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Date/Time: Thu, 02 May 2024 15:22:21 +0000

Post From: Pivot Points - Formula 5

[2019-02-11 11:42:09] Link To Thread - Link To Post [Go To First Post]
sync - Posts: 9
Hi, Firstly, I want to thank Sierra Chart for the great implementation of Formula 5 pivots (Camarilla). As well as the R5 and S5 levels defined in this study, I wanted to mention that some people use an intermediate/first target before these levels, and I set these out below - I've tried to write the formula in the same way as Sierra Chart documentation. I have defined them as R4.5 and S4.5 R4.5 = ((Range * 1.1) * (3/4)) + Yesterday's Close S4.5 = Yesterday's Close - ((Range * 1.1) * (3/4)) Would SC consider implementing these R4.5 ad S4.5 pivots? There is currently a large gap between R4 and the target R5, and similarly with S4 and target S5. I believe that the above additions would make solid intermediate/first targets, based on my previous experience in using these pivots. Thanks in advance for your consideration. Date Time Of Last Edit: 2019-02-11 13:55:15