| 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) |
|