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Formula Used:
-------------PP = (H + C + L) / 3
R3 = H + 2 ( Pivot - L )
R2 = Pivot + ( R1 - S1 )
R1 = 2 Pivot - L
S1 = 2 Pivot - H
S2 = Pivot - ( R1 - S1 )
S3 = L - 2 ( H - Pivot )
Classic Formulas:
------------------Pivot = ( H + C + L ) / 3
R1 = 2 * Pivot - L - Normal Trading Range
S1 = 2 * Pivot - H - For The Next Period
R2 = Pivot + (R1 - S1) - Extreme Trading Range
S2 = Pivot - (R1 - S1)
R3 = H + 2*(Pivot - Low)
S3 = L - 2*(H - Pivot)
M5
M4
M3
M2
M1
M0
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=
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(R2+R3)/2
(R1+R2)/2
(P+R1)/2
(P+S1)/2
(S1+S2)/2
(S2+S3)/2