Woodies Pivots

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  • 03/18/2016 at 5:40 PM #3975 quote
    MarkusMarkus
    Moderator
    New

    Hi guys,

    I am looking for Woodie’s Pivot Points. I prefer them to the classical pivot points.

    Does anybody have the code?

    Thanks in advance !

    Markus

    03/21/2016 at 3:46 PM #4045 quote
    TravelfrogTravelfrog
    Participant
    Senior

    Try this:

     

    //Woodie Pivot Points The formula used in the calculation of Woodie Pivot Points are:
//Where WR1 through WR4 are Resistance levels 1 to 4, WPP is the Pivot Point, WS1 through WS4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily).
DayH = high[1]
DayL = low[1]
DayO = open

WPP = (DayH + DayL + DayO + DayO) / 4
WR1 = (2 * WPP) - DayL
WS1 = (2 * WPP) - DayH
WR2 = WPP + WR1 - WS1
WS2 = WPP + WS1 - WR1
WR3 = WR2 + (WR1 - WPP)
WS3 = WS2 - (WPP - WS1)

RETURN WR3,WR2,WR1,WPP,WS1,WS2,WS3
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Woodies Pivots


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Markus @markus Moderator
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This topic contains 1 reply,
has 2 voices, and was last updated by TravelfrogTravelfrog
10 years, 6 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 03/18/2016
Status: Active
Attachments: No files
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