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Jun 16, 2021 4:14 PM

information idea : famous pivots calculation  Education

RELIANCE INDSNSE

Description

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
Comments
VPSINGH
M ????
Ansershiek
what is "M" in opening range pivot point?
pjchinu458
Very good information
DhavalSuthar
aapki ek you tube channel honi chahiye
DhavalSuthar
superb
Lala1998
please tell how to use cpr in trading view
sandeep2909
@Lala1998, search for CPR in the indicators, there are custom built options made by many users. Pick whichever suits you
VPSINGH
EXCELLENT INFORMATION
Kedy_B
What is the "M" here In opening range Pivot Calculations.

Thanks for sharing this info !
rajasekharsr
Super and more informative
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