Woodies Pivots

• 03/18/2016 at 5:40 PM #3975
  Markus

  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

  

  Markus

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  03/21/2016 at 3:46 PM #4045
  Travelfrog

  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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  //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

   

  

  Travelfrog

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