 3
So if you use these formulas as Custom PCF Indicators on a chart using a daily time frame, they will display the pivots points as they would have been calculated for each trading day.
You can add a Custom PCF Indicator in the same way you would add any other indicator. Select Add Plot to Chart (the green + in the upper left hand corner of the chart in TC2000 version 12.4) and then select Custom PCF Indicator from the list.
You can start typing Custom PCF Indicator in the Search box after selecting Add Plot to Chart to bring it to the top of the list in order to make it easier to find and select.
You would then click on the Custom PCF Indicator and select Edit so you could enter the Formula.
To plot the Custom PCF Indicator in the same pane and scale as price, you can click on the Move icon for the indicator (it looks like arrows pointing up and down) and Overlay and Scale With (make sure you select & Scale With).
Adding and Moving Indicators
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Gold Customer
Joined: 10/7/2004 Posts: 54
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Thank you Bruce
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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