Help for Exploration

lala

New Member
#1
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
 
#3
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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