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Custom Pivot

PostPosted: Mon Oct 17, 2011 6:34 pm
by Apprentice
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 3150 times

custom pivot.lua.rc
(68.02 KiB) Downloaded 2649 times

Re: Custom Pivot

PostPosted: Mon Oct 17, 2011 10:16 pm
by superleo
:geek: what is the importance of these two lines

Re: Custom Pivot

PostPosted: 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

PostPosted: Sat Oct 22, 2011 10:40 am
by superleo
:) thankyou for you explanation.

Re: Custom Pivot

PostPosted: 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

PostPosted: Sun Feb 03, 2013 6:24 pm
by MathQuant
Thank You

Re: Custom Pivot

PostPosted: 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

PostPosted: 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=59681
viewtopic.php?f=17&t=17

Re: Custom Pivot

PostPosted: 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

PostPosted: Thu Nov 14, 2013 4:28 am
by Apprentice
I was unable to reproduce.
Will send this issue to the development team to investigate.