Hi ant,
Here is the formula for the pivots:
R3 = R2 + RANGE (same as: PP + RANGE * 2)
R2 = PP + RANGE
R1 = (2 * PP) - LOW
PP = (HIGH + LOW + CLOSE) / 3
S1 = (2 * PP) - HIGH
S2 = PP - RANGE
S3 = S2 - RANGE (same as: PP - RANGE * 2)
Range = High - Low
The midpoints are simply the distance between each pivot. I use the same formula for the weekly and monthly pivots.
Is there anyway to duplicate the indicator three times so I can use it seperately for daily, weekly, and monthly? Also is it possible to enable or disable the midpoints?
Including the midpoints... the daily pivots would give me 13 lines. The weekly and monthly without the midpoints would give me 7 each making it 14 in total.
Thank you
