prefilled charts of piviot points

[jacobnbr1]

is there a chart service that already shows piviot points as in your tradestation charts?
thanks

[Soultrader]

	Quote:	jacobnbr1
	is there a chart service that already shows piviot points as in your tradestation charts? thanks

There is the stock indicator called floor trader pivots that come with the platform. However, its not the best tool to use. You can also find a variety of pivot point indicators at the TS support forum. I did custom make one before but due to the lack of programming skills it wasnt all that ideal to use.

Do you already use Tradestation? If you do, check with the easylanguage indicator forum. There are plenty posted there.

[jacobnbr1]

No i am sorry i do not use trade station. I use scottrade and i don't think there is anything like this to add to their platform?
there is however another charting software that is free that you can link your scottrade account to but i am not sure how or what the name of it was..
do you know of anything?

I for the most part traded anything that has had massive insider buying preasure and have done pretty good... Anytime i have strayed and tried a momentum trade or swing trade and shorting have resulted in loss.
Although insider trades pay off they are very time consuming and i would like to do more volume of trades with less hold time..

I go to this filter scan site and many traders are having good luck with some of the most confusing stuff i have ever read, I read till i was blue in the face and still with minimal loss didn't find my true calling..

chris

[Soultrader]

Maybe the software you are looking for is Medved Quote Tracker? Here is the homepage:

Medved QuoteTracker

Short term intraday trading requires a well designed game plan. You mentioned you trade anything with insider buying pressure... is this for investment purposes? Trading is a totally different game from investment. Your "true calling" or break through will come as long as you keep building your trading style and method.

A buddy of mine told me this when I was 22, which literally changed my approach to life. He said, "In order to make money, you need to be an expert in one thing."

Good luck.

[ant]

	Quote:	Soultrader
	There is the stock indicator called floor trader pivots that come with the platform. However, its not the best tool to use. You can also find a variety of pivot point indicators at the TS support forum. I did custom make one before but due to the lack of programming skills it wasnt all that ideal to use. Do you already use Tradestation? If you do, check with the easylanguage indicator forum. There are plenty posted there.

Soultrader,

If you're still in need of a pivot point tool and can describe what you're looking for, I can try to create it for TradeStation.

Antonio

[Soultrader]

	Quote:	ant
	Soultrader, If you're still in need of a pivot point tool and can describe what you're looking for, I can try to create it for TradeStation. Antonio

OMG yes! I would love to have a pivot point indicator for Tradestation. I am looking for an indicator where I can simply input the close, high, and low and will plot the pivots accordingly. I also want the ability to delete individual horizontal lines manually (since I may choose to keep or delete midpoints) and ability to select the colors for the lines (color & dotted or solid). It would be great to have for daily, weekly, and monthly pivots. I dont use midpoints for the weekly and the monthly.

Am I asking for too much?

PS: Here's the link the to trading class I mentioned before, Bestrades Mentoring Group. The website might be still under contruction. The class is approx $300-$320 per month. I know they just recently moved and launched it back into hotcomm so I am not sure how many people are part of it. I will try to find out more info.

[jacobnbr1]

	Quote:	Soultrader
	Maybe the software you are looking for is Medved Quote Tracker? Here is the homepage: Medved QuoteTracker Short term intraday trading requires a well designed game plan. You mentioned you trade anything with insider buying pressure... is this for investment purposes? Trading is a totally different game from investment. Your "true calling" or break through will come as long as you keep building your trading style and method. A buddy of mine told me this when I was 22, which literally changed my approach to life. He said, "In order to make money, you need to be an expert in one thing." Good luck.

"Investment purposes" Yes.. as in a year or so. I never did mind holding a stock as long as it shows life to expand higher.
This is really not what i want to do but is what i do cause i have had good luck doing it.
I spent some time in a classroom at "STAR TRADER" and what a waste of time. But i started by trading stocks that had announced a stock split and that fell apart seems like after one year.

So yes i lack a plan...

I dabled in options and lost a great deal there after being warned 1st.

chris

[Soultrader]

Some trading rooms are useless in my opinion. It is also hard to find the right mentor that fits your style of trading.

If you want to pursue with short-term trading, I recommend reading tons of books on it. There are plenty of useless books out in the market but there a few that are priceless.

First thing you should do is to pick a methodology that suits you and develop it. Build a trading style and work on designing your trading setups. I don't use fundamentals in my intraday trading unless there is significant news that can cause the markets to gap in either direction. Specialize in the group of stocks you plan to trade. Learn the personality of it.

Finding a metholodogy and gaining your own trading style can require alot of work and research. You also need to look inside yourself to fully understand what fits you and what doesnt. From my understanding you trade stocks based on fundamental news? This is good for longer term investment but learn day trading strategies and you will be surprised how effective it can be by combining both methods.

[ant]

	Quote:	Soultrader
	OMG yes! I would love to have a pivot point indicator for Tradestation. I am looking for an indicator where I can simply input the close, high, and low and will plot the pivots accordingly. I also want the ability to delete individual horizontal lines manually (since I may choose to keep or delete midpoints) and ability to select the colors for the lines (color & dotted or solid). It would be great to have for daily, weekly, and monthly pivots. I dont use midpoints for the weekly and the monthly. Am I asking for too much? PS: Here's the link the to trading class I mentioned before, Bestrades Mentoring Group. The website might be still under contruction. The class is approx $300-$320 per month. I know they just recently moved and launched it back into hotcomm so I am not sure how many people are part of it. I will try to find out more info.

Some questions...

1. From the close, high, and low values that you input, how do I calculate the weekly and monthly pivots? How would they differ from the daily pivot points?
2. If all of those pivot points are plotted, then you would have 15 to 21 lines on your chart, is that correct?
3. I'm not sure one pivot point can be deleted manually without deleting all of the other ones. How about an input to specify which pivot point to plot?
4. Which one is the midpoint?

[Soultrader]

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