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General Forex Discussion
Pivot Points - Support - Resistance
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[QUOTE="Maverick, post: 102373, member: 30549"] [ATTACH=full]7495[/ATTACH] [SIZE=5]Resistance Level 1 = (2 * Pivot Point) - Previous Low Support Level 1 = (2 * Pivot Point) - Previous High Resistance Level 2 = (Pivot Point - Support Level 1) + Resistance Level 1 Support Level 2 = Pivot Point - (Resistance Level 1 - Support Level 1) Resistance Level 3 = (Pivot Point - Support Level 2) + Resistance Level 2 Support Level 3 = Pivot Point - (Resistance Level 2 - Support Level 2)[/SIZE] [SIZE=5][SIZE=4]These are the figures taken from Yahoo finance for [B][SIZE=5]Monday 17th May 2016[/SIZE][/B][/SIZE][/SIZE] [SIZE=5][SIZE=4][ATTACH=full]7500[/ATTACH] [/SIZE][/SIZE] [SIZE=2][URL]http://www.livecharts.co.uk/Members/display_forex_pivots.php[/URL][/SIZE] [SIZE=5][SIZE=4][/SIZE][/SIZE] [LIST] [*][SIZE=5][SIZE=4]If the above are the recognised formula for the calculations why can't I find an indicator that agrees ?[/SIZE][/SIZE] [/LIST] [LIST] [*]Are Standard Pivots the pivots of choice for the majority ? [/LIST] [LIST] [*]Fibonacci pivot point, anybody use ? [/LIST] [LIST] [*]Camarilla pivot point, anybody use ? [/LIST] [LIST] [*]Woodie's pivot point, anybody use ? [/LIST] [LIST] [*]DeMark's pivot, anybody use ? [/LIST] [COLOR=#ffffff].[/COLOR] [/QUOTE]
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