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Old 02-02-2007, 01:04 AM   #9

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Re: pivot point interpretation

Soul, have you tried the "Floor trader pivot" indicator that comes with tradestation?

I think it uses the exchange settlement close for its calculations because there was a difference between using the chart close and the Floor trader close.

Their are pros and cons to each indicator.

I for one do not like to enter High, Low, Close everyday, but I also don't like my charts compressed. Floor trader pivots does that since will will plot all pivot leves if you want it to.

I did however get some ideas and observed with pivots.

Price slice through either up or down on good volume, go with it, or wait for retest of pivot for a continuation move.
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