Hi Billy,
At your convenience can you tell me how you get the SS pivot points on tc2000. My tc2000 shows every period except the SS.
Thanks,
Buzz
Hi Billy,
At your convenience can you tell me how you get the SS pivot points on tc2000. My tc2000 shows every period except the SS.
Thanks,
Buzz
Buzz,
They are the semester (half-yearly) levels. I update the multi levels manually in TC2000. You can easily find their values in the Forum Clusters file that I post daily. All levels in the file are using Yahoo Finance data, not TC2000 data.
As a reminder, you must only use the highs, lows and close of the previous period. Current SS levels are using data from January,1 to June, 30. The formulas for calculating pivots are as follows:
Resistance 3 = High + 2*(Pivot - Low)
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2*(High - Pivot)
Billy
Thank you, i've got it.
Hi Billy,
A lot of people have been pointing to the 30-min head and shoulders pattern that is forming on the IWM (and, conversely the SPY). Any thoughts on this?
Thanks.
Ah, I must have missed that. Thanks Andrei.