Download Pivot Points For Metastock

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex

EOD and Realtime

Dividends and Trust Distributions

And Much More ....

For Portfolio Manager Click Here

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators

Advanced Pattern Exploration

Neural Networks

And Much More ....

Find Out More Here

5 / 5 (Votes 1)

metastock, pivots

Submitted by kaiji over 14 years ago

Submitted by star123 over 14 years ago

Submitted by karim.chakib about 11 years ago

Submitted by roszyk about 14 years ago

Submitted by chsmcp about 12 years ago

Submitted by tasma almost 13 years ago

Indicator

Copy & Paste Friendly

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

{ Plots daily pivot values on intraday charts.
 
Apply only to weekday data:
MetaStock -> Tools -> Options -> Chart Options
-> untick "Ignore weekend data".
With thanks to Kevin Barry for pivot logic.
 
Copyright © 2004~2007 Jose Silva.
The grant of this license is for personal use
only - no resale or repackaging allowed.
All code remains the property of Jose Silva.
http://metastocktools.com }
 
{ User input }
pds:=Input("Use Highest/Lowest of past x days",1,260,1);
 
{ Message }
message:=Input("(Plot on intraday charts)",0,0,0);
 
{ Day's start }
dStart:=DayOfMonth()<>Ref(DayOfMonth(),-1) OR Cum(1)=2;
 
{ Previous x Days' High }
Hd:=HighestSince(pds,dStart,H);
Hd:=ValueWhen(1,dStart,ValueWhen(2,1,Hd));
Hd:=ValueWhen(1,Hd<>0,Hd);
 
{ Previous x Days' Low }
Ld:=LowestSince(pds,dStart,L);
Ld:=ValueWhen(1,dStart,ValueWhen(2,1,Ld));
Ld:=ValueWhen(1,Ld<>0,Ld);
 
{ Previous Day's Close }
Cd:=ValueWhen(1,dStart,ValueWhen(2,1,C));
Cd:=ValueWhen(1,Cd<>0,Cd);
 
{ Pivot }
Pivot:=(Hd+Ld+Cd)/3; {Plot in Green bold}
 
{ Support }
S1:=2*Pivot-Hd; {Blue}
S2:=Pivot-(Hd-Ld); {Red}
S3:=2*Pivot-(2*Hd-Ld); {dark Green}
 
{ Resistance }
R1:=2*Pivot-Ld; {Blue}
R2:=Pivot+(Hd-Ld); {Red}
R3:=2*Pivot+(Hd-2*Ld); {dark Green}
 
{All mid-pivot levels light Grey}
M0:=(S2+S3)/2;
M1:=(S1+S2)/2;
M2:=(Pivot+S1)/2;
M3:=(R1+Pivot)/2;
M4:=(R2+R1)/2;
M5:=(R3+R2)/2;
 
{ Plot on intraday price charts }
R3;M5;R2;M4;R1;M3;
Pivot;
M2;S1;M1;S2;M0;S3

Stock Portfolio Organizer

WiseTrader Toolbox

Pivot Points for Metastock
gummachado
over 12 years ago
Metastock

Similar Indicators / Formulas

Indicator / Formula

0 comments

Leave Comment