Hi all, could you suggest a Pivot Point indicator using the following classic formula?
PP = (High + Close + Low) / 3
R3 = High + 2 * (PP – Low)
R2 = PP + (R1 – S1)
R1 = 2 * PP – Low
S1 = 2 * PP – High
S2 = PP – (R1 – S1)
S3 = Low – 2 * (High – Low)
I see many indicators with Fibo, Camarilla and other methods but I don't understand if they use the classic method.
Thank you
Alberto
PP = (High + Close + Low) / 3
R3 = High + 2 * (PP – Low)
R2 = PP + (R1 – S1)
R1 = 2 * PP – Low
S1 = 2 * PP – High
S2 = PP – (R1 – S1)
S3 = Low – 2 * (High – Low)
I see many indicators with Fibo, Camarilla and other methods but I don't understand if they use the classic method.
Thank you
Alberto