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Re: Pivot Point



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A somewhat simpler formulation of R2 and S2 is:

Second resistance: Pivot + (H - L) 
Second support: Pivot - (H - L)

Regards, Jim Byrd


--- In amibroker@xxxx, Tiziano Fogliata <fogliata@xxxx> wrote:
> I'm sorry. There's a typo:
> 
> I wrote:
> 
> >S2 = (P - (R2 - S1));
> 
> The correct formula is:
> 
> S2 = (P - (R1 - S1));
> 
> Best regards,
> Tiziano.