information idea : famous pivots calculation

Jun 16, 2021

Floor Pivot Calculations
Pivot Point (PP) = (H+L+C)/3
First resistance (Rl) = 2*PP –L
First Support (Sl) = 2*PP - H
Second Resistance (R2) = PP + (Rl-S 1)
Second Support (S2) = PP - (Rl-S 1)
Third Resistance (R3) = R1 + (H - L)
Third Support (S3) = S 1 - (H - L)
Where, H=High, L = Low, C = Close
Opening Range Pivot Calculations
Pivot Point (PP) = (H+L+C)M
First Resistance (Rl) = 2*PP -L
First Support (Sl) = 2*PP - H
Second Resistance (R2) = PP + (Rl-S1)
Second Support (S2) = PP - (Rl-S1)
Third Resistance (R3) = R1 + (H - L)
Third Support (S3) = S 1 - (H - L)
FibZone Pivots
Pivot Point (PP) = (H+L+C)/3
Daily Range (DR) = (H-L)
First Resistance (Rl) = PP + 0.5*DR
Second Resistance (R2) = PP + DR
First Support (Sl) = PP - 0.5*DR
Second Resistance (S2) = PP - DR
Resistance Band (RB 1) = PP + 0.61 8*DR
Support Band (SB 1) = PP - 0.6 18*DR
Resistance Band (RB2) = PP + 1.382*DR
Support Band (SB2) = PP - 1.382*DR