Floor Trader Pivot Points

[eSignal_EricL]

Does anyone have the formula or know the basis for calculation of the pivot points for a trading day which floor traders use? Apparently, Lewis Borsellino published these pivots on daily basis but no longer does.

We do have Pivot Point efs but I am not sure if these are the same thing.

[ACM]

elippert
I believe that the various Pivots scripts provided by eSignal use the traditional method of calculating pivots as implemented by floor traders.
Irrespective, if you want the ultimate pivot tool that contains almost every imaginable pivot one can think of, then check out Chris Kryza's PivotConsole script at the following link.
http://share.esignal.com/groupconten...ts&groupid=114
Alex

[gspiker]

Hi,

There was a floor traders pivots that Ral Lockhart ( http://www.ralockhart.com/dailyfigures and www.undergroundtrader.com ) used to teach (maybe still does). He used to have an .xls to help calculate it, but I can't find it now.

This may be the same thing you are looking for, so if anyone knows the formula and posts it I could take a swag at eSignaling it (coverting it to efs).

Garth

[Lancer]

Pivot formulas:

P = (H + L + C) / 3;
R1 = 2 * P - L;
S1 = 2 * P - H;
R2 = (P - S1) + R1; //Also same result: P + (H - L)
S2 = P - (R1 - S1); //Also same result: P - (H - L)

R3 = (P - S1) + R2; //Also same result: (P + R2) - S1
S3 = P - (R2 - S1); //Also same result: (P - R2) + S1

Some references re. S3/R3:
http://www.softwarenorth.net/temp/StudWeek/nwdp1.doc
http://www.fibonaccitrader.com/HELP...vot/default.htm
http://www.tradesphere.us/
- Tradesphere Pivot Buddy calculates pivots to R5/S5
- Formulas to R3/S3: Click on Training Center > Pivot Points

[eSignal_EricL]

RE: Reply to post 'Floor Trader Pivot Points'

Thanks Lancer--this definitely helps.

-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 18, 2003 1:51 PM
To: [email protected]
Subject: Reply to post 'Floor Trader Pivot Points'


Hello elippert,

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

[eSignal_EricL]

RE: Reply to post 'Floor Trader Pivot Points'

Thanks, I appreciate the info.

-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 18, 2003 1:25 PM
To: [email protected]
Subject: Reply to post 'Floor Trader Pivot Points'


Hello elippert,

~~~~~~~~~~~~~~~~~~~~~~~~~~~~