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 Request PCF Price => of the Pivot Point R3 Formula Rate this Topic:
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raider45
 Posted : Thursday, October 11, 2018 11:03:45 AM
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Joined: 9/30/2011
Posts: 788
I would like to have a PCF Formula with the signal on the price => of the Pivot Point R3.

Thank you and goodbye.

Raider45
Bruce_L
 Posted : Thursday, October 11, 2018 11:08:46 AM

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Joined: 10/7/2004
Posts: 65,138

Pleaes try the following daily condition formula.

`C >= (5 * H1 - 4 * L1 + 2 * C1) / 3`

-Bruce
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raider45
 Posted : Thursday, October 11, 2018 11:32:27 AM
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Joined: 9/30/2011
Posts: 788
The formula does not generate signals => of R3. Generate signals on incorrect prices, <of R2 and <R1!

Regardless of the open position, the formula must signal when today's price is => at Resistance R3
raider45
 Posted : Thursday, October 11, 2018 2:08:05 PM
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Joined: 9/30/2011
Posts: 788
I would appreciate the modification of the following formula with the signal when the value expressed in numbers is reached

(5 * H1 - 4 * L1 + 2 * C1) / 3
Bruce_L
 Posted : Thursday, October 11, 2018 2:14:45 PM

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Joined: 10/7/2004
Posts: 65,138

I have no idea how this is supposed to differ from the response in my Thursday, October 11, 2018 11:08:46 AM ET post.

-Bruce
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raider45
 Posted : Thursday, October 11, 2018 2:20:02 PM
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Joined: 9/30/2011
Posts: 788

The formula differs from the fact that today's price signal is not generated at the touch or exceedance of today's R3 resistance.

Bruce_L
 Posted : Thursday, October 11, 2018 2:25:59 PM

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Joined: 10/7/2004
Posts: 65,138

It definitely returns true if and only if the current price is at or above R3 as it is already written in the post. I do not know how this differs from what you want.

The only thing I can think of is that you might want to return true if price was at or above R3 at any point during the trading day instead of just checking the current price?

`H >= (5 * H1 - 4 * L1 + 2 * C1) / 3`

-Bruce
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raider45
 Posted : Thursday, October 11, 2018 2:54:56 PM
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Joined: 9/30/2011
Posts: 788
The formula is the desired one, congratulations and thanks !

Best regards !
Bruce_L
 Posted : Thursday, October 11, 2018 2:56:43 PM

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Joined: 10/7/2004
Posts: 65,138

You're welcome.

-Bruce
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