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Posts: 3

Joined: 12/17/2013
Location: Pretoria, South Africa

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Subject : RE: Pivot Points (7) Indicator
Posted : 1/18/2014 3:59 PM
Post #30662 - In reply to #30660

Hi Jim thanks for your quick reply! I really appreciate it. I've been looking at how Pivot's are formed, but what truly puzzles me is that the software draws the line even when the price gives absolutely no indication of whether or not it is indeed forming a pivot point but the line is always "right". Once the line is drawn the reversal starts occurring. How does the calculation determine where and when to draw the line. The line is only drawn at the exact instant a pivot is formed and is always right. You don't really need to wait to see if the price is turning up or down or for any other confirmation. The Pivot Points (7) seems to draw the line at the right time every time (with only a few exceptions!)
Deleting message 30662 : RE: Pivot Points (7) Indicator

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