Is there any backtesting program that has "pivot points"

[TSGannGalt]

Quote from thriftybob:

Feel free to elaborate instead of killing my theory without any discussion, reasoning or results

Also, as I said, none of the backtesting systems I've seen has them as an option. What system did you test them with?

Are you backtesting without any programming capabilities?

 

[thriftybob]

No, Its just that none of the systems have pivot points defined using higher low or lower high.

The ones I've found only have the average stuff, which I don't see any point in working with.

Maybe the Tradestation one will work out. Its not that I can't code, its just that I'm not looking to reinvent wheels in order to backtest the theory.

 

[sim03]

I've seen the term "pivot points" used in this context of trend, waves, lows and highs, but it's probably far less common usage than any of the standard, average-type pivots.

Take a look at both "Wave Auto Trend" and "ZigZag" indicators in MetaTrader 4. Their code is open source. As it typical with the MT4 community, you'll also find fully disclosed EA's based on them, to give you a running start. No need to reinvent the wheel.

 

[Tums]

Quote from thriftybob:
No, Its just that none of the systems have pivot points defined using higher low or lower high.
The ones I've found only have the average stuff, which I don't see any point in working with.
Maybe the Tradestation one will work out. Its not that I can't code, its just that I'm not looking to reinvent wheels in order to backtest the theory.

check the Treasure Chest...
Index in 2nd post.
http://elitetrader.com/vb/showthread.php?s=&threadid=146049

 

[lindq]

Quote from thriftybob:

i'm looking for one that identifies higher highs vs lower highs, etc, not the mathematical average type.

for example, when i get a higher low, i string the lows together on a chart as a trendline, and want to take the new higher low, minus a small fudge factor, and move my stop up to there if I was long.

Investor RT at www.linnsoft.com

 

[IanMacQuaide]

In Suri Duddella's book "Trade Chart Patterns like a Pro", he outlines a simple Opening Range Pivot method.
I've adapted it for my own use, quite a bit different than his method.
He's got a TS prgrm code that plots them.

 

[thriftybob]

Quote from Tums:

check the Treasure Chest...
Index in 2nd post.
http://elitetrader.com/vb/showthread.php?s=&threadid=146049

Thanks much for posting. The HHLL one looks like what I was looking for. I've never done any easylanguage in TS, but I guess this gives me a good reason to learn it.