Pivot Point Trading Formula - Economic Benefits

Formula Used:

Pivot Point = (H + C + L) / 3
R3 = H + 2 x ( Pivot - L )
R2 = Pivot + ( R1 - S1 )
R1 = 2 x Pivot - L
S1 = 2 x Pivot - H
S2 = Pivot - ( R1 - S1 )
S3 = L - 2 x ( H - Pivot )


Where,

H - Previous Days High
L - Previous Days Low
C - Previous Days Close
R - Resistances Levels
S - Supports Levels

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