After reading
Mark Fishers book it created an interest in me to fiddle around with modified pivots and similar concepts. I will post some of the easier to find formulas right here.
PIVOT POINT:
1. (H+L+C) /3
2. (H+L+O) /3
3. (H+L+C+O) /4
PIVOT RANGE:
Daily Pivot Number: H+L+C/3
Second Number: H+L/2
Daily Pivot Differential: Difference between daily pivot number and second number
Daily Pivot Range: Daily Pivot number plus or minus the daily pivot differential.
R1:
1. 2 X PP-L
R2:
1. PP+ range
R3:
1. H + 2x (PP-L)
2. PP+ range x 2
R4:
1. PP+ range x 3
S1:
1. 2 X PP-H
S2:
1. PP - range
S3:
1. L-2 x (H-PP)
2. PP - range x 2
S4:
1. PP - range x 3