Hi,
Was wondering if someone could help me with a pivot range indicator. Tried modifying values for current pivot indicator but couldn't get the resistance and support levels to show.
Basically the pivot range calculations are:
Daily Pivot Price = (previous day high + previous day low + previous day close) / 3
Second number = (previous day high + previous day low) / 2
Daily Pivot Differential = Second number - Daily Pivot Price
Range number 1 = Daily Pivot Price + Daily Pivot Differential
Range number 2 = Daily Pivot Price - Daily Pivot Differential
Need the Range numbers to be charted like the current default pivot indicator's pivot number. The pivot range is used in the acd system by Mark Fisher.
Thanks in advance for the help
Ken