Friday, August 2, 2013

The EchoVector Pivot Point Technical Analysis Tool and Indicator

Introduction to EchoVector Pivot Points

Also See "EchoVector Analysis: Topics In EchoVector Analysis"   


COPYRIGHT 2013 ECHOVECTORVEST



EchoVector Theory and EchoVector Analysis are a price pattern impact theory and a technical analysis methodology and approach postulated, created, and invented by Kevin John Bradford Wilbur.


EchoVector Analysis is also presented as a behavioral economic application and securities analysis tool in price pattern theory and in price pattern behavior, study, and forecasting, and in price speculation.

EchoVector Pivot Points are a further technical analysis tool and application within EchoVector Analysis, derived from EchoVector Theory in practice.

EchoVector Theory and EchoVector Analysis assert that a securities prior price patterns may influence its present and future price patterns.  Present and future price patterns may then, in part, be considered as 'echoing' these prior price patterns to some identifiable and measurable degree.

EchoVector Theory and EchoVector Analysis also assert that these influences may be observable, identifiable, and measurable in price pattern behavior and price pattern history, and potentially observable in future price pattern formation, and potentially efficacious in future price pattern forecasting, to some measure or degree.

EchoVector Analysis is also used to forecast and project potential price Pivot Points (referred to as PPP's --potential pivot points, or EVPP's --EchoVector Pivot Points) and future support and resistance echovectors (SREV's) for a security from a starting reference price at a starting reference time, based on the securities prior price pattern within a given and significant and definable cyclical time frame.

EchoVector Pivot Points and EchoVector Support and Resistance Vectors are fundamental components of EchoVector Analysis. EchoVector SREV's are constructed from key components in the EchoVector Pivot Point Calculation. EchoVector SREV's are defined and calculated and also referred to as Coordinate Forecast EchoVectors (CFEV's) to the initial EchoVector (XEV) calculation and construction, where X designates not only the time length of the EchoVector XEV, but also the time length of XEV's CFEVs.  The EchoVector Pivot Points are found as the endpoints of XEV's CFEVs' calculations and the CFEVs' constructions.

The EchoVector Pivot Point Calculation is a fundamentally different and more advanced calculation than the traditional pivot point calculation.

The EchoVector Pivot Point Calculation differs from traditional pivot point calculation by reflecting this given and specified cyclical price pattern length and reference, and its significance and information, in the echovector pivot point's calculation. This cyclical price pattern and reference is included in the calculations and constructions of the echovector and its respective coordinate forecast echovectors, as well as in the calculation of the related echovector pivot points.

While a traditional pivot point calculation may use simple price averages of prior price highs, lows and closes to calculate its set of support and resistance levels, the echovector pivot point calculation begins with any starting time and price point and respective cyclical time frame reference X, and then identifies the corresponding “Echo-Back-Date-Time-And-Price-Point” within this cyclical time frame reference coordinate to the starting reference price and time point A.  It then calculates the echovector (XEV) generated by the starting reference time/price point and the echo-back-time-point, and includes the pre-determined and pre-defined accompanying constellation of “Coordinate Forecast EchoVector” origins derived from the prior price pattern evidenced around the echo-back-time-point within a certain pre-selected and specified range (time and/or price version) that occurred within the particular referenced cyclical time-frame and period X.  Security I's EchoVector Pivot Point constructions then calculate and project the scope relative echovector pivot points that follow A, and the support and resistance levels determined by the ensuing coordinate forecast echovectors and their selected range definition inclusion, relative to the cyclical time-frame X, and to XEV's slope.


EchoVector Pivot Points are therefore advanced and fluid calculations and effective endpoints of projected coordinate forecast echovector support and resistance time/price levels, projections that are constructed from and follow in time from the starting reference price, time/price point A (echovector endpoint) of the initial subject focus echovector construction, and which occur within an EchoVector Pivot Point Price Projection Parallelogram construct: levels which are derived from coordinate (support and/or resistance) forecast echovectors calculated from particular 'scope and range defined' starting times and price points reflecting the time and price points of proximate scale and scope and time/price pivoting action that followed the initial subject focus interest echovector's echo-back-date-time-price-point B (derived from and relative to the initial subject focus echovector's starting time-point and price-point A, and the echovector's given and specified cyclically-based focus interest time-span X, and the initial subject forcus echovector's subsequently derived slope relative momentum measures).

The EchoVector Support and Resistance Vectors, referred to as the Coordinate Forecast Echovectors, are used to generate the EchoVector Pivot Points.

The coordinate forecast echovectors originate in a predefined range C of price pivots O's that occurred proximate to the echo-back-time-point B within the given cyclical time frame X of the starting reference price A.  

