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Putt4Dough
Posted : Monday, May 23, 2016 11:46:33 AM

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Joined: 7/30/2007
Posts: 1,072

Bruce, are Fibonacci Pivot Points available? Indicators? PCFs? Or will I have to draw my own?

Putt4Dough
Posted : Monday, May 23, 2016 1:43:58 PM

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Joined: 7/30/2007
Posts: 1,072
Hey Bruce,
 
I just found this out on another site.  Sounds like Fibonacci Pivot Points are "PCF-able". Can you help when you get a few minutes? Thanks!
 
Fibonacci Pivot Points
 
Fibonacci Pivot Points start just the same as Standard Pivot Points. From the base Pivot Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.
 
Pivot Point (P) = (High + Low + Close)/3
 
Support 1 (S1) = P - {.382 * (High  -  Low)}
 
Support 2 (S2) = P - {.618 * (High  -  Low)}
 
Support 3 (S3) = P - {1 * (High  -  Low)}
 
Resistance 1 (R1) = P + {.382 * (High  -  Low)}
 
Resistance 2 (R2) = P + {.618 * (High  -  Low)}
 
Resistance 3 (R3) = P + {1 * (High  -  Low)}
 
StockGuy
Posted : Monday, May 23, 2016 2:53:16 PM

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Joined: 9/30/2004
Posts: 9,187
Try these and see if they work for you 
 
Pivot Point (P) = (H + L + C)/3
 
Support 1 (S1) = ((H + L + C)/3) - (.382 * (H - L))
 
Support 2 (S2) = ((H + L + C)/3) - (.618 * (H - L))
 
Support 3 (S3) = ((H + L + C)/3) - (1 * (H - L))
 
Resistance 1 (R1) = ((H + L + C)/3) +  (.382 * (H - L))
 
Resistance 2 (R2) = ((H + L + C)/3) + (.618 * (H - L))
 
Resistance 3 (R3) = ((H + L + C)/3) + (1 * (H - L))
busterram
Posted : Monday, May 23, 2016 3:47:54 PM
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Joined: 10/9/2011
Posts: 485

Challenge with this formula is how do u draw them on say 15 mins chart as the HLC values need to be from previous day daily which is  not possible with PCF as far as I know.

StockGuy
Posted : Monday, May 23, 2016 4:34:00 PM

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Yeah, didn't think about using on intraday time frames. Not sure it's possible since you can't define the intraday H L and C for the previous day. You could at the end of the current day but that wouldn't be very useful.

StockGuy
Posted : Monday, May 23, 2016 4:35:16 PM

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It would be tedious but you could draw horizontal lines on the chart, drag them to the values on the Daily chart and then they would remain as you changed time frames.  And you'd have to reposition them each day based on the new data.

Putt4Dough
Posted : Monday, May 23, 2016 5:34:17 PM

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Joined: 7/30/2007
Posts: 1,072

Hi StockGuy,

I should've been more specific. I'm trying out a setup & chart one of my trading friends uses. I've tried to convert her to TC2000 but she's a die-hard StockCharts subscriber ;)

Anyways, she trades a 30-minute chart. She uses Fibonacci pivot points, but on her chart it looks like the pivot points are weekly. Here's the chart: http://bit.ly/1WOcJoW.

Still sounds like I'm out of luck, though. Repostioning horizontal lines isn't an option as my watchlist has 100+ tickers.

Bummer.

Bruce_L
Posted : Tuesday, May 24, 2016 10:55:36 AM


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

There isn't a way to plot weekly pivots on a 30 minute chart in TC2000 currently.



-Bruce
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