mca12345 0 Report post Posted March 19 (edited) Hello, it is possible to add to the demarks pivot formula the central pivot? The value of X in the formula below depends on where the Close of the market is. If Close < Open then X = (H + (L * 2) + C) If Close > Open then X = ((H * 2) + L + C) If Close = Open then X = (H + L + (C * 2)) R1 = X / 2 - LPP = X / 4 (this is not an official DeMark number but merely a reference point based on the calculation of X) S1 = X / 2 - H Where R1 is the upper Resistance level, PP is the Pivot Point, S1 is the lower support level. thanks Mariano Edited March 19 by mca12345 Quote Share this post Link to post Share on other sites
0 Mike Medved 65 Report post Posted March 19 Will be in next beta. 1 Quote Share this post Link to post Share on other sites
Hello, it is possible to add to the demarks pivot formula the central pivot?
If Close < Open then X = (H + (L * 2) + C)
If Close > Open then X = ((H * 2) + L + C)
If Close = Open then X = (H + L + (C * 2))
R1 = X / 2 - L
PP = X / 4 (this is not an official DeMark number but merely a reference point based on the calculation of X)
S1 = X / 2 - H
Where R1 is the upper Resistance level, PP is the Pivot Point, S1 is the lower support level.
thanks
Mariano
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