Where are you getting the formulae for DeMarl's Pivots?
I clipped the following from Investopia: http://www.investopedia.com/articles...all=1&viewed=1
I clipped the following from Investopia: http://www.investopedia.com/articles...all=1&viewed=1
DislikedEven though it wasn't very early this morning when I posted, I must have been sleep-typing. Here is what I use:
Pivot = ((2*H ) + L + C ) / 4 for close greater than open
((2*L ) + H + C ) / 4 for close less than open
((2*C ) + H + L ) / 4 for close unchanged
R1 = 2*Pivot - Previous day Low
R2 = Pivot + Previous day Range {H-L}
R3 = R1 + Previous Day Range
S1 = 2*Pivot - Previous day high
S2 = Pivot - Previous day Range
S3 = S1 - Previous day Range
As an example for GU Monday the numbers would be:
R3 - 2.0372
R2 - 2.0293
R1...Ignored
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