Registered User
Joined: 2/14/2011
Posts: 59
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What is the basis for Pivot Points as plotted by Worden
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Administration
Joined: 9/30/2004
Posts: 9,187
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The following formulas are used to calculate the pivot points:
R3 = High + 2 * (Pivot - Low)
R2 = Pivot + (High - Low)
R1= (2 * Pivot) - Low
Pivot = (High + Low + Close) /3
S1 = (2 * Pivot) - High
S2 = Pivot - (High - Low)
S3 = Low - 2 * (High - Pivot)
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