Pivot Point Formulas For TCNet/TC2000
Daily calculations
Pivot Point Daily
((H + L + C) / 3)
S1D
((((H + L + C) / 3) * 2) – H)
S2D
((((H + L + C) / 3) – H) + L)
R1D
((((H + L + C) / 3) * 2) – L)
R2D
((((H + L + C) / 3) + H) – L)
Weekly Calculations (Rolling calculations, so review on Friday after close for calendar week)
Pivot Point weekly
((MAXH5 + MINL5 + C) / 3)
S1W
((((MAXH5 + MINL5 + C) / 3) * 2) – MAXH5)
S2W
((((MAXH5 + MINL5 + C) / 3) – MAXH5) + MINL5)
R1W
((((MAXH5 + MINL5 + C) / 3) * 2) – MINL5)
R2W
((((MAXH5 + MINL5 + C) / 3) + MAXH5) – MINL5)
Note:
Only copy/paste the formulas. The PCF names are arbitrary and can be changed to your liking.
