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Tom Demark Pivot Point System: Condition Calculation Tomorrow'S Projections

The document outlines Tom DeMark's pivot point system for projecting the next day's high and low prices based on the current day's open, high, low, and close prices. It provides calculations to determine a pivot point value X based on the close relative to the open, and then divides X by 4 to get the pivot point and uses X/2 to project resistance and support levels for the following day.

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dody danger
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147 views1 page

Tom Demark Pivot Point System: Condition Calculation Tomorrow'S Projections

The document outlines Tom DeMark's pivot point system for projecting the next day's high and low prices based on the current day's open, high, low, and close prices. It provides calculations to determine a pivot point value X based on the close relative to the open, and then divides X by 4 to get the pivot point and uses X/2 to project resistance and support levels for the following day.

Uploaded by

dody danger
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd

Tom DeMark Pivot Point System

Condition Calculation Tomorrow's Projections


Today Close < today high + today low + High= x/2 - today low
Today Open today close + today low = x Low= x/2 - today high
X = (H + (L * 2) + C)
Today Close > today high + today low + High= x/2 - today low
Today Open today close + today high = x Low= x/2 - today high
X = ((H * 2) + L + C)
Today Close = today high + today low + High= x/2 - today low
Today Open today close + today close = x Low= x/2 - today high
X = (H + L + (C * 2))
PP = X / 4 R1 = (X / 2) - L S1 = (X / 2) - H

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