This indicator was done for a friend of mine (Waldir)

It works but I am sure someone here can improve on it. (I am sharing it anyway)

Waldir1:=LastValue(((Typical()-((2*Typical())+H-L))*-1));
Waldir2:=LastValue( ((2*Typical())-L));
Waldir3:=LastValue(Typical());
Waldir4:= LastValue(((2*Typical())-H));
Waldir5:= LastValue(((Typical()-((2*Typical())-H+L))*-1));
ValueWhen(1,Cum(1)=LastValue(Cum(1)),Waldir1);
ValueWhen(1,Cum(1)=LastValue(Cum(1)),Waldir2);
ValueWhen(1,Cum(1)=LastValue(Cum(1)),Waldir3);
ValueWhen(1,Cum(1)=LastValue(Cum(1)),Waldir4);
ValueWhen(1,Cum(1)=LastValue(Cum(1)),Waldir5);

Bulli

You may also be interested in the intraday pivots formula found here.


jose '-)

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MetaStockTools.com

hey bulli.... thats neat, thanks for sharing..... i have something similar and when coded into a expert it lets you look back and see how the pivots preformed.... the s's are support and r's are resistance.... when using dots and coloring appropriately , past preformance can be seen.... and of course the expert can be applied with or without the indicator itself.....   it plots daily with alerts.....h

 

pivot:=(H + L + C)/3;
r1:= (2 * pivot - L);
s1:= (2 * pivot - H);
r2:= (pivot - s1 + r1);
s2:= (pivot - (r1 - s1));
r3:= (2 * (pivot - L) + H);
s3:= (L - (2 * (H - pivot)));
pivot;r1;s1;r2;s2;r3;s3

Thank you Jose and Hayseed for sharing.

I am sure I will be using some of that in my codings, and many others here.

Bulli

 

 

hayseed:

pivot:=(H + L + C)/3;
r1:= (2 * pivot - L);
s1:= (2 * pivot - H);
r2:= (pivot - s1 + r1);
s2:= (pivot - (r1 - s1));
r3:= (2 * (pivot - L) + H);
s3:= (L - (2 * (H - pivot)));
pivot;r1;s1;r2;s2;r3;s3

Can I ask a question?

Why you just did not say

pivot:=typical();

hayseed:

pivot:=(H + L + C)/3;
r1:= (2 * pivot - L);
s1:= (2 * pivot - H);
r2:= (pivot - s1 + r1);
s2:= (pivot - (r1 - s1));
r3:= (2 * (pivot - L) + H);
s3:= (L - (2 * (H - pivot)));
pivot;r1;s1;r2;s2;r3;s3

Hi Hayseed,

Can I ask a question?

Why you just did not say

pivot:=typical();

Thanks,

Bulli

hey bulli.... i should use typical .....  some of the guys over at ethois are always talking about piviots .... thats something kinda adapted from them so i just left the code as close as possible to their thinking....  pivots aren't something i use, just a curiosity more than anything.....h

HI can u pls guide me how to make an indicator by using the above formula. i have these formula's from past but i really dont know how to get the expert developed from that. indicator and expert both required. if possible then explorer also.... thanks in advance.

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Thanks & Regards
Navneet Singhal
Delhi, India

E-Mail: navneet.singhal001@gmail.com

www.navneetsinghal.blogspot.com