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Hello
i have in a metastock expert the pivot point indicators programmed.
what i like to do is to program a "level inbetween"
so f.i : Resistance 1,5 is (R-2 + R-1)/2
Resistance 0,5 is (R-1 + PP)/2
i use the formula's below (which work) but i can imagine that
these formula's can be simplified (please do if you can)
Thanks
Theo
Resistance 2 :
$writeval((((HIGH + CLOSE + LOW) /3)+(((2*(((HIGH + CLOSE + LOW) /3)))-LOW)-((2*(((HIGH + CLOSE + LOW) /3)))-HIGH))),6.2)
Resistance 1 :
$writeval(((2*(((HIGH + CLOSE + LOW) /3)))-LOW),6.2)
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Try something like this:
Typical()+(2*Typical()-Low)-(2*Typical()-High)
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Rank: Member
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g_stockman wrote:Try something like this:
Typical()+(2*Typical()-Low)-(2*Typical()-High)
As far as I know Typical works as an average price or something
i donot think that that works because that is not the same als a pivot point
anyway i donot understand what you are trying here
Please give another solution.
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(HIGH + CLOSE + LOW) /3 = TYPICAL()
Patrick :mrgreen:
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Rank: Advanced Member
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Quote:anyway i donot understand what you are trying here
Delete this:
Quote:((((HIGH + CLOSE + LOW) /3)+(((2*(((HIGH + CLOSE + LOW) /3)))-LOW)-((2*(((HIGH + CLOSE + LOW) /3)))-HIGH)))
Replace with this:
Quote:Typical()+(2*Typical()-Low)-(2*Typical()-High)
You asked for something simplier. You can use this or your original code. The plot is the same.
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Rank: Member
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Patrick wrote:(HIGH + CLOSE + LOW) /3 = TYPICAL()
Patrick :mrgreen:
Thanks Patrick BUT if i put this in the expert
Nothing happens
(it just displays this formula)
(MS 7.03 prof)
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Rank: Member
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g_stockman wrote:Quote:anyway i donot understand what you are trying here
Delete this:
Quote:((((HIGH + CLOSE + LOW) /3)+(((2*(((HIGH + CLOSE + LOW) /3)))-LOW)-((2*(((HIGH + CLOSE + LOW) /3)))-HIGH)))
Replace with this:
Quote:Typical()+(2*Typical()-Low)-(2*Typical()-High)
You asked for something simplier. You can use this or your original code. The plot is the same.
Thanks a Lot !
I think i can work it out now !
$writeval((TYPICAL())) is of course what i had to use.
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Rank: Advanced Member
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Well, you can simplify more (I am posting both for comparing):
Resistence 2: writeval(((((H + L + C)/3)-((2*((H + L + C)/3))-H))+((2*((H + L + C)/3))-L)),0.2)
Resistence 2: writeval(((Typical()-((2*typical())+H-L))*-1),0.2)
Resistence 1: writeval(((2*((H + L + C)/3))-L),0.2)
Resistence 1: writeval(((2*typical())-L),0.2)
Pivot Point: writeval(((H + L + C)/3),0.2)
Pivot Point: writeval(Typical(),0.2)
Support 1: writeval(((2*((H + L + C)/3))-H),0.2)
Support 1: writeval(((2*typical())-H),0.2)
Support 2: writeval((((H + L + C)/3)-(((2*((H + L + C)/3))-L)-((2*((H + L + C)/3))-H))),0.2)
Support 2: writeval(((Typical()-((2*typical())-H+L))*-1),0.2)
regards,
Bulli ;)
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Rank: Member
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Hi Bulli : Thanks
i will study it asap.
Theo
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