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How do you calculate pivot point?

Pivot Point Calculation. The calculation for a pivot point is shown below: Pivot point (PP) = (High + Low + Close) / 3. Support and resistance levels are then calculated off the pivot point like so: First level support and resistance: First resistance (R1) = (2 x PP) – Low.

How to calculate a pivot point?

How to Calculate Pivot Points After the market closes, or before it opens the next day, find the day's high and low, as well as the close from the most recent previous trading day. Sum the high, low, and close and then divide by three. Mark this price on the chart as P. Once P is known, calculate S1, S2, R1, and R2. ...

How to calculate and understand pivot points?

The central price level - the pivot point - is calculated as a function of the market's high, low, and close from the previous day (or period, more generally). These values are summed and divided by three. This is the same concept as the "typical price". Pivot Point = [High (previous) + Low (previous) + Close (previous)] / 3

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