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Finance::GeniusTrader::Indicators::PP

Overview

Pivot Points and Daily Support and Resistance.

Calculation

The calculation for the new day are calculated from the High (H), low (L) and close (C) of the previous day. Pivot point = P = (H + L + C)/3 First area of resistance = R1 = 2P - L First area of support = S1 = 2P - H Second area of resistance = R2 = (P -S1) + R1 Second area of support = S2 = P - (R1 - S1)

http://www.sixer.com/y/s/education/tutorial/edpage.cfm?f=pivots.cfm&OB=indicators http://www.tradertalk.com/tutorial/Pivpt.html

Finance::GeniusTrader::Indicators::PP::calculate($calc, $day)