Pivot points are indicators used in Trading. They can be used to spot Supports and Resistances.
R3 = PP + ((High – Low) x 1.000)
R2 = PP + ((High – Low) x .618)
R1 = PP + ((High – Low) x .382)
PP = (H + L + C) / 3
S1 = PP – ((High – Low) x .382)
S2 = PP – ((High – Low) x .618)
S3 = PP – ((High – Low) x 1.000)
C – Closing Price, H – High, L – Low
Status:: #wiki/notes/mature
Plantations:: Trading Indicators
References:: Babypips