Auto pivot points
Author: reiford
Creation Date: 11/28/2010 5:21 PM
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reiford

#1
Any way to have auto pivot points on the charts
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Eugene

#2
Not sure if this was a question or affirmation. What's "auto pivot points"? Do they have a formula, description?

Nevertheless, search is still a power tool to discover all kinds of pivot point detection - regardless how vague/absent was the description:

Floor Trader Pivots
Pivot Point Bar
TASC 2009-09 | Pivot Detection Oscillator (Siligardos)
ActiveTrader 2008-07 | Wyckoff spring setup
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reiford

#3
My questions is their a way to have daily pivot points automatically plotted on charts for intrady charting
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Cone

#4
Sure, by using a Strategy that automatically does that; hence all the links in Eugene's reply.
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rmpwealth

#5
Regarding #2 on the list ("Pivot Point Bar"): When this code originally was written, I wanted to use it as a tradeable Indicator as opposed to just a chart, and Cone said he would modify the code so as to make the Indicator "tradeable", but never did. If not too much trouble, would someone please do so? Thanks.
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Eugene

#6
Then I wonder what the boolean parameter "tradeable" is there for?
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Cone

#7
In other words, I did make the PivotPointBar indicator tradable, optionally, by setting the tradeable parameter to true.
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rmpwealth

#8
From reading the text that accompanied the code, I also presumed that the code was for a Tradeable Strategy that could be used for backtesting purposes; however, the code is not working for me. Here is what I did; what did I do wrong?

In WL-6, I opened a New Strategy for Code window. I deleted all existing text from the window; pasted into the window the code from the Wiki page; clicked on Compile; and received a message that stated: Strategy "Pivot Points Demo" compiled successfully!

I then input Symbol=SPY; BarScale=Daily; DataRange=5-Yrs; and Position Size=$10,000 (RawProfitMode).

When I click "Run the Strategy", I get a chart that shows the SPY daily price curve with the High & Low PP's superimposed; however, no trades are shown. What am I doing wrong? Regarding the boolean parameter "tradeable" being set to true or false, I am not a programmer and do not understand this -- do I need to change some of the language in the code to render it tradeable for backtesting? If so, please advise (1)exactly what should be changed to what; and (2) should the changes to the language in the code be made before or after I compile the code?

Thanks for your patience with a non-programmer.
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Eugene

#9
The Strategy is not programmed to make any trades, it's merely annotating bars and plotting some eye candy.
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Cone

#10
Also, before you waste your time thinking that you can buy the troughs and sell the peaks, notice the "Tradeable" strategy parameter in lower left window. Click that over to "1" to tell the code to plot the tradeable PPs. What you'll see are many, many more PPs plotted. Do you know why?

Click between 0 and 1 a few times and consider how you would use such an indicator to help you trade.
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rmpwealth

#11
I set the Tradeable parameter to "1", but still no trades were made.

However, I remember having had this discussion about a year ago; did a search; and found that we did have a discussion (Pivot Points High & Low, started 12-09-09). The bottom line from that thread was that I was able to accomplish what I wanted using AvePriceC.Series (same data, but does not "peek"), instead of Pivot Points. Sorry for the wild goose chase.