Woodies Pivot Points (Intraday/Daily) free
Description
Similar to regular Pivot Points but Pivot Line is calculated with more weight to the closing price. Pivot Points is a method for calculating support and resistance levels. Resistance and support levels indicate where a major price movement is expected. As a trend indicator, it indicates an upward movement, for instance, if the pivot point price is broken in, then the market is bullish, and vice versa. Pivot points are short-term trend indicators, however and therefore useful for only one day. The second method is to use pivot point price levels to enter and exit the markets.
Notification Publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section you may use the Copyright Infringement Notification form to submit a claim.
Formula / Source Code
u s i n g S y s t e m ; u s i n g c A l g o . A P I ; n a m e s p a c e c A l g o . I n d i c a t o r s { [ I n d i c a t o r ( I s O v e r l a y = t r u e , A c c e s s R i g h t s = A c c e s s R i g h t s . N o n e ) ] p u b l i c c l a s s W o o d i e P i v o t P o i n t s : I n d i c a t o r { p r i v a t e d o u b l e _ c l o s e ; p r i v a t e d o u b l e _ h i g h e r ; p r i v a t e d o u b l e _ l o w e r ; # r e g i o n O u t p u t [ O u t p u t ( "