Support Board
Date/Time: Tue, 26 Nov 2024 14:48:56 +0000
Post From: Daily Pivot, S1, S2 S3 and R1, R2, R3
| [2023-12-02 10:03:54] |
| User38606 - Posts: 106 |
|
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) |