dmerk pivot ,how to program this

dmerk pivot ,how to program this

sumit
2019-12-02 11:56:06

If Close < Open, then X = High + (2 * Low) + Close

If Close > Open, then X = (2 * High) + Low + Close

If Close = Open, then X = High + Low + (2 * Close)

Pivot Point (P) = X/4

Support 1 (S1) = X/2 - High

Resistance 1 (R1) = X/2 - Low

QuantShare
2019-12-03 10:04:47

Here is how to translate this:

x = iff(close < open, high + (2*low) + close, (2*high) + low + close);
x = iff(close == open, high + low + (2*close), x);
pp = x / 4;
s1 = (x/2) - high;
r1 = (x/2) - low;

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