Calculating points

The popular pivot points include PP, and various "support" and "resistance" points based on PP. There are various ways to calculate PP, including the averaging of the High, Low, and Close (H, L, C) of the previous day's trading, or including the Open trading price in the average. Some popular examples[1] follow:

* R4 = PP + RANGE*3
* R3 = PP + RANGE*2
* R2 = PP + RANGE
* R1 = 2 * PP - L
* PP = (H+L+C) / 3
* S1 = 2 * PP - H
* S2: PP - RANGE
* S3: PP - RANGE*2
* S4: PP - RANGE*3

Or

Formula

PP = (H + L + C) / 3

then

* R1 = (2*PP) - L

* R2 = PP + (H - L)

* R3 = H + 2*(PP-L)


* S1 = (2*PP) - H

* S2 = PP - (H - L)

* S3 = L - 2*(H - PP)