how to calculate pivot res and sup.yesterday high,low,close use for tommorow trading?
There are different types of pivot points. ex: Floor pivot, Fib. pivot etc.
Lets say
H- Yesterday's high
L - Yesterday's Low
C = Yesterday's Close
Floor pivot formula
Pivot = (H+L+C)/3
Res 1 = 2 * Pivot - L
Res 2 = Pivot + (H-L)
Res 3 = H + (2*(Pivot-L))
Sup 1 = 2 * Pivot - H
Sup 2 = Pivot - (H-L)
Sup 3 = L - (2*(h-Pivot))
Fib Pivot
Pivot = (H+L+C)/3
Res 1 = Pivot + (0.382*(H-L))
Res 2 = Pivot + (0.618*(H-L))
Res 3 = Pivot + (1*(H-L))
Sup 1 = Pivot - (0.382*(H-L))
Sup 2 = Pivot - (0.618*(H-L))
Sup 3 = Pivot - (1*(H-L))
Regards
Taiki