# Chapter 15, Part III. Other ways of Pivots calculation. Page 5

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 21, 2013.

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1. ### Sive Morten Special Consultant to the FPA

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DeMark Pivot Points

So, here is the last way of Pivots calculation – personal way of Mr. Tom DeMark:

The formulas used in the calculation of the Tom DeMark "Pivot Points" are:

The value of X in the formula below depends on where the Close of the market is.

If Close < Open then X = (H + (L * 2) + C)

If Close > Open then X = ((H * 2) + L + C)

If Close = Open then X = (H + L + (C * 2))

R1 = X / 2 – L

PP = X / 4 (this is not an official DeMark number but merely a reference point based on the calculation of X)

S1 = X / 2 - H

Where R1 is the upper Resistance level, PP is the Pivot Point, S1 is the lower support level.​

Well, this type is very specific – further to our conversation what type is better. Possibly they will be useful for you, particularly because they are specific and hardly spread enough amongst the traders, although Tom DeMark book “Technical analysis – New science” is a bestseller and there he spoke about these levels.

P.S. This lesson was written by Sive Morten, who has been working for a large European Bank since April of 2000, and is currently a supervisor of the bank's risk assessment department. Sive's knowledge of forex market and banking industry is vast and quite complete. If you have any specific questions about forex, banking industry, or any other financial instruments, please post them on the next page and Sive should answer soon.

Note: FPA ranks are earned in the battles against scam, not in the classroom.