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#1
10th May 2005, 04:20 PM
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Help for Exploration
Hallo friends,
I would like to have exploration formula for PIVOTS, Resistance(1-6) and Support (1-6). I am a beginner in metastock use and hence i would request you to help me write the above exploration. Many thanks, lala 
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#3
10th May 2005, 07:29 PM
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Re: Help for Exploration
PIVOT PRICE INDICTOR
{The calculation for the new day are calculated from the High (H), low (L) and close (C) of the previous day.} {P = Pivot Price} (H + L + C)/3; {R1 = 1st Resistance} (2*((H + L + C)/3))-L; {S1 = 1st Support} (2*((H + L + C)/3))-H; {R2 = 2nd Resistance } (((H + L + C)/3)-((2*((H + L + C)/3))-H))+((2*((H + L + C)/3))-L); {S2 = 2nd Support} ((H + L + C)/3)-(((2*((H + L + C)/3))-L)-((2*((H + L + C)/3))-H))
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