DislikedIt based on a pretty set formula, although there may be some alternative versions I'm sure.
Resistance Level 3 = R3 = R2 + YestHigh - YestLow
Resistance Level 2 = R2 = PP + YestHigh - YestLow
Resistance Level 1 = R1 = PP * 2 - YestLow
PivotPoint = PP = ( YestHigh + YestLow + YestClose ) / 3
Support Level 1 = S1 = PP * 2 - YestHigh
Support Level 2 = S2 = PP - YestHigh + YestLow
Support Level 3 = S3 = S2 - YestHigh + YestLow
I'm using a built-in indicator in Tradestation called "Floor Trader Pivots" You can do a Google search on "trade pivots" and find many resources.
http://www.investopedia.com/articles.../04/041404.aspIgnored
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