The coordinate forecast echovectors reflect the price momentum relationship of the starting reference point price and the echo-back-time-point in their calculation and in the calculation of the echovector pivot points.

In these respects, an echovector pivot point may be considered a price level of particular significance in the technical analysis of a security or financial market that may be usable by trader's as a forecasting indicator of a securities (or future market's) time and price vector influenced cyclical price movements.

EchoVector pivot points and their related support and resistance levels also have the calculation advantage of being able to be calculated on the basis of short-term, intermediate-term, or longer-term time frames within varied cyclical price references and 'elected or posited echo-characteristic based' time-spans.

Defining the EchoVector (EV) of Time Length X (for price/time point A
(at market trade print price p and at time point t) of security I
(investment) with Echo-Back-Time-Point A,t-X, p-N.

S Start Point
EVSF of Length (time-frame) X

The EchoVector "X-EV" of Security (Investment) "I" Measured from Market
Trade Time-Point/Print-Price Point, Starting Point, "A"

Definition: The EchoVector

"For any base security I at price/time point A, A having real market transaction and exchange recorded print price p at exchange of record print time t, then EchoVector XEV of security I and of time length (cycle length) X with ending time/price point A would be designated and described as (I, Apt, XEV); EchoVector XEV's end point is (I, Apt) and EchoVector XEV's starting point is (I, Ap-N, t-X), where N is the found exchange recorded print price difference between A and the Echo-Back-Date-Time-And-Price-Point of A, being (A, p-N, t-X) of Echo-Back-Time-Length X (being Echo- Period Cycle Length X).

A, p-n, t-X shall be called B (or B of I), being the EBDTPP (Echo-Back-Date-Time-And-Price-Point)*, or EBD (Echo-Back-Date)*, or EBTP (Echo-Back-Time-Point) of A of I. 


N = the difference of p at A and p at B (B being the 'echo-back-date-time-and-price-point of A found at (A, p-N, t-X.)

And security I (I, Apt, XEV) shall have an echo-back-time-point (EBTP) of At-X (or I-A-EBTP of At-X; or echo-back-date (EBD) I-A-EBD of At-X): t often displayed on a chart measured and referenced in discrete d measurement length units (often OHLC or candlestick widthed and lengthed units[often bars or blocks]), such as 1-minute, 5-minute, 15-minute, 30-minute, hourly, 2-hour, 4-hour, 6-hour, 8-hour, daily, weekly, etc."

Significant "Non-Intraday Single-Exchange" EchoVector Time Period Lengths, or EchoVector Echo-Cycle Period lengths, occur as follows. (X is the time or cycle length of the EchoVector Period, the EP, the "XEV")


Asian Market Echo
European Market Echo
24-Hour Echo
2-Day Echo
3-Day Echo
Weekly Echo
Bi-Weekly Echo
Monthly Echo
Bi-Monthly Echo
Quarterly Echo
Bi-Quarterly Echo
3-Quarter Echo
Annual Echo
15-Month Echo
18-Month Echo
2-Year Congressional Cycle Echo
4-Year Presidential Cycle and mid-Regime Cycle Echo
5-Year FRB Cycle Echo
6-Year (Tri-Congressional Cycle) Echo
8-Year Regime Change Cycle Echo
10-Year Decennial Cycle Echo
16-Year Bi-Regime Change Cycle Echo (Nativity echo)
32-Year Quad-Regime Change Cycle Echo (Maturity Echo)

Shorter, Intra-day market EchoVectors are readily calculable, as well
are longer-term study echovectors.

Calculating the Coordinate Forecast EchoVector and The Coordinated
Potential Pivot Price Point and Coordinated Potential Pivot Time-point

Definition: The Coordinate Forecast EchoVector: (CFEV)

For any EV of X base length (time frame, or time length, or cycle
period), such as lengths intra-day, daily, 3-day, weekly, bi-weekly,
monthly, bi-monthly, quarterly, bi-quarterly, annual, bi-annual,
presidential cycle, or regime change cycle, (and with lengths measured
in incremental -often OHLC- units such as minutes, hours, days, weeks,
or, shorter or longer unit) constructed for security I from starting EV
reference point A with print price point p at time point t (Apt) and
EBTP or EBD A-Length X at print price p (t-X), Coordinate Forecast
EchoVectors (CFEVs) can be constructed having the same slope and lengths (phase adjusted) as XEV of A of I.

Coordinate Forecast EchoVectors and their starting points shall have the
following relationships to A of I and B of I, or EchoVector XEV-BA of I.

