Search Results for: Calculating machine
support and resistance. while analyzing the chart, we can see multiple price interactions with these levels. also, one of the advantages of the pivot indicator is its popularity, as the more traders use the same tool, the more likely the price will interact with it. draw methods and formulas for calculating
levels, high (h), low (l) and close (c) data for the previous period are used, usually, it is a day, week, month or hour. while calculating pivots the concept of range (r) is also used. its value is determined by the formula: h – l. pp – pivot point; s -s – support levels; r -r – resistance levels....
https://fxssi.com/pivot-points-all-in-one