mca12345 Posted March 19, 2019 Report Share Posted March 19, 2019 (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, 2019 by mca12345 Quote Link to comment Share on other sites More sharing options...
0 Mike Medved Posted March 19, 2019 Report Share Posted March 19, 2019 Will be in next beta. 1 Quote Link to comment Share on other sites More sharing options...
Question
mca12345
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
Edited by mca12345Link to comment
Share on other sites
1 answer to this question
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.