Base Construction Versions For the CFEV:
A. Time-Frame Distance Versions
B. Price Distance Versions
C. Model PreSet Value Distance Versions

Versions: 1,2,3,4,5,6

A. CFEV Starting Point Construction: Time-Frame Distance Based Versions

1. Absolute Time Distance Based (Within Select Range) From B, Selected
2. Percent X Time Distance Based (Within Select Range) From B, Selected

B. CFEV Starting Point Construction: Price Distant Based Versions

3. Absolute Price Distance Based (Within Select Focus Interest Range,
Extension) From B, Selected
4. Percent Price Distance Based (Within Select Range Focus Interest)
From B, Selected

C. PreSet Value Distance Based CFEV Starting Point Construction
Definitions*

5. PreSet Absolute Time Distance Based (Range Specified)
6. Preset Percent X Time Distance Based (Range Specified)

*The EchoVectoVEST MDPP Precision Pivots Forecast Model And Alert
Paradigm primarily utilizes specifically defined values of 5. and 6. above
in its CFEV Constellation Illustrations and Highlights for specified
focus interest opportunity securities and their projected forward focus
interest opportunity time-periods and price points. Example CFEV
constructions that follow will utilize these constructions unless noted
otherwise.

The CFEVs found relevant and proximate to BA on the basis of one of the 
above 6 relationships shall be called EchoVector XEV BA's CFEV
Constellation, Base 1, 2, 3, 4, 5, or 6.


ADDITIONAL CONTEXTING NOTES

COORDINATE FORECAST ECHOVECTOR PIVOT POINT NOTATION

The CFEV PPPs correlate to A, B, and O, and are referred to as Ps or PP's --pivot points or potential pivots (or PPPs --projected pivot points or potential pivot points or price pivot points), or flex points.

They are 'forecast-ed' and 'focus interest' coordinate to A, B and O support, resistance, or flex points, derived from the CFEV's found originating within Range C from the 'scope relevant' pivots occurring there.  These 'EchoVector and Coordinate Forecast EchoVectors-based Pivot Points' constitute trade position opportunitities, refererred to as Focus Interest Opportunity Points (or Pivots), FIOPs, or simply as OPs (opportunities or options) or POPs (potential opportunities or options) or PPPOPs (potential pivot point opportunities or options).

Projecting The SRV PPs Of A of I from B to A to EVBA to O to CFEV-OPP, (Given V {Version}, Range C, and EV-TimeLength X, XEV)

EV-TLX (EchoVector Time Length X, XEV)

V = Version N (Selected)
RC = Range C (Selected)

Forward PP (Derived from O occurring in Construction Version N Range C After B)

Back PP (Derived from O occurring in Construction Version N Range C Before B)

Up PP (Derived from O occurring in Construction Version N Range C Above B)

Down PP (Derived from O occurring in Construction Version N Range C Below B)

The FIOP CFEV price origins O will occur above or below the EBTP B.

As any CFEV origin, O, occurring within Range C, occurs above or below EBTP B, so therefore will the correlate PP of CFEV O-PP relating to XEV occur above or below A.

As all FIOP CFEV origin prices occur above and/or below B, all PPPs of CFEV POPP will correspondingly occur above and/or below A.

PPPs will be designated S1 S2 and S3 and R1 R2 and R3, as they occur in extension O, and depending on applied V and Range C and the resulting time distance and/or price distance given by V, and the directional pivots of record and  relative scale reference occuring subsequent to O (up-wave, down-wave, sideways, flex-point)

S = Support
R = Resistance

Definition: The Coordinate Forecast EchoVector: (CFEV)

For any EV of X base length (time frame, or time length, or cycle period), such as lengths intra-day, daily, 3-day, weekly, bi-weekly, monthly, bi-monthly, quarterly, b-quarterly, annual, bi-annual, presidential cycle, or regime change cycle, (and with lengths measured in incremental -often OHLC-  units such as minutes, hours, days, weeks, or, shorter or longer unit) constructed for security I from starting EV reference point A with print price point p at time point t (Apt) and EBTP or EBD A-Length X at print price p (t-X), Coordinate Forecast EchoVectors (CFEVs) can be constructed having the same slope and lengths (phase adjusted) as XEV of A of I.

Coordinate Forecast EchoVectors and their starting points shall have the
following relationships to A of I and B of I, or EchoVector XEV-BA of I.

Base Construction Versions For the CFEV:
A. Time-Frame Distance Versions
B. Price Distance Versions
C. Model Pre-set Value Distance Versions

Versions: 1,2,3,4,5,6

A. CFEV Starting Point Construction: Time-Frame Distance Based Versions
1. Absolute Time Distance Based (Within Select Range) From B, Select
2. Percent X Time Distance Based (Within Select Range) From B, Select

B. CFEV Starting Point Construction: Price Distant Based Versions
3. Absolute Price Distance Based (Within Select Focus Interest Range,
Extension) From B, Select
4. Percent Price Distance Based (Within Select Range Focus Interest)
From B, Select

C. Pre-set Value Distance Based CFEV Starting Point Construction
Definitions*
5. Pre-set Absolute Time Distance Based (Range Specified)
6. Pre-set Percent X Time Distance Based (Range Specified)

*The EchoVectoVEST MDPP Precision Pivots Forecast Model And Alert
Paradigm primarily utilizes specifically refined values of 5. and 6. above
in its CFEV Constellation Illustrations and Highlights for specified
focus interest opportunity securities and their projected forward focus
interest opportunity time-periods and price points. Example CFEV
constructions that follow will utilize these constructions unless noted
otherwise.

Defining, Calculating, Constructing and Generating the Coordinate
Forecast EchoVectors

SUMMARY NOTIONS

EBD is the Echo-BackDate

EBD-T is the Echo-BakeDateTime

EBTP is the Echo-Back-Time-Point with print price found to be p-N.

EBD-TI is the Echo-BackDateTimeIncrement, or EBDT-ITMU incremental time
measurement unit, or imu or mu, or d for designated unit (EBDT-MU, or
EBDT-U, or EBDT-d)

(EX.: minute, 5min, 15min, hourly, 2-hour, 4-hour, daily weekly,
monthly, etc.)

EBTP is also often referred to as the XEV EBPP, or the Echo-Back-Price-Point
of XEV

L is length of the Echo-Period (EP); or X, being the time-length and
cycle length of the EchoVector EV.  XEV or LEV

Primary Model Focus Interest EP or Echo-Period Lengths, or EchoVector
Time Frame or Cycle Time Period Lengths, X

AMEV                                       Asian Market Echo (t, open, lunchtime, close, etc.)
EMEV                                                     European Market Echo
24HEV                                                    1day, 24hour Echo
48HEV                                                    2day Echo
72HEV                                                    3day Echo
WEV                                                        weekly Echo
2WEV                                                      biweekly Echo
MEV                                                         monthly Echo
2MEV                                                       bimonthly Echo
QEV                                                         quarterly Echo
2QEV                                                       biquarterly Echo
3QEV                                                      3quarter Echo
AEV                                                         annual Echo
15MEV OR 5QEV, ETC                       15month Echo
6QEV ETC                                             18month Echo
2AEC OR CCEV 2year                         Congressional Cycle Echo
4AEV OR PCEV 4year                          Presidential Cycle and mid-Regime Cycle Echo
5AEV OR FRBEV 5year                        FRB Cycle Echo
6AEV OR 3CCEV 6year                        (Tri-Congressional Cycle) Echo
RCCEV OR 2PCEV OR 4CCEV ETC  8year Regime Change Cycle Echo

10year Decennial Cycle Echo
16year Bi-Regime Change Cycle Echo (Nascent Echo)
32year Quad-Regime Change Cycle Echo (Maturity Echo)

The Starting Date, time and price point of the EV: The Stp, or Apt, or
A, or SDTPP-A, or EV origin point O.

A is The Sdtp, the summation and reference origin date, time and price
point (Starting time and price point of reference for XEV BA).

The Sdtp is an actual' market price trade point print,' being an exchange
actual buy/sell trade occurrence 'print' posted as taking place at the
specific referenced time and price.

XEV BA is the "Echo" vector from ebtp (EchoBackTimePoint B) to sdtp
(Summation-Date-Time PricePoint).

A is considered as having 'echo characteristic relationship' in some
definable or designate-able form, manner, or degree a 'parameter
relationship contiguity,' to B, the EBTP, on some dimension.

The notion of 'similar' or 'contiguous' on some measure, parameter,
index, dimension, aspect or reference is implied and/or is axiomatic.
Likeness in quality, time, space, context, origin, or relation... to
some degree or measure is axiomatic to the methodology.

FIO EV: focus interest opportunity echovector

The FIOP (focus or forecast interest opportunity point (or period, or pivot).  It is derived from the S-dtp, that is, from A.

From the constellation of 'scope relative' prior and following pivot point highs and lows occurring within Range C (elect Version 1 to 6), the applied CFEV Constellation Range, the CFEV or PPV EBTP origins are derived.

In some citations Delta EV BA is "delta'd" to EchoVector EV AB and is referenced to have A as the echovector time and price point 'antecedent,' (the echo-back-date and/or echo-back-time-point and/or echo-back-date-time-point) and B as XEV's Construction beginning or starting price and time point reference, or starting dtpS, B; that is, as the EchoVector's starting price and starting time point of reference, being the EV's origin.

Also definition-ally derived from XEV AB are the CFEVs, the Coordinate Forecast EchoVectors, also having EchoVector AB length X and  EchoVector AB slope m (for momentum, or slope w for wave), and having Echo-Back-Date-Time-And-Price-Point A as the "CFEV Constellation Base Point," or "Origin," from which the Key Immediate Coordinate Forecast EchoVectors, the Focus Interest Opportunity PPVs (Potential Pivot Vectors), or SRV Constellation (Support/Resistance, or Flex-point Vector Constellation Projections) are, by specified relation (Versions 1 to 6), derived.

In EchoVector AB, A is the Echo-Back-Date-Time-And-Price-Point, and B is the starting reference, and the echovector 'originating' time and price point, or its 'origin.'

From the constellation of 'scope relative' prior and following pivot point highs and lows occurring within Range C (elect Version 1 to 6), the applied CFEV Constellation Range, the CFEV or PPV EBTP origins are derived.  These origins are referred to as O...  OSP1, OSP2, OSP3, ORP1, ORP2, ORP3, etc.

O IS FOR CFEV ORIGIN
S IS FOR SUPPORT
R FOR RESISTANCE
P FOR PIVOT OR FLEX POINT

These CFEV origins O are identified as the scope-relative wave point pivot price point highs and lows occurring before and after THE ECHOBACKDATETIMEANDPRICEPOINT B in XEV BA occurring within Range C (Range C is, again, specified by specific time length distance backward and forward from B by percentage of X from B, or by (within)
absolute time-length distance from B, or by (within) percent of B price distance from B, or by (within) absolute price length distance (N) from B; or by percent N from B, or by stochastically-related 'Modeling process determined' (and then preset in distance --absolute or percent-- from B designated; B being the EBDTPP of A.

These Range C subsumed wave point pivot highs and lows constitute the CFEV Focus Interest Origin Points (FIOPs O), from which the relative CFEV are derived, and from which the Focus Interest Opportunity SRV PP Constellation Set is derived (FIOP PPPs).
These CFEV origin points, O's, relate to the EBTP of A, being B, and to (occuring within) the Base Construction Version and Range C of the CFEV, and the Range and Version's mathematical definition.

From these CFEV origin points (correlated to B by V), and from EV-AB attributes, being of the samelength and slope, the CFEVs are derived, as are the CFEV PPPs, the FIOP PPs.

ADDITIONAL COORDINATE FORECAST ECHOVECTOR GENERATED ECHOVECTOR PIVOT POINT NOTATION

The CFEV PPPs correlate to A, B, and O, and are referred to as Ps or PP's
--pivot points or potential pivots (or PPPs --projected pivot points or
potential pivot points), or flex points.

They are 'forecast-ed' and 'focus interest' coordinate to A, B and O
support, resistance, or flex points, derived from the CFEV's found
originating within Range C from the 'scope relevant' pivots occuring
there.  These EchoVector and their coordinate forecast EchoVector based
Pivot Points constitute trade position opportunities, referred to as
Focus Interest Opportunity Points (or Pivots), FIOPs, or simply as OPs
(opportunities or options) or POPs (potential opportunities or options).

Projecting The SRV PPs Of A of I from A to B to EVAB to O to CFEV-OPP,
(Given V, Range C, and EVTLX, XEV)

EVTL (EchoVector Time Length X)

Forward PP (Derived from O occurring in Range C After B).
Back PP (Derived from O occurring in Range C Before B)
Up PP (Derived from O occurring in Range C Above B)
Down PP (Derived from O occurring in Range C Below B)

The FIOP CFEV price origins O will occur above or below the EBTP B.

As any CFEV origin, O, occurring within Range C, occurs above or below
EBTP B, so therefore will the correlate PP of CFEV OPP occur above or
below A.

As all FIOP CFEV origin prices occur above and/or below B, all PPPs of
CFEV POPP will correspondingly occur above and/or below A.

PPPs will be designated S1 S2 and S3 and R1 R2 and R3, as they occur in
proximity to O, B, and A, depending on applied V and Range C specifications, and the resulting time distance and/or price distance given by V (Version), and the directional pivots of O (up-wave, down-wave, sideways flex-point)

COPYRIGHT 2013 ECHOVECTORVEST

TRADEMARK 2013 ECHOVECTORVEST

Also See "EchoVector Analysis: Topics In EchoVector Analysis"   COPYRIGHT 2013 ECHOVECTORVEST




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