Jump to content
Medved Trader Forums
• 0

# DEMARK PIVOT POINT

## Question

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 - 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

Edited by mca12345

## Recommended Posts

• 0

Will be in next beta.

## Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Answer this question...

×   Pasted as rich text.   Paste as plain text instead

Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
×
• Create New...