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Profile: bhquah
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User Name: bhquah
Groups: Gold User, Member, TeleChart
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Joined: Monday, February 13, 2006
Last Visit: Sunday, August 13, 2006 1:14:51 AM
Number of Posts: 3
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Last 10 Posts
Topic: Pivot Point Analysis
Posted: Friday, February 17, 2006 7:33:30 AM
QUOTE (Craig_S)
You can plot each of these as a custom indicator. Use your five formulas to plot five different custom indicators. Be sure to watch the video below and to check the PRICE SCALE option for each:

Plotting Custom Indicators with Examples

You can plot them in the top window. When you plot them, set their period and average type to match the moving averages you want.


Craig,

Thanks for the link to the video . I have successfully set up the moving average for the pivot point.
Topic: Pivot Point Analysis
Posted: Friday, February 17, 2006 4:18:03 AM
QUOTE (Bruce_L)
If you are plotting the formulas as Custom Indicators, you should just be able to add the Moving Averages to the CI. If the intention is to use them as Personal Criteria Formulas, it will depend on the complexity of the formulas and the Moving Average type (Simple or Exponential) and Period. If you post the formulas here, we will take a look and see what we can do.


Hi Bruce,

The traditional 5 Level method for Pivot Point analysis involves the following:
1. Pivot Point, P = (H1+L1+C1)/3
2. First resistance level, Res1 = (P*2)-L1 = ((H1+L1+C1)/3)*2 - L1
3. Second resistance level, Res2 = P+H1-L1 = ((H1+L1+C1)/3)+H1-L1
4. First support level, Sup1 = (P*2)-H1 = ((H1+L1+C1)/3)*2 - H1
5. Second support level, Sup2 = P-H1+L1 = ((H1+L1+C1)/3)-H1+L1

I am not familiar with the above-mentioned Custom Indicators at this time. Kindly help to explore the possibility of incorporating the moving average to the Pivot Point.

Thanks a bunch!
Topic: Pivot Point Analysis
Posted: Thursday, February 16, 2006 5:19:34 PM
Hi,

I am trying to incorporate Pivot Points in my trading for finding key support and resistance levels. I have created the PCFs using the exact mathematical formulas.

I would like to create moving averages based on these Pivot Points. Is this technically feasible within TeleCharts?

Thanks and regards.