Mr.Money

Hello Guys I found this indicator and seems very promising. It automatically calculates pivots for Daily/weekly and monthly. It also shows the price at the axis. If anybody could code the mid-ranges for the daily pivots will be nice. Here's the code for the pivot point [LegacyColorValue = TRUE]; { Support and Resistance Pivot Indicator Written by: HamFon Contact: ncrowle@sprintmail.com Date: 06/11/2004, original 12/02/2002 Revision: 1.04 Status: Gnu Public License - this indicator may be used or shared freely with no fee, as long as this original header comment is included. Purpose: Displays Support and Resistance values based on "Pivot" (Typical Price). } { Unfortunately, TradeStation only will plot four simultaneous lines per Indicator instance. Yes - I know all about creating TrendLines - but they have their own limitations, and use more resources that must be carefully tracked. Therefore - since we want to plot five lines, you need to load two different indicators: Ham Pivot Lines, and Ham Pivot Lines2. The code below is for both - one section or the other is commented out. } inputs: Day0Week1Month2 (0); vars: Support1(0), Support2(0), RSPivot(0), Resistance1(0), Resistance2(0); vars: SaveHigh(0), SaveLow(0), SaveClose(0), SaveSession(0); SaveSession = CurrentSession(0); if SaveSession <> SaveSession[1] and ( Day0Week1Month2 = 0 or (Day0Week1Month2 = 1 and DayOfWeek (Date) < DayOfWeek (Date[1])) or (Day0Week1Month2 = 2 and DayOfMonth (Date) < DayOfMonth (Date[1])) ) then begin RSPivot = (SaveHigh + SaveLow + SaveClose) / 3; Resistance1 = 2 * RSPivot - SaveLow; Support1 = 2 * RSPivot - SaveHigh; Resistance2 = RSPivot + SaveHigh - SaveLow; { equivalent to Pivot+(Resistance1-Support1) } Support2 = RSPivot - SaveHigh + SaveLow; { equivalent to Pivot-(Resistance1-Support1) } SaveHigh = 0; SaveLow = 0; SaveClose = 0; end; if SaveHigh = 0 or high > SaveHigh then SaveHigh = high; if SaveLow = 0 or low < SaveLow then SaveLow = low; SaveClose = close; if Support1 > 0 then begin { This code is for Ham Pivot Lines2 - comment out for Ham Pivot Lines } plot1 (RSPivot, "Pivot"); {} { This code is for Ham Pivot Lines - comment out for Ham Pivot Lines2 plot1 (Resistance2, "R2"); plot2 (Resistance1, "R1"); plot3 (Support1, "S1"); plot4 (Support2, "S2"); } end; here's the code for S/R lines [LegacyColorValue = TRUE]; { Support and Resistance Pivot Indicator Written by: HamFon Contact: ncrowle@sprintmail.com Date: 06/11/2004, original 12/02/2002 Revision: 1.04 Status: Gnu Public License - this indicator may be used or shared freely with no fee, as long as this original header comment is included. Purpose: Displays Support and Resistance values based on "Pivot" (Typical Price). } { Unfortunately, TradeStation only will plot four simultaneous lines per Indicator instance. Yes - I know all about creating TrendLines - but they have their own limitations, and use more resources that must be carefully tracked. Therefore - since we want to plot five lines, you need to load two different indicators: Ham Pivot Lines, and Ham Pivot Lines2. The code below is for both - one section or the other is commented out. } inputs: Day0Week1Month2 (0); vars: Support1(0), Support2(0), RSPivot(0), Resistance1(0), Resistance2(0); vars: SaveHigh(0), SaveLow(0), SaveClose(0), SaveSession(0); SaveSession = CurrentSession(0); if SaveSession <> SaveSession[1] and ( Day0Week1Month2 = 0 or (Day0Week1Month2 = 1 and DayOfWeek (Date) < DayOfWeek (Date[1])) or (Day0Week1Month2 = 2 and DayOfMonth (Date) < DayOfMonth (Date[1])) ) then begin RSPivot = (SaveHigh + SaveLow + SaveClose) / 3; Resistance1 = 2 * RSPivot - SaveLow; Support1 = 2 * RSPivot - SaveHigh; Resistance2 = RSPivot + SaveHigh - SaveLow; { equivalent to Pivot+(Resistance1-Support1) } Support2 = RSPivot - SaveHigh + SaveLow; { equivalent to Pivot-(Resistance1-Support1) } SaveHigh = 0; SaveLow = 0; SaveClose = 0; end; if SaveHigh = 0 or high > SaveHigh then SaveHigh = high; if SaveLow = 0 or low < SaveLow then SaveLow = low; SaveClose = close; if Support1 > 0 then begin { This code is for Ham Pivot Lines2 - comment out for Ham Pivot Lines plot1 (RSPivot, "Pivot"); } { This code is for Ham Pivot Lines - comment out for Ham Pivot Lines2 } plot1 (Resistance2, "R2"); plot2 (Resistance1, "R1"); plot3 (Support1, "S1"); plot4 (Support2, "S2"); end;

I've been using transact for years. Platform is similar to infinity AT. Actually they're the developers of that platform. No problems whatsoever. I see they're listed on multicharts list of vendors Frank

Do they accept the same indicators??

I second that motion. I've been looking all over the place and can't find them

Hello guys Does anybody have TTM trend/squeeze indicator(or something similar) for sierra charts by any chance? Thanks Frank

Guys I found soultrader's Market profile definitions thread and now it's making a lot of sense to me. Thanks a lot for a wonderful site soultrader. I wish you nothing but the best Frank.

Thanks a lot Mr. Paul and Soultrader I read the VSA thread (Tingull's thread) and some others about market profile etc. I like the idea and it seems very technical but I would like to know how ist it going to help me on my trading. All I see is the techical stuff. If there's a thread (or maybe you could explain here) that shows rules (conditions) like " when you see xx then you go long/short/place a stop/limit order etc. I've been trading pivots for quite sometime now. I decided long ago to hold until the market reaches the pivot to do my play. I use market orders and that's a problem, not becuase of the risk of a bad price/fill but sometimes I don't make the rigth chioce and screw it up. I was thinking about having resting orders at some distance off the pivots but I am not sure. Thanks Frank

Hello guys I've been watching pivot points for quite some time now and I beleive price pretty much reacts when it reach to these levels. I would like to know how do you guys use them for entry. Do you fade the pivot with a resting (stop) order already in place? I trade ES and I use practically all the leves (daily, weekly and monthly) as well as daily midpoints. By the way, this is a wonderful site. Congratulations. Frank