Thread: Pivot points
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Old 06-02-2007, 07:23 PM
vin vin is offline
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Smile Pivot points

Can anyone code an indicator to calculate and display daily pivot points the formulas are as follows

Resistance 3 = High + 2*(Pivot - Low)
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2*(High - Pivot

Can the pivot point be certain colour and the support red and resistance green
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