DislikedHi Every One
I have found the attached equations for Tom DeMark Pivot Point System, I correctly have no idea if I understand them correctly or not!!!(cry2)Ignored
Basically how the previous day closes detemines how the calculation of pivot is done
If close is greater than previous close then pivot equals
(2 x high + low + close) / 4
If close is less than previous close then pivot equals
(2 x low + high + close) / 4
If close equals previous close then pivot equals
(2 x close + high + low) / 4
Or in other words how the market closes determines which price HLC will be given more weight in the calculation.
S1/S2/S3 and R1/R2/R3 are calculated as per standard way that most others are.
HTH