What happened to BruceM ? : Hot Topic

# DeMark Pivot Points

Search Dictionary

## Definition of 'DeMark Pivot Points'

The formula used in the calculation of the Tom DeMark "Pivot Points" are:

The value of X in the formula below depends on where the Close of the market is.

If Close < Open then X = (H + (L * 2) + C)

If Close > Open then X = ((H * 2) + L + C)

If Close = Open then X = (H + L + (C * 2))

R1 = X / 2 - L

PP = X / 4 (this is not an official DeMark number but merely a reference point based on the calculation of X)

S1 = X / 2 - H

Where R1 is the upper Resistance level, PP is the Pivot Point, S1 is the lower support level.

The value of X in the formula below depends on where the Close of the market is.

If Close < Open then X = (H + (L * 2) + C)

If Close > Open then X = ((H * 2) + L + C)

If Close = Open then X = (H + L + (C * 2))

R1 = X / 2 - L

PP = X / 4 (this is not an official DeMark number but merely a reference point based on the calculation of X)

S1 = X / 2 - H

Where R1 is the upper Resistance level, PP is the Pivot Point, S1 is the lower support level.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.

Emini Day Trading /
Daily Notes /
Forecast /
Economic Events /
Trading Indicators /
Search /
Terms and Conditions /
Disclaimer /
Books /
Online Books /
Site Map /
Contact /
Privacy Policy /
Links /
About /
Day Trading Forum /
Investment Calculators /
Pivot Point Calculator /
Market Profile Generator /
Fibonacci Calculator /
Mailing List /
Advertise Here /
Articles /
Financial Terms /
Brokers /
Software /
Holidays /
Stock Split Calendar /
Features /
Mortgage Calculator /
User Pages /
Donate

Copyright © 2004-2016, MyPivots. All rights reserved.

Copyright © 2004-2016, MyPivots. All rights reserved.