Traders Laboratory - View Single Post - Pivot Point Formulas
Thread: Pivot Point Formulas
View Single Post
  #18 (permalink)  
Old 07-03-2007, 06:52 AM
Soultrader's Avatar
Soultrader Soultrader is offline
Soultrader is focusing on discipline.

Trader Specs
 
Join Date: Aug 2006
Location: Tokyo, Japan
Posts: 3,218
Thanks: 162
Thanked 467 Times in 208 Posts
Send a message via Skype™ to Soultrader
This member is the original thread starter. Re: Pivot Point Formulas
Quote:
cooter
 View Post
Also, I'm not sure of your source for these pivots, but this one seems to have an error.

Woodie calculates the pivot point himself as:

PP = (HIGH + LOW + OPEN + OPEN) / 4 using OPEN = TODAY'S OPEN, and yesterday's HIGH and LOW
You can verify this at Woodies CCI Club .
Thanks cooter, I changed the formulas and updated the pivot calculator accordingly.

__________________
James Lee - Founder
Forum Guidelines | Forum Manual | Support Coder | Report a Bug
------------------------------------------------------------------------------------
Empowering traders with knowledge.

Please support TL by visiting our sponsors. Thanks!
Reply With Quote