Support Board
Date/Time: Tue, 26 Nov 2024 14:33:28 +0000
Daily Pivot, S1, S2 S3 and R1, R2, R3
View Count: 398
| [2023-12-02 10:03:54] |
| User38606 - Posts: 106 |
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Hi, I am looking for a study that would show daily Pivot as well as S1, S2, S3 (support) and R1, R2, R2 (resistance) levels on a chart. I found the Pivot Study among Sierra Charts Studies - but I did not find any Support & Resistance level studies. These are basically levels calculated and plotted on chart as follows: Do we have similar on Sierra? Daily pivots are calculated as the average of the previous day’s high(H), low(L) and close(C). Support (S1,S2,S3) points and resistance (R1,R2,R3) points are calculated according to the following formulae: R3 = PP+2*(H-L) R2 = PP+(H-L) = PP+R1–S1 R1 = 2*PP–L Central pivot = PP = (H+L+C)/3 S1 = 2*PP–H S2 = PP–(H-L) = PP+S1–R1 S3 = PP–2*(H-L) |
| [2023-12-04 15:27:19] |
| John - SC Support - Posts: 36286 |
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The Support and Resistance levels are part of the Pivot Points study. You may have to set some of the levels to display as not all of them are set to show by default. You would show them by changing the Subgraph Draw Style to "Line". Refer to the following: Chart Studies: Line (ACSIL: DRAWSTYLE_LINE) The Pivot Points study has multiple formulas that can be selected from to calculate the lines. The list of formulas is at the following link: Pivot Points: Formula Types The selection is controlled by the Input for Formula Type: Pivot Points: Formula Type For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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