RE: [GT] System using PP.pm - support and resistance

[Weigert, T. <we...@ms...>]

Can you be a little more explicit as to what algorithm you are trying to
use to trigger your buy/sell?

 

What is your definition of "close to"?

 

Th.

 

From: Nicholas Kuechler [mailto:nku...@gm...] 
Sent: Sunday, May 18, 2008 10:29 PM
To: de...@ge...
Subject: [GT] System using PP.pm - support and resistance

 

Hi all,

I'm interested in using the PP.pm (pivot points) indicator to calculate
support and resistance points, which I would then like to use in a
system.

I'm able to run display_indicator on I:PP with no problems except that
it returns 5 values as a result: a pivot point, two support and two
resistance points:

$ ./display_indicator.pl I:PP GOOG
....
Pivot[{I:Prices HIGH}, {I:Prices LOW}, {I:Prices CLOSE}][2008-05-16] =
579.8533
FirstSupport[{I:Prices HIGH}, {I:Prices LOW}, {I:Prices
CLOSE}][2008-05-16] = 576.7567
SecondSupport[{I:Prices HIGH}, {I:Prices LOW}, {I:Prices
CLOSE}][2008-05-16] = 572.5133
FirstResistance[{I:Prices HIGH}, {I:Prices LOW}, {I:Prices
CLOSE}][2008-05-16] = 584.0967
SecondResistance[{I:Prices HIGH}, {I:Prices LOW}, {I:Prices
CLOSE}][2008-05-16] = 587.1933


How can I grab a single support or single resistance point to use in my
system?  For example I'd like to buy if the current price is close to
support, or sell when close to resistance.  I'm stuck on extracting the
support / resistance from this other information contained in the PP.pm
indicator.

Any help is greatly appreciated.

Thanks,
Nick

--
Nicholas Kuechler