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Thread: Formula for calculating pivot Support and resitance

  1. #1
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    Default Formula for calculating pivot Support and resitance

    simple formula for Calculation

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

    Resistance (R1) = (2 X P) - L

    R2 = P + H - L

    R3 = H + 2 X (P - L)

    Support (S1) = (2 X P) - H

    S2 = P - H + L

    S3 = L - 2 X (H - P)


    -----------------------------
    H - High
    L- low
    C - close
    -------------------------------
    HLC value From previous Candle stick ( hour or 4H charts )
    sorry for my bad english

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    Default

    It seems like it would work.

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    Default

    nice!!
    but there is some caculators that do such calculation
    and here in the forum the admin put the support and resistance point every day
    any way thanks for your work

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