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pivot points efs help

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  • pivot points efs help

    can anybody give me the formula for to plot monthly and weekly pivots. for example if you were to take the previous bar from the weekly chart you can do the whole h+l+c/3 and other formulas for that week.

  • #2
    As far as I know, the calculations remain the same:

    Pivot = (H+L+C)/3;
    MidPoint = (H+L)/2;
    Waist = (O+C)/2;
    R1 = (2 * Pivot - L);
    S1 = (2 * Pivot - H);
    R2 = (Pivot - S1) + R1;
    S2 = Pivot - (R1 - S1);
    R3 = R2 + (H-L);
    S3 = S2 - (H-L);

    Chris

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