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Chapter 15, Part III. Other ways of Pivots calculation.

Discussion in 'Complete Trading Education- Forex Military School' started by Administrator, Sep 13, 2011.

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  1. Administrator

    Administrator Just Administrator :-)

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    Part III. Other ways of Pivots calculation. [​IMG]
    Commander in Pips: At the end of discussion Pivot points, let’s talk about other ways of their calculation. These ways are not widespread and not integrated into most trading software, although possibly you’ll find some that have it. Here I will not show you any chart, because I also have no software to demonstrate them. Still – they look absolutely the same, the difference only is that these pivots have a bit different level than common Pivots.

    In general, the major difference of this alternative calculation way is twofold – either to give more weight to closing price, or to combine pivots with Fib ratios. You will see it clearly, when we point out the formulas.

    [​IMG]

    Pipruit: And maybe we will skip it? Why we need them at all?​

    [​IMG]
    AsstModerator Note: I think I was at that party. :)


    Commander in Pips: In general, we can skip it without harming much our knowledge. But what if these pivots are the tool that you will look for? Nobody knows what you will need. Maybe you’ll find that these particular pivots work better than common Pivots. Anyway, this information will not be unnecessary. At least you can return to these formulas at any time if you’ll need to.
     
    #1 Administrator, Sep 13, 2011
    Lasted edited by : Oct 11, 2011
    Hamza Samiullah likes this.
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