Pivot points
Support and resistance levels computed from the previous period's high, low and close.
Formula
P = (High + Low + Close) ÷ 3 Standard: R1 = 2P − Low, S1 = 2P − High, R2 = P + Range, S2 = P − Range Fibonacci: P ± 0.382, 0.618, 1 × Range Camarilla: Close ± Range × 1.1 ÷ 12, 6, 4 Woodie: P = (High + Low + 2 × this period's Open) ÷ 4
How to read it
Above P is bullish for the period; R1/S1 are the first levels intraday traders lean on.
How to use it
Intraday support, resistance and profit targets that every trader computes the same way.
In Kereon
Charts · Superchart. Standard by default; the period (day, week, month…) follows the bar size unless chosen, and always uses the COMPLETED period before.
Also called: floor pivots, camarilla, woodie, fibonacci pivots, r1, s1.