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AlchemyHookPivot (Function)

AlchemyHookPivot is a multiple-output function that returns the values of a pivot point that is associated with a hook.

AlchemyHookPivot(HiLo, HiPrice, LoPrice, MinHook, oHiPivot, oPivotHi, oPivotHiBar, oDownHookHi, oDownHookBar, oDownHookSlope, oLoPivot, oPivotLo, oPivotLoBar, oUpHookLo, oUpHookBar, oUpHookSlope)

Parameters

 

HiLo

A positive value looks for pivot highs only.  A negative value looks for pivot lows only.  0 looks for both pivot highs and pivot lows.

HiPrice

Specifies the value to use for pivot highs.

LoPrice

Specifies the value to use for pivot lows.

MinHook

Specifies the minimum slope to qualify for a hook.

oHiPivot

Variable that receives 1 if a pivot high is made.

oPivotHi

Variable that receives the value of the pivot high.

oPivotHiBar

Variable that receives the bar number of the pivot high.

oDownHookHi

Variable that receives the value of the high of the down hook

oDownHookBar

Variable that receives the bar number of the down hook

oDownHookSlope

Variable that receives the slope of the down hook.

oLoPivot

Variable that receives 1 if a pivot low is made.

oPivotLo Variable that receives the value of the pivot low.
oPivotLoBar Variable that receives the bar number of the pivot low.
oUpHookLo Variable that receives the value of the low of the up hook
oUpHookBar Variable that receives the bar number of the up hook
oUpHookSlope Variable that receives the slope of the up hook.

 

Returns

AlchemyHookPivot returns 1 when a pivot high associated with a down hook is made and returns -1 when a pivot low associated with an up hook is made. The values of oHiPivot, oPivotHi, oPivotHiBar, oDownHookHi, oDownHookBar, oDownHookSlope, oLoPivot, oPivotLo, oPivotLoBar, oUpHookLo, oUpHookBar, oUpHookSlope are passed by reference back to the calling function or technique.

Usage

This function is used to find pivot points that are associated with hooks and all of their associated values.

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