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Classic Daily Pivot

Classic daily pivot auto shift GMT 0.

Pivot formula:

  • Pivot = (YHigh + YLow+ YClose)/3
  • R1 = Pivot*2 - YLow
  • R2 = Pivot+ YHigh - YLow
  • R3 = Pivot*2 + YHigh - YLow*2;
  • S1 = Pivot*2 - YHigh;  
  • S2 = Pivot - (YHigh - YLow);
  • S3 = Pivot*2 - (YHigh*2 - YLow)

R - Resistance, S - Support, YHigh - Yesterday High, YLow - Yesterday Low, YClose - Yesterday Close.

Maksym Mudrakov
9640
2016.08.31 07:27 
 

User didn't leave any comment to the rating

Alain Verleyen
30723
2014.08.22 22:39 
 

Your indicator is buggy.