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MV Dialy Pivot

Simple and useful indicator. Pivot Points are used to project potential support and resistance levels. The main time periods used are daily, weekly, and monthly pivots. The formula for the daily pivot point is shown below:

Pivot Point

  • P=(LastClose+LastHigh+LastLow)/3;

Support Levels

  • S1=2*P-LastHigh;
  • S2=P-(LastHigh-LastLow);
  • S3=(2*P)-((2*LastHigh)-LastLow);

Resistance Levels

  • R1=2*P-LastLow;
  • R2=P+(LastHigh-LastLow);
  • R3=(2*P)+(LastHigh-(2*LastLow));
keep-it-simple
42
2015.08.03 21:35 
 

good

Valeriy Dubynchuk
559
2015.04.07 20:30 
 

советую. отличная штука

Version 1.2 - 2015.04.28
Calculate pivot point for next day
Version 1.1 - 2015.01.09
You can change the pivot lines' style in this version.