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cloud
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Posted Monday, December 14, 2009
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Group: Forum Members
Last Active: Tuesday, March 23, 2010
Posts: 14,
Visits: 25
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Has anyone tried to use the Pivot Points indicator from the Code Library? Does it really show support and resistance levels well? I need such kind of indicator to use it in my strategy. Can anyone give me advice?
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Best regards,
Edward Wegert
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Stephan
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Posted Wednesday, December 16, 2009
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Group: Forum Members
Last Active: Monday, January 25, 2010
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Not a bad indicator, however, I usually combine it with Movings and oscillators, in order to be safer 
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ray
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Posted Sunday, December 20, 2009
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Group: Forum Members
Last Active: Wednesday, February 03, 2010
Posts: 10,
Visits: 10
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Unfortunately it works using only daily values. I wish I had the same indicator, but with the opportunity to indicate the period.
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ViennaCalling
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Posted Monday, January 18, 2010
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Group: Forum Members
Last Active: Monday, January 26, 2015
Posts: 238,
Visits: 493
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I've found that it doesnt work properly when a new trading week starts and becomes better the 2nd day of trading, but the S/R lines aren't close to what some websites quote.
Happy Pipping!
"Money isn't everything, but it sure helps alot!"
http://forextaurus.blogspot.com/
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frad
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Posted Thursday, January 21, 2010
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Group: Forum Members
Last Active: Thursday, May 20, 2010
Posts: 39,
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What is the difference, Gregor?
(I am not very strong in technical analysis  )
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Frank Adkins
Thursday, January 21, 2010 by
frad
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ViennaCalling
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Posted Saturday, January 23, 2010
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Group: Forum Members
Last Active: Monday, January 26, 2015
Posts: 238,
Visits: 493
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The pivot points I find on other sites seem to be more accurate. Maybe it's the way they're being calculated and the weekend and lack of weekend data throws these ones off?
Happy Pipping!
"Money isn't everything, but it sure helps alot!"
http://forextaurus.blogspot.com/
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ray
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Posted Monday, January 25, 2010
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Group: Forum Members
Last Active: Wednesday, February 03, 2010
Posts: 10,
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The calculation formulas look correct. Do you know what formulas are used on other websites?
I guess the problem originates fro the data used for calculation.
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ViennaCalling
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Posted Friday, February 05, 2010
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Group: Forum Members
Last Active: Monday, January 26, 2015
Posts: 238,
Visits: 493
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I found the pivot points to be somewhat off... and since I like the pivots at http://www.mataf.net/en/tools/pivot-points I've rewritten that pivot indicator to accept manual pivot entries.
All you need to do is set the values for the pivots. The default numbers are for today's GBPUSD pivots... just change them for your currency for whatever given date. Beats putting horizontal lines on the charts and having color to differentiate between S&R Lines is great!
Happy Pipping!
"Money isn't everything, but it sure helps alot!"
http://forextaurus.blogspot.com/
PivotPointsManual.act
(243 views,
2.54 KB)
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scriptor
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Posted Monday, February 08, 2010
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Group: Forum Members
Last Active: Monday, October 04, 2010
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Very interesting implementation. Reminds me of the Fibonacci Levels for some reason.
Thanks a lot, Gregor!
Sincerely,
Benjamin Hoover
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sniper
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Posted Wednesday, February 10, 2010
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Group: Forum Members
Last Active: Thursday, March 18, 2010
Posts: 9,
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Thanks for your Pivot Points, Gregor!
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