Dynamic Pivot Points and Support–Resistance Levels

Summary

This document gives formulas for a pivot point and three support and resistance levels. The central pivot is calculated from the high, low, and close. The first support and resistance levels reflect the pivot relative to the period’s high and low; the second and third levels extend the same range-based framework outward. Traders can use these calculated levels as reference points when examining potential support, resistance, or price movement across the listed timeframes.

The document lists timeframes from the current period through monthly data, while noting that quarterly and semester intervals were removed as buggy. It provides no worked example, trading rules, performance evidence, or guidance on selecting a timeframe. The formulas therefore describe an indicator calculation, not a tested standalone strategy. The document also does not specify how “current” data are defined or how the levels should be interpreted when prices move through them.

Key ideas

• The pivot point is the average of the period’s high, close, and low.
• The first support and resistance levels use the pivot and the period’s high or low.
• The second and third levels extend the range-based support and resistance calculations.
• The listed timeframes range from minute intervals to monthly data, with longer intervals marked as removed due to bugs.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.