BullCharts discussion: pivot point indicator

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pivot point indicator

Printed From: BullCharts Forum
Category: BullCharts
Forum Name: BullCharts discussion
Forum Discription: General discussion about getting started with BullCharts and exploring its features.
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=225
Printed Date: 27 Apr 2025 at 9:54pm
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com

Topic: pivot point indicator

Posted By: billy
Subject: pivot point indicator
Date Posted: 02 Jun 2005 at 10:08am

I tried the pivot point indicator and found that on the daily chart it givies you the corect pivot lines but when you change to a five min chart that the pivot points change to show the points of the first five minutes of that day which is not right because you want the indicator to stay on the daily indicator levels while looking at a five minute chart the next day. I may be wrong but could you have a look.

Thanks.

Replies:

Posted By: Peter
Date Posted: 03 Jun 2005 at 5:12pm

Yes, unfortunately this is something that BullCharts (pretty much most charting programs) can't really get around.

This is because BullScript (which the indicators are written in) does not work in terms of days, weeks or minutes. Rather it works in terms of bars. So this also applies to all the other indicators in BullCharts.

Posted By: billy
Date Posted: 06 Jun 2005 at 7:54pm

peter

would it be possable to freeze the indicator lines so that when you move to a diffrent time frame that they stay the same?

Posted By: Peter
Date Posted: 07 Jun 2005 at 9:38am

Interesting idea. We have toyed around with ideas in the past of having multiple time scales on the one chart.

Posted By: pipsqueek
Date Posted: 21 Jun 2005 at 3:17pm

Where can I get the Pivot Point indicator that Billy is talking about?

And will it be possible to check whether or not a pivot low is lower than the previous pivot low?

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failing to plan is planning to fail.

Posted By: Tim Allen
Date Posted: 22 Jun 2005 at 9:59am

I believe the broken Pivot Point indicator under discussion is available on the Downloads page.

Posted By: Peter
Date Posted: 13 Jul 2005 at 4:00pm

It's now possible to do this kind of TimeAxis/period adjustment in BullCharts 3.0.1. Insert the indicator, then adjust the period in the advanced tab.