Re: [RT] Classic Pivot Point calculations of S4, S5, etc.

["Ed Larson" <edwardlarson@xxxxxxxxx>]

Ira:
 
What I was looking for was calculation of "extended" 
support/resistance levels.  I discussed this with someone on the list a few 
years back, and he indicated that you could extend the calculations out to 
Levels 4, 5, etc.
 
Any ideas if this is possible?
 
Ed
 
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Ira Tunik 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, May 15, 2002 1:35 
  PM
  Subject: Re: [RT] Classic Pivot Point 
  calculations of S4, S5, etc.
  I think this is what you are looking for.  If not let me 
  know. Ira.   
  Support and Resistance Calculations The three marked points are added 
  together and then divided by 3 to obtain an average price.  The high and 
  low points are subtracted to obtain a range.  The following lines are 
  drawn in addition to the High, Low, and Midpoint lines. 
  3R 3rd HighResistance=High+Range 2R 2nd HighResistance=Average+Range 
  1R 1st HighResistance=(2xAverage)-Low H Yesterday's High M Current 
  Midpoint Line L Yesterday's Low 1S 1st LowSupport=(2xAverage)-High 
  2S 2nd LowSupport=Average-Range 3S 3rd 
  LowSupport=(2xAverage)-High-Range     
  Ed Larson wrote: 
  
    
    RT's: Can anyone remember how to 
    calculate S4, S5, R4, R5 in the classic pivot point support/resistance 
    calculations? I have Resistance level 3 calculated 
    as (Pivot Point - Support 1) + Resistance 2, and Support 3 calculated as 
    Pivot Point - (Resistance 2 - Support 1). Thanks 
    for any help. Ed  
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