Indicators: PLdot

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PLdot:

Very simple indicator PLdot. It's been even optimized.

Author: John Smith

[[Deleted]]

Can you explain how it works? I don't understand what is going on here and how is it useful?

Cheers

Shayne

[[Deleted]]

   it's ploting typical price of last tree bars - kinda  pivot  - can be used same as floating pivot or MA dot 

      ((High[i+1] + Low[i+1]+Close[i+1])/3) +
         ((High[i+2] + Low[i+2]+Close[i+2])/3) +
         ((High[i] + Low[i]+Close[i])/3)
      )/3;