Pivot calcule


SUBMITTED BY: startlife

DATE: Oct. 9, 2016, 1:31 p.m.

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  1. Le pivot point eat in outil de calcule trs precis et trees important Dan's le trading voila son Principe de calcule
  2. = Previous day’s high price
  3. L = Previous day’s low price
  4. O = Current day’s opening price
  5. The formula for the pivot point is:
  6. PP = (H + L + (O * 2)) / 4
  7. Support and resistance levels are then calculated. The first support and resistance levels are calculated using the difference between the pivot point and the previous day’s high and low prices:
  8. R1 = (2 * PP) - L
  9. S1 = (2 * PP) - H
  10. The second support and resistance levels are based on the width of the trading range (high - low) and are calculated as:
  11. R2 = PP + (H - L)
  12. S2 = PP - (H - L)
  13. The third support and resistance levels are calculated as:
  14. R3 = H + 2 * (PP - L)
  15. S3 = L - 2 * (H - PP)

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