Hello
I found these pivot formula on the net and I'm not sure about them. Result is not good
It look that there is many formula for the pivot.
Any idea if these one are good for Forex?
Other one in use?
Martin
I found these pivot formula on the net and I'm not sure about them. Result is not good
QuoteDisliked
Central Pivot Point : ( High + Low + Close ) / 3
S1: (Central Pivot Point x 2) minus the High
S2: Central Pivot Point minus (R1 minus S1)
R1: (Central Pivot Point x 2) minus the Low
R2: (Central Pivot Point minus S1) plus R1
Once these levels are calculated it is then easy to put the M levels in your pivot point calculator.
M1: S1 minus S2 divided by 2
M2: Central Pivot Point minus S1 divided by 2
M3: R1 minus Central Pivot Point divided by 2
M4: R2 minus R1 divided by 2
Article Source: http://EzineArticles.com/556188
It look that there is many formula for the pivot.
Any idea if these one are good for Forex?
Other one in use?
Martin
