Hey guys, I use to trade in forex and I've been developing my own pivots indicator. The software which I use doesn’t have the feature built-in and I like to calculate weekly pivots.

how should I handle non-trading days in a week (e.g. public holidays) - say a week has 1 non-trading day, so now is the pivot calc based on 4 days or does it stick with a 5 day lookback (i.e. assume every 5 daily bars make up a week). If there are 2 holidays in one week is the pivot then based on 3 days and so on?

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stock tradings

This formula should work for ya.


Formula

PP = (H + L + C) / 3
then
* R1 = (2*PP) - L
* R2 = PP + (H - L)
* R3 = H + 2*(PP-L)

* S1 = (2*PP) - H
* S2 = PP - (H - L)
* S3 = L - 2*(H - PP)

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