Day trading - Intraday high Low almost predicted

[jlmalhotra]

Malhotra sir i copied and pasted but i am getting error message(without having been initialized) will u pls help me? thanks

?????? Where have you copy pasted ????

 

[manu_nbd]

Here Guys


PP = Pr High + Pr Low + Pr Close;
High1 = ((((Pr Close + Pr High)/2)/3)*2) + (TodayOpen /3) ;
Low1 = ((((Pr Close + Pr Low)/2)/3)*2) + (TodayOpen /3) ;

High2= High1 + (High1- Low1)
Low2 - Low1 - (High1- Low1)

Dear JLM, are they different from classic Pivot Points and do they work well, do you use them in your trading??? - regards

 

[jlmalhotra]

Dear JLM, are they different from classic Pivot Points and do they work well, do you use them in our trading??? - regards

Try them out. Nothing works but discipline

 

[manu_nbd]

I think there is an error in the formula given by you, the PP should be like -
PP = (pr.h+pr.l+pr.cl)/3.
please pardon me if I am wrong, regards

 

[jsb2012]

in amibroker formula editor

 

[salman200867]

plz upload today's high low chart

 

[jlmalhotra]

in amibroker formula editor

Its not an Amibroker formula.
Use calculator to calculate

 

[jsb2012]

ok i am trying to convert to afl lets see

 

[novicetraders]

I don't understand why we have to calculate PP. it doesn't affect any of the formulas

Sir

For the PP formula ...U have mentioned PP = Pr High + Pr Low + Pr Close;

Is it correct or should it be PP = (Pr High + Pr Low + Pr Close ) /3 ;

Please advise

 

[novicetraders]

?????? Where have you copy pasted ????

Here is the amibroker Afl for the same
Seniors please advise whether any changes ahs to be made ...

Have used this mathematical formula mentioned below
PP = Pr High + Pr Low + Pr Close;
High1 = ((((Pr Close + Pr High)/2)/3)*2) + (TodayOpen /3) ;
Low1 = ((((Pr Close + Pr Low)/2)/3)*2) + (TodayOpen /3) ;

High2= High1 + (High1- Low1)
Low2 - Low1 - (High1- Low1)

_SECTION_BEGIN("Intraday Pivot");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +"
{{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));

Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );

H1=SelectedValue( TimeFrameGetPrice( "H", inDaily, -1 ));
L1=SelectedValue(TimeFrameGetPrice( "L", inDaily, -1 ));
C1=SelectedValue(TimeFrameGetPrice( "C", inDaily, -1 ));


//PP = Pr High + Pr Low + Pr Close;
//High1 = ((((Pr Close + Pr High)/2)/3)*2) + (TodayOpen /3) ;
//Low1 = ((((Pr Close + Pr Low)/2)/3)*2) + (TodayOpen /3) ;



// Pivot Point Calculation /////////
PP= (H1 + L1 + C1)/3;
High1=((((C1 + H1)/2)/3)*2) + (O /3) ;
Low1 = ((((C1 + L1)/2)/3)*2) + (O /3) ;

High2= High1 + (High1- Low1);
Low2 = Low1 - (High1- Low1);

Plot (PP,"Pivot",colorOrange,styleLine+styleNoRescale);
Plot (High1,"H1",colorViolet,styleLine|styleNoRescale);
Plot (High2,"H2",colorViolet,styleLine|styleNoRescale);

Plot (Low1,"L1",colorGreen,styleLine|styleNoRescale);
Plot (Low2,"L2",colorGreen,styleLine|styleNoRescale);

_SECTION_END();