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06/17/2013
Latest version of TraderCode(v5.6) includes new Technical Analysis indicators, Point-and-Figure Charting and Strategy Backtesting.



06/17/2013
Latest version of NeuralCode(v1.3) for
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06/17/2013
ConnectCode Barcode Font Pack - enables barcodes in office applications and includes an add-in for Excel that supports mass generation of barcodes.



06/17/2013
InvestmentCode, a comprehensive suite of
Financial calculators and models for Excel is now available.



09/01/2009
Launch of
Free Investment and Financial Calculator for Excel.



02/1/2008
Release of
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12/15/2007
Announcing
ConnectCode Duplicate Remover - a powerful add-in for finding and removing duplicates entries in Excel



09/08/2007
Launch of
TinyGraphs - open source add-in for creating sparklines and tiny charts in Excel.


Pivot Point

The Pivot Point is calculated simply by taking the average of the High, Low and Closing Price of a particular stock of the current period (a day, a week, a month, a quarter etc). It is also used to compute the Resistance (R1, R2, R3) and Support (S1, S2, S3) levels of the particular stock and are usually plotted alongside them.


Pivot = (High + Low + Closing Price) / 3

The Pivot Point and its associated Resistance and Support levels are used for prediction. They are the representative values where many traders base their buying or selling decisions for the next period. (For example, the Pivot Points computed from the current day will predict the prices and resistance / support levels for the next day).

Resistance Levels

The Resistance Levels (R1, R2, R3) are derived from the Pivot Point, and High and Low values of the current period (of the current day, week, month, quarter etc). They represent the resistance levels where the price of the stock is unlikely to exceed (in the next day, week, month, quarter etc) when it increases.

They are calculated using the formulas

Resistance 1 = 2 * Pivot Low
Resistance 2 = Pivot + (High - Low)
Resistance 3 = High + 2 * (Pivot - Low)

When the price of the stock increases and is near a resistance level, many traders watching the level will normally react to it and sell the stock, thus creating a 'resistance' that prevents the price from going higher. In the (unlikely) event that the resistance level is broken, it is then expected that the price will further increase, and the resistance level will turn into a support level.

Support Levels

The Support Levels (S1, S2, S3) are derived from the Pivot Point, and High and Low values of the current period (current day, week, month, quarter etc). They represent the support levels that the price of the stock is unlikely to fall below (in the next day, week, month, quarter etc) when it decreases. They are calculated using the formula

They are calculated using the formulas

Support 1 = 2 * Pivot High
Support 2 = Pivot - (High - Low)
Support 3 = Low - 2 * (High - Pivot)

When the price of the stock decreases and is near a support level, many traders watching the level will normally react to it and buy the stock, thus creating a 'support' that prevents the price from going lower. In the (unlikely) event that the support level is breached, it is expected that the price will further decrease, and the support level will turn into a resistance level.

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