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Custom Pivot

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Custom Pivot

Postby Apprentice » Mon Oct 17, 2011 6:34 pm

custom pivot.png


Basically this is a standard Pivot point indicator.
I added BC and BT lines.

TC = (Pivot - BC) + Pivot
BC = (High + Low)/2

You must download both files.

custom pivot.lua
(25.31 KiB) Downloaded 1497 times

custom pivot.lua.rc
(68.02 KiB) Downloaded 1214 times
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Re: Custom Pivot

Postby superleo » Mon Oct 17, 2011 10:16 pm

:geek: what is the importance of these two lines
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Re: Custom Pivot

Postby order66 » Fri Oct 21, 2011 5:38 pm

These establish the Pivot Range as outlined by Mark Fisher in "The Logical Trader".

His Description:
The pivot range is where the market is likely to find support or meet resistance. If it manages to break through the pivot range, the market would likely make a significant move in that direction.
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Re: Custom Pivot

Postby superleo » Sat Oct 22, 2011 10:40 am

:) thankyou for you explanation.
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Re: Custom Pivot

Postby philipphilip » Thu Aug 16, 2012 3:14 am

Can the option of moving the beginning of the Floor Pivot be included?

I want to be able to have my pivots calculated and displayed from GMT+2.

Regards,

Philip
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Re: Custom Pivot

Postby MathQuant » Sun Feb 03, 2013 6:24 pm

Thank You
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Re: Custom Pivot

Postby nettopakko » Wed Oct 23, 2013 1:53 am

Try as I may, a hundred times or more, I cannot download the custom indicator that apprentice has on display to my fmcx tradestation. Help please.
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Re: Custom Pivot

Postby Apprentice » Wed Oct 23, 2013 2:19 am

Is this the case for indicator above.
Or this is a general problem.
If First, U need to download both files. (.lua + .lua.rc)
If, Second, look at this links for reference.
viewtopic.php?f=17&t=59681
viewtopic.php?f=17&t=17
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Re: Custom Pivot

Postby pdesai » Wed Nov 13, 2013 1:38 pm

Hi,
In the old version of pivot indicator when the historical levels are plotted the lines were not connected but in the new version they are all connected making the chart untidy.Any chance of plotting historical levels unconnected in new version? ps there is an error message when trying to plot old version "pivot.lua 310 unknown label location"

Thanks
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Re: Custom Pivot

Postby Apprentice » Thu Nov 14, 2013 4:28 am

I was unable to reproduce.
Will send this issue to the development team to investigate.
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