Releasing version 4.00 of !RL_TraderPivots.. for October.

By : October 31, 2010 at 11:10 am

imageMy October release is a reworked !RL_TraderPivots indicator for TradeStation.  This is probably the most popular indicator I have.

 

There has been several requests for some updates which included requests for different type of pivots so this premium release (version 4.0) includes support for Camarilla Pivots as well as Woodie pivots.  If there are users out there with different pivot calculations please let me know and I will be glad to add them.

 

To jump to the documentation and download you can go here:

http://www.redliontrader.com/i ndicators-3/tradestation/rl_pivots-trader-pivots/

 

Note that this release is for Gold Members only and is our October release.  The November release will be coming soon.  I am working with Frank Ochoa at PivotBoss.com to release his indicators and trading strategies from his latest book, Secrets of a Pivot Boss and these too will be available to premium members.  If you have not joined yet you can read more about gold membership and its benefits.

 

About Camarilla Pivots:

Calculations Used:

R4 = C + RANGE * 1.1/2
R3 = C + RANGE * 1.1/4
R2 = C + RANGE * 1.1/6
R1 = C + RANGE * 1.1/12
PP = (HIGH + LOW + CLOSE) / 3
S1 = C – RANGE * 1.1/12
S2 = C – RANGE * 1.1/6
S3 = C – RANGE * 1.1/4
S4 = C – RANGE * 1.1/2

Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot Point, S1 through S4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily).

 

About Woodie Pivots:

R4 = R3 + RANGE
R3 = H + 2 * (PP – L) (same as: R1 + RANGE)
R2 = PP + RANGE
R1 = (2 * PP) – LOW
PP = (HIGH + LOW + (TODAY’S OPEN * 2)) / 4
S1 = (2 * PP) – HIGH
S2 = PP – RANGE
S3 = L – 2 * (H – PP) (same as: S1 – RANGE)
S4 = S3 – RANGE
Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot Point, S1 through S4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily).

 

Here are some useful links I have for the Pivots:

Trading with Camarilla Pivots
Forex Trading with Camarilla Pivots

and of course the PivotBoss.com site: Secrets of a Pivot Boss

 

Woodie Pivots:

Forum post from Woodie’s site

 

There are plenty of sites for all pivot trading.. Just google..

 

If you have an issues or questions please feel free to write indicators@redliontrader.com or comment below.. Enjoy!