Alchemy Auto Multi Pivots Indicators

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	Placitas, NM
Phone # for sales:	303-258-9786
Website:	www.tradingalchemy.com
Click link to request additional product information.
E-mail address:	info@tradingalchemy.com

CATEGORY: SOFTWARE

General Information TOP

Product name: Alchemy Auto Multi Pivots Indicators

Initial Price: 199.95

Brief product description:

Floor traders pivot points are a well-known technique used by floor traders (locals) and market makers in the trading pits to calculate intraday support and resistance points. Trading Alchemy has just added new exciting features to their popular Floor Traders Pivot Points indicators, by turning them into multiple pivots indicators that display daily, monthly, weekly or yearly pivots! These are all of the new features: Multi pivots to display daily, monthly, weekly or yearly pivots! Additional pivots S3 (3rd support) and R3 (3rd resistance) as well as their corresponding mid-points! Start and end time inputs for custom sessions that are especially useful for markets such as the Forex market! Ability to simultaneously display pivots for multiple periods! Manually override the high/low/close in order to adjust for official closing numbers! The Alchemy Floor Traders Pivot Points Indicators automatically calculate the floor traders pivots as well as their mid-points and display them either as horizontal trend lines or as plot lines. Each pivot is clearly labeled with text objects that can easily be disabled and the color for each pivot can be individually controlled. Individual alerts can be enabled for each pivot, to generate alerts when the market approaches or breaks each pivot.

System Requirements TOP

Operating system(s):

Windows98
Windows95
WindowsNT
Windows 2000
Windows ME
Windows XP
Windows Vista
Windows 7

Minimum RAM required: N/A

Minimum hard drive space: 300 mb

Minimum modem speed: 28800

Mouse required?: Yes

CD-ROM used?: No

CD-ROM required?: No

Demo disk available?: No

Market Information TOP

Markets followed:

Stocks
Futures
Bonds
Industrial groups
Cash markets
Mutual funds
Indices
Options

Data TOP

Data type(s) utilized:

Intraday data
End-of-day data
Historical Data

Sources for data:

Provided by an outside data source

Downloader: N/A

Data manager: N/A

Data Formats TOP

Formats read directly:

TradeStation

Additional formats read directly:

N/A

Formats read after conversion to program useable data:

BMI (Bonneville)
DBC (Signal)
DTN
FutureSource
TradeStation
ASCII

Additional formats read via conversion to program useable data:

N/A

Charts TOP

Chart type(s) utilized:

Bar Charts
Candlestick charts
Line charts
Point & figure

Charting features: N/A

Built-in indicators:

Indicator explanations provided
User-defined indicators

Screening and Alerts TOP

Ranking based on:

Indicator and studies

Screening based on:

Indicator and studies

Alerts based on:

Indicator and studies

Alerts displayed on charts?: Yes

Alerts displayed in table?: Yes

Screening by individual system per market?: No

Save tables?: No

Automated printing of tables?: No

Trading Systems TOP

Trading system features: N/A

Options Analysis TOP

Options analysis features: N/A

Support TOP

Support features:

Online help
Manual
Phone support

Manual page length (if applicable): 80

Additional Information TOP

Additional comments (please indicate additional indicators, special features and services here):

Floor traders pivot points are a well-known technique used by floor traders (locals) and market makers in the trading pits to calculate intraday support and resistance points. This technique has been around for decades, yet is still much in use today. Before the advent of computers and sophisticated analysis techniques, floor traders used a set of calculations to determine key support and resistance points in the market. They calculated these points from the previous days open, high, low and close. The floor traders today still use these points in their intraday trading. Since the floor traders in the pits are using these points for support and resistance, it just makes good sense to keep track of these key points and be aware of them if you are doing any type of intraday trading. The Alchemy Floor Traders Pivot Points indicators automatically calculate the floor traders pivots as well as their mid points and display them either as horizontal trend lines or as plot lines. Each pivot is clearly labeled with text objects that can easily be disabled and the color for each pivot can be individually controlled. Individual alerts can be enabled for each pivot, to generate alerts when the market approaches or breaks each pivot. New features: Our indicators can now be used to display daily, monthly, weekly or yearly pivots. We have just added some new exciting features to our popular Floor Traders Pivot Points indicators, by turning them into multiple pivots indicators that display daily, monthly, weekly or yearly pivots! Multi pivots to display daily, monthly, weekly or yearly pivots! Additional pivots S3 and R3 as well as their corresponding mid-points! Start and end time inputs for custom sessions that are especially useful for markets such as the Forex market! Ability to simultaneously display pivots for multiple periods! Manually override the high/low/close in order to adjust for official closing numbers! For any market, there is an equilibrium point around which trading activity occurs. In the absence of large numbers of new buyers or sellers, this point serves as the pivot or focal point for the floor traders (locals) and the market makers as they adjust their bids and offers. When prices move away from the pivot, there are zones of support and resistance that can be derived from the established value area in that particular market. Penetration of these zones leads to perceived changes in valuation and usually results in the entry of new players and orders into the market.