[ed16888]

Does anybody out there has a pivots alert indicator that works on the radar screen that alerts you when a stock breaks a pivots level or reversal on a pivots level? thanks in advance.

[Trader333]

What pivots are you wanting to be alerted to and in what time frame ?


Paul

[ed16888]

I daytrade and I use 144 tick chart on the radar screen, I was just wondering if there is such a alert that I can set up in the radar screen that monitors stocks' pivots and gives you alerts like AAPL broke R1 or like AAPL reversing from R1, things like that.

[Trader333]

It sounds like you are using floor pivots but there are others such as Camarilla and DeMark. I do use Radarscreen with pivots but it is for use with Forex. I don't have specific alerts for when price breaks a pivot level but I do have colour changes on the background when price gets close to a pivot level. For me I have daily, weekly and monthly time frames using Floor, Camarilla and DeMark Pivots. I look for a confluence of pivots and then use price action to take a trade.

Here is a screenshot of my RS set up.


Paul

[Tams]

Originally Posted by ed16888 »

I daytrade and I use 144 tick chart on the radar screen, I was just wondering if there is such a alert that I can set up in the radar screen that monitors stocks' pivots and gives you alerts like AAPL broke R1 or like AAPL reversing from R1, things like that.

I am sure it has been done already, tho I haven't seen it...

if you can write the spec... and make a screen mock up (with notes), I am sure something can be arranged.

[ed16888]

Hey Paul, I do use floor pivots on the radar screen, however I don't see anywhere I can adjust the backgound colors when the price gets close, what indicator are you using? do you mind sharing it with me, thanks in advance..

Ed.

[Trader333]

The background colours are a line of code when price approaches the pivot point. I wrote the indicator myself but it is specific to how I use them. I will take another look at it and see what changes may be needed to make it easier for others to use. I only use R1, PP and S1 for floor pivots and I know others use R2 and S2 as well.


Paul

[ed16888]

here is a screenshot of my radar screen, is there a way to add alerts to my pivots when the price cross or near. I also attached the floor trader eld that I use, can anyone help?below is the pivots indicator that I use, any programmer out there can assists?

{
Applies to daily, intra-day, and tick bar charts only.

Plots lines at floor trader pivot levels, based on the following formulae:

Resistance Level 3 = R3 = R2 + YestHigh - YestLow
Resistance Level 2 = R2 = PP + YestHigh - YestLow
Resistance Level 1 = R1 = PP * 2 - YestLow
PivotPoint = PP = ( YestHigh + YestLow + YestClose ) / 3
Support Level 1 = S1 = PP * 2 - YestHigh
Support Level 2 = S2 = PP - YestHigh + YestLow
Support Level 3 = S3 = S2 - YestHigh + YestLow

Input specifies whether R3 and S3 are plotted in addition to the 5 lines at PP, S1,
S2, R1, and R2.
}

inputs:
Plot_5or7( 5 ) ; { if 7, adds plots for S3 and R3 to other 5 lines }

variables:
S1( 0 ),
S2( 0 ),
S3( 0 ),
R1( 0 ),
R2( 0 ),
R3( 0 ),
PP( 0 ),
TodaysHigh( 0 ),
YestHigh( 0 ),
TodaysLow( 0 ),
YestLow( 0 ),
TodaysClose( 0 ),
YestClose( 0 ),
Counter( 0 ) ;

if Date <> Date[1] then
begin
{ increment Counter to be sure enough data is processed - see comment below }
Counter = Counter + 1 ;
YestHigh = TodaysHigh ;
YestLow = TodaysLow ;
YestClose = Close[1] ;
TodaysHigh = High ;
TodaysLow = Low ;
PP = ( YestHigh + YestLow + YestClose ) / 3 ;
R1 = PP * 2 - YestLow ;
R2 = PP + YestHigh - YestLow ;
R3 = R2 + YestHigh - YestLow ;
S1 = PP * 2 - YestHigh ;
S2 = PP - YestHigh + YestLow ;
S3 = S2 - YestHigh + YestLow ;
end
else
begin
if High > TodaysHigh then
TodaysHigh = High ;
if Low < TodaysLow then
TodaysLow = Low ;
end ;

if Counter >= 2 and BarType < 3 then { if at least one full day's data has been
processed and chart bar interval is daily, intra-day, or tick bar then plot }
begin
if Plot_5or7 = 7 then
Plot1( R3, "R3" ) ;
Plot2( R2, "R2" ) ;
Plot3( R1, "R1" ) ;
Plot4( PP, "PP" ) ;
Plot5( S1, "S1" ) ;
Plot6( S2, "S2" ) ;
if Plot_5or7 = 7 then
Plot7( S3, "S3" ) ;
end ;