Formula to calculate Pivot points

Pivot points are very important levels and in most of the cases market respect these levels.

P = Pivot Point

H = High (Previous Day)

L = Low (Previous Day)

C = Close (Previous Day)

Pivot Point (P) = (H + L + C) / 3

Resistance 1 (R1) = (P x 2) - L

Resistance 2 (R2) = P + (H - L)

Resistance 3 (R3) = 2 x P + (H - 2 x L)

Support 1 (S1) = (P x 2) - H

Support 2 (S2) = P - (H - L)

Support 3 (S3) = 2 x P + (L - 2 x H)

Pivot points are very important levels and in most of the cases market respect these levels.

__Formula to calculate Pivot Points__P = Pivot Point

H = High (Previous Day)

L = Low (Previous Day)

C = Close (Previous Day)

Pivot Point (P) = (H + L + C) / 3

Resistance 1 (R1) = (P x 2) - L

Resistance 2 (R2) = P + (H - L)

Resistance 3 (R3) = 2 x P + (H - 2 x L)

Support 1 (S1) = (P x 2) - H

Support 2 (S2) = P - (H - L)

Support 3 (S3) = 2 x P + (L - 2 x H)