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A Pivot Point Calculator is used to calculate the floor pivots that were traditionally used by pit traders and now watched by almost all electronic and day traders.
Last edited by Carlos : 07-09-2008 at 01:35 PM.
Reason: enhancing
For the Proyect.-Classic Pivot Points -
07-09-2008, 01:25 PM
The formula used in the calculation of Classic Pivot Points are:
R4 = R3 + RANGE (same as: PP + RANGE * 3)
R3 = R2 + RANGE (same as: PP + RANGE * 2)
R2 = PP + RANGE
R1 = (2 * PP) - LOW
PP = (HIGH + LOW + CLOSE) / 3
S1 = (2 * PP) - HIGH
S2 = PP - RANGE
S3 = S2 - RANGE (same as: PP - RANGE * 2)
S4 = S3 - RANGE (same as: PP - RANGE * 3)
Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot Point, S1 through S4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily).
Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot Point, S1 through S4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily).
Last edited by Carlos : 07-09-2008 at 01:37 PM.
Reason: Adding
For The Proyect.-Camarilla Pivot Points -
07-09-2008, 01:30 PM
The formula used in the calculation of Camarilla Pivot Points are:
R4 = C + RANGE * 1.1/2
R3 = C + RANGE * 1.1/4
R2 = C + RANGE * 1.1/6
R1 = C + RANGE * 1.1/12
PP = (HIGH + LOW + CLOSE) / 3
S1 = C - RANGE * 1.1/12
S2 = C - RANGE * 1.1/6
S3 = C - RANGE * 1.1/4
S4 = C - RANGE * 1.1/2
Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot Point, S1 through S4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily).
For The Proyect.- DeMark Pivot Points -
07-09-2008, 01:31 PM
DeMark Pivot Points
The formula 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.
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For the Proyect.- Pivot -
07-09-2008, 01:14 PM
Linear Mode
