TRO pivots

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brownturtle
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TRO pivots

Postby brownturtle » Wed Jan 20, 2010 10:31 pm

Hello Avery
Have been using for quiet some time now, your Indicator TROPIVOT5, not necessarily as an entry point, but price tends to gravitate to these lines, more so, in my opinion than the traditional daily pivots. was just wondering on what you have based these on, im not interested in the source code, but just the reason behind them
thanks in advance
Anthony

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TheRumpledOne
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Postby TheRumpledOne » Thu Jan 21, 2010 12:48 am

Image

You have the source code. It was posted in the Motherlode.

It is the regular pivot price formula:

PP = ( high + low + close ) / 3.

TRO_PIVOT5 shows the current PP and the PP for the 4 previous day's.
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Thanks

Postby brownturtle » Thu Jan 21, 2010 1:22 am

Thank you for the prompt reply... its amazing how the price gravitates to these areas,a and when you have 2 lines close together, how they act as strong support/resistance

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Patch
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Postby Patch » Thu Jan 21, 2010 4:32 am

brownturtle

Welcome to kreslik, my very favorite trading site.

Are you a turtle?

A turtle follower/fan?

I am thinking lately that longer term time frames is where the big profits are earned. Skills learned, not luck.

Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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Postby PTG » Thu Jan 21, 2010 8:02 am

Patch wrote:I am thinking lately that longer term time frames is where the big profits are earned. Skills learned, not luck.


It's about having an edge and exploiting it. That requires discipline.

Not as easy as it seems :roll:
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Postby sidney18 » Thu Jan 21, 2010 8:36 pm

what is the best way to trade pivots? is there any other indicators to use with them?

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Postby TheRumpledOne » Thu Jan 21, 2010 10:46 pm

Trade with the candle color. Use the TRO_MULTI_METER_CANDLE_COLOR indicator.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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