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Tutorial 91 | How to plot the levels of the last high and low pivots

Tutorial 91 demonstrates how to write a TradeStation EasyLanguage indicator to plot horizontal lines on a chart at the price level of the last confirmed high and low pivots. I also demonstrate how to use the program with the MultiCharts scanner.

Tutorial 91 applied to a 60 minute SPY chart. The red line is drawn at the level of the last confirmed high pivot. The white line is drawn at the level of the last confirmed low pivot.
Tutorial 91 applied to a 60 minute SPY chart. The red line is drawn at the level of the last confirmed high pivot. The white line is drawn at the level of the last confirmed low pivot.

Gold Pass members can copy and paste the tutorial program created in the video below.

 

Tutorial 91 applied to the MultiCharts scanner. The plots show the values of the last high pivot and the last low pivot
Tutorial 91 applied to the MultiCharts scanner. The plots show the values of the last high pivot and the last low pivot

Video explanation | Plotting pivot lines

If you are are a Gold Pass member I have included a copy of this demonstration program below, make sure you are logged in to see the following content:

This content is for members only.

THESE INDICATORS, SHOW ME STUDIES, STRATEGIES AND OTHER PROGRAMS HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES.

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ANY EASYLANGUAGE OR POWERLANGUAGE TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (AND PARTS THEREOF) AND ASSOCIATED TECHNIQUES REFERRED TO, INCLUDED IN OR ATTACHED TO THIS TUTORIAL OR PROGRAM DESCRIPTION ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. MARKPLEX CORPORATION. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS AND TECHNIQUES DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.