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Billy,
Stockcharts.com have recently instituted pivots on their charts. In their blog, they list their standard pivot calculation as the following:
Pivot Point (P) = (High + Low + Close)/3
Support 1 (S1) = (P x 2) - High
Support 2 (S2) = P - (High - Low)
Resistance 1 (R1) = (P x 2) - Low
Resistance 2 (R2) = P + (High - Low)
This appears different than the calculation used on this site. If true, do you happen to know why the difference?
Adam
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