Pivot Points

This is a discussion on Pivot Points within the Technical Analysis forums, part of the Methods category; PP = (High + Low + Close) / 3 ( high, low and close for previous day) 1st Res = ...

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Old Apr 4, 2002, 8:00pm   #1
 
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Pivot Points

PP = (High + Low + Close) / 3 ( high, low and close for previous day)
1st Res = 2*PP - Low
2nd Res = PP + (High - Low)
3rd Res = 2*PP + (High - 2*Low)
1st Sup = 2*PP - High
2nd Sup = PP - (High - Low)
3rd Sup = 2*PP - (2*High - Low)

Copied from AIQ BB, Michael Pahk
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