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Pivot Point Formulas
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05-25-2007, 03:03 PM
cooter
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Re: Pivot Point Formulas
Quote:
Soultrader
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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