The document outlines formulas for calculating pivot points using different methods: standard, Fibonacci, Camarilla, Woodie's, and Demark. Pivot points are technical analysis indicators used to identify potential support and resistance levels by calculating the average price of a security over a given period. The formulas provided use the high, low, and close prices from the previous period to determine the pivot point and associated support and resistance levels.
The document outlines formulas for calculating pivot points using different methods: standard, Fibonacci, Camarilla, Woodie's, and Demark. Pivot points are technical analysis indicators used to identify potential support and resistance levels by calculating the average price of a security over a given period. The formulas provided use the high, low, and close prices from the previous period to determine the pivot point and associated support and resistance levels.
The document outlines formulas for calculating pivot points using different methods: standard, Fibonacci, Camarilla, Woodie's, and Demark. Pivot points are technical analysis indicators used to identify potential support and resistance levels by calculating the average price of a security over a given period. The formulas provided use the high, low, and close prices from the previous period to determine the pivot point and associated support and resistance levels.