TOM DEMARK'S PIVOT POINT

Tom DeMark's pivot points

This are not pivot points exactly, but predicted low and high of the period. To calculate DeMark's pivot points follow these rules:

If Close < Open(current) Then X = H + 2 X L + C
If Close > Opencurrent Then X = 2 X H + L + C
If Close = Opencurrent Then X = H + L + 2 X C
New High = X / 2 - L; New Low = X / 2 - H