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Old 05-25-2007, 03:03 PM
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Re: Pivot Point Formulas

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Woodie Pivot Points

PP = (HIGH + LOW + CLOSE) / 3
Also, I'm not sure of your source for these pivots, but this one seems to have an error.

Woodie calculates the pivot point himself as:

PP = (HIGH + LOW + OPEN + OPEN) / 4 using OPEN = TODAY'S OPEN, and yesterday's HIGH and LOW
You can verify this at Woodies CCI Club .

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