pivot calculation taken from all type
1 classic,
2 woodie, and
3 camerella
4. average of 1 and 2
5. average of 1 and 3
6. average of 2 and 3 which will be in extern type
formula taken from
http://www.mypivots.com/investment-calculators/pivot-point-calculator
time frame in chart acting
price taken in (op, hi, lo, cl) no.of candle in extern type
example.
open price taken from 4 th candle
high price taken from 5 th candle
low price taken from 3 rd candle
close price taken from 2 nd candle
levels taken from r4,mr4,r3mr3....pivot, ms1,s1...s4
buy extern type
in any mr1,r1,mr2,r2,m3,r3 and
stop must be in trailing mode on the levels
target also in levels
sell extern type
in any ms1,s1,ms2,s2,ms3,s3,ms4,s4 and
stop must be in trailing mode on the levels
target also in levels
buy and sell must be paste in open pending order
if buy taken sell order cancelled
if sell taken buy order cancelled
Regards,
Sudhakar Kalyan
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