StockFetcher Forums · General Discussion · pivot point question<< >>Post Follow-up
jake
5 posts
msg #156
Ignore jake
11/22/2002 5:38:49 PM

Tom or other staff

I am trying to use the pivot point indicator but not getting the results I am looking for. I want to find stocks that are approaching their pivot point from below within one last day. I narrow my search with volume and close prices but still get thousands of stocks. Also the majority of the choices don't seem to be anywhere near their pivot point as I see the chart. How does your system define "pivot point" and do you have any recommendations on how to write a filter for stocks that are approaching their pivot point from below? Thanks


tomb
261 posts
msg #158
Ignore tomb
11/22/2002 9:25:22 PM

Hi,

By definition the "Pivot Point" measure that we use is: (High + Low + Close) / 3.0. This pivot point is used as a basis for computing the R1,S1,R2,S2 support and resistance levels.

Is it possible you are looking for a different type of "Pivot Point"? If you are actually looking for a pattern -- such as a stock retreating from a recent high or low, please let us know and we would be more than happy to provide some samples that would look for that kind of pattern!

Thanks again for the feedback!

Tom


jake
5 posts
msg #164
Ignore jake
11/24/2002 12:49:16 PM

Tom

How do I write a double bottom filter?


StockFetcher Forums · General Discussion · pivot point question<< >>Post Follow-up

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