Support Board

Date/Time: Wed, 15 May 2024 02:43:26 +0000

Post From: New functionality request for Pivot Point indicator

[2017-09-07 17:17:18] Link To Thread - Link To Post [Go To First Post]
User727034 - Posts: 21
I've looked at the use of the Pivot Point indicator and the description suggests contacting support if a desired formula is not there. I would look for a modification that adds a user-defined constant to the Pivot Point indicator (a) the user needs to be able to define the Pivot Point e.g. Yesterdays Close, Today's Open (in particular), High-of-day, Low-of-day [intraday], OR even using a User-Defined value would have good use. (b) select the user defined constant input e.g. 5 Then the formula would be * Resistance Level 1 (R1) = PivotPoint + UserDefinedConstantx1 * Resistance Level 2 (R2) = PivotPoint + UserDefinedConstantx2 * Resistance Level 3 (R3) = PivotPoint + UserDefinedConstantx3 * Resistance Level 4 (R4) = PivotPoint + UserDefinedConstantx4 * Support Level 1 (S1) = PivotPoint - UserDefinedConstantx1 * Support Level 2 (S2) = PivotPoint - UserDefinedConstantx2 * Support Level 3 (S3) = PivotPoint - UserDefinedConstantx3 * Support Level 4 (S4) = PivotPoint - UserDefinedConstantx4 A line would appear at each level. Would it possible to use such an indicator on intraday charts that would plot similar type Resistance and Support lines if the Pivot Point could be selected as the Current High-of-the-day or the Current Low-of-the-day?