How to Calculate Pivot Points
There are several different methods for calculating pivot points, the most common of which is the five-point system. This system uses the previous day's high, low and close, along with two support levels and two resistance levels (totaling five price points) to derive a pivot point. The equations are as follows:
R2 = P + (H - L) = P + (R1 - S1)
R1 = (P x 2) - L
P = (H + L + C) / 3
S1 = (P x 2) - H
S2 = P - (H - L) = P - (R1 - S1)
Here, "S" represents the support levels, "R" the resistance levels and "P" the pivot point. High, low and close are represented by the "H", "L" and "C" respectively. (Note that the high, low and close in 24-hour markets [such as forex] are often calculated using New York closing time [4:00 p.m. EST] on a 24-hour cycle. Limited markets [such as the NYSE] simply use the high, low and close from the day's standard trading hours.)
之外还有:
Another common variation of the five-point system is the inclusion of the opening price in the formula:
P = ((Today's O) + Yesterday's (H + L + C)) / 4
Here, the opening price, "O", is added to the equation. Note that the opening price for foreign exchange markets is simply the last period's closing price. The supports and resistances can then be calculated in the same manner as the five-point system, except with the use of the modified pivot point.
Yet another pivot point system was developed by Tom DeMark, a famous technical analyst and president of Market Studies, Inc. This system uses the following rules:
As you can see, there are many different pivot-point systems available. Some popular ones include as many as nine different price levels; meanwhile, others predict only one pivot point, and no additional levels of support or resistance.
原帖由 grunge 于 2005-12-30 12:28 发表
As you can see, there are many different pivot-point systems available. Some popular ones include as many as nine different price levels; meanwhile, others predict only one pivot point, and no addi ...
原帖由 grunge 于 2005-12-30 12:28 发表
As you can see, there are many different pivot-point systems available. Some popular ones include as many as nine different price levels; meanwhile, others predict only one pivot point, and no addi ...
P = ((Today's O) + Yesterday's (H + L + C)) / 4
Here, the opening price, "O", is added to the equation. Note that the opening price for foreign exchange markets is simply the last period's closing price. The supports and resistances can then be calculated in the same manner as the five-point system, except with the use of the modified pivot point.
这个好象没有现成的,用得比较少.说的是即时的 PIVOT,
" simply the last period's closing price" ,不知道可否用于小时图和 15分钟图