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Floor Trader Pivots

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  • Floor Trader Pivots

    Greetings & Thank you for consideration of this EFS request.

    I have been manually entering this into a spreadsheet each night and then relaying the results to a Line that is manually enterted on my charts. this will save me some serious time.

    Can you please program an EFS that takes the previous session HIGH, LOW, CLOSE, uses the following calculation (slight alteration of other pivot point calcs, I call Floor-trader Pivots), and puts those lines on the chart, similar to the LinesLabels.EFS that i use now, except that I have to manually enter the values into the LinesLabels.EFS, then they appear on my chart, complete with easily-visable lables of that level on my chart.

    Here is the calculation:

    <b>Floor Trader Pivot Formulas</b>


    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 ;


    Ideally, these values would be taken from the previous session, calculated as shown above, and then plotted in the form of a thin line, with LABEL so you can see the value on the chart.

    I look forward to getting help with this, thank you again for the time and effort with this.

    Jd
    Joseph D.
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