| Pivot = (
High + Close + Low ) / 3 |
|
| Resistance1
= 2 * Pivot - Low |
normal
trading range |
| Support1 =
2 * Pivot - High |
for the
next period |
| Resistance2
= Pivot + (Resistance1 -
Support1) |
extreme
trading range |
| Support2 =
Pivot - (Resistance1 -
Support1) |
|
| Resistance3
= High + 2*(Pivot - Low) |
|
| Support3 =
Low - 2*(High - Pivot) |
|