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PivotPoint

Article/Author: "Pivot Pionts", Jayanthi Gopalakrishan, S&C Magazine, Traders Tips, 02/2000

Download: Pivpoint.ela

File Includes:
Function - PivotPoint
Indicator - Pivot Point Average
Indicator - Pivot Point Levels

Category: Function > PivotPoint

Description:

Inputs:

EasyLanguage Code:
INPUT: METHOD(NUMERICSIMPLE);


IF METHOD <= 1 THEN
PIVOTPOINT = (HIGH[1] + LOW[1] + CLOSE[1]) / 3;

IF METHOD = 2 THEN
PIVOTPOINT = (HIGH[1] + LOW[1] + CLOSE[1] + OPEN) / 4;

IF METHOD >= 3 THEN
PIVOTPOINT = (HIGH[1] + LOW[1] + OPEN) / 3;