Pivot Points

Pivots Points are significant levels chartists can use to determine directional movement and potential support/resistance levels. A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period.

Standard Pivot Points Formulas

R3 = H + 2( Pivot – L

R2 = Pivot + ( H – L )

R1 = ( 2 x Pivot ) – L

Pivot = ( H + L + C ) / 3

S1 = ( 2 x Pivot ) – H

S2 = Pivot – ( H – L )

S3 = L – 2( H – Pivot )