https://www.tradeviewforex.com/room/pivots-calculators/standard
Pivot Point = ( H + L + C ) / 3.
Resistance and Support Levels
Supports
- S1 = ( 2 x Pivot ) - H
- S2 = Pivot - ( H - L )
- S3 = L - 2( H - Pivot )
Resistances
- R1 = ( 2 x Pivot ) - L
- R2 = Pivot + ( H - L )
- R3 = H + 2( Pivot - L )
formulas means
- H = Previous day's high.
- L = Previous day's low.
- C = Previous day's closing price.
- S1 = First level of support.
- S2 = Second level of support.
- S3 = Third level of support.
- R1 = First level of resistance.
- R2 = Second level of resistance.
- R3 = Third level of resistance.
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