OmniTrader Professional Forum OmniTrader Professional Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


Only Forum Moderators, Administrators, and the owner of this message may delete it.

 
Bill Graves

Veteran
100252525
Posts: 184

Joined: 3/22/2006
Location: Phoenix, Arizona

User Profile
 
Subject : RE: Rolling Pivot Points
Posted : 4/3/2007 11:46 AM
Post #4471 - In reply to #4467

Manfred,

Pivot calcs are based on the close of the applicable periodic bar: daily, weekly, or monthly.

Daily Pivots: If Monday is a holiday, Tuesday's pivot levels are calculated on the previous Friday's high, low & close.

If Friday is a holiday, Monday's pivot levels are calculated using the privious Thursday's high, Low & close.

Weekly Pivots: If Monday is a holiday, the current week's pivot levels beginning Tuesday are calculated using the previous week's high, low, & close. That weekly bar would close on Friday.

If Friday is a holiday, the current week's pivot levels beginning Monday are calculated using the previous week's high, low, & close. That weekly bar would close on Thursday.

Also, be sure to use the 24 hour session, not the day session.

I hope I am answering the question you asked ~ also that you could make sense of my explanation. -:)
=====================================================
EDIT: I don't think I answered the right question. You were asking about how to program this in OT... Sorry.

[Edited by Bill Graves on 4/3/2007 11:57 AM]

Deleting message 4471 : RE: Rolling Pivot Points


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.