Syntax
public PivotLevels(Bars bars, PivotType type, string description)
public static PivotLevels Series(Bars bars, PivotType type)
public enum PivotType { Pivot, R1, R2, R3, S1, S2, S3 }
Parameter Description
| bars | The source Bars object |
| type | Pivot point type: Pivot, R1, R2, R3, S1, S2, S3 |
Description
Part of Commnuity Indicators. The PivotLevels indicator plots selected floor trader's pivot line. When applied to Intraday data, scales it to Daily first. On Daily, works as usual.
Calculation
R3 = R1 + (High – Low)
R2 = Pivot + (High – Low)
R1 = 2 × Pivot – Low
Pivot = (High + Low + Close)/3
S1 = 2 × Pivot – High
S2 = Pivot – (High – Low)
S3 = S1 – (High – Low)
Example
No example will be provided.