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Kang Boon Khong
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An Indicator that calculates the Pivot Point line, along with the 2 levels of support and resistance lines, known as S1, S2, R1, R2 respectively. The formulas for calculation are as follows: Pivot point (PP) = (High + Low + