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Custom Pivot
Posted:
Mon Oct 17, 2011 6:34 pm
by Apprentice
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.
Re: Custom Pivot
Posted:
Mon Oct 17, 2011 10:16 pm
by superleo
what is the importance of these two lines
Re: Custom Pivot
Posted:
Fri Oct 21, 2011 5:38 pm
by order66
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.
Re: Custom Pivot
Posted:
Sat Oct 22, 2011 10:40 am
by superleo
thankyou for you explanation.
Re: Custom Pivot
Posted:
Thu Aug 16, 2012 3:14 am
by philipphilip
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
Re: Custom Pivot
Posted:
Sun Feb 03, 2013 6:24 pm
by MathQuant
Thank You
Re: Custom Pivot
Posted:
Wed Oct 23, 2013 1:53 am
by nettopakko
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.
Re: Custom Pivot
Posted:
Wed Oct 23, 2013 2:19 am
by Apprentice
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=59681viewtopic.php?f=17&t=17
Re: Custom Pivot
Posted:
Wed Nov 13, 2013 1:38 pm
by pdesai
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
Re: Custom Pivot
Posted:
Thu Nov 14, 2013 4:28 am
by Apprentice
I was unable to reproduce.
Will send this issue to the development team to investigate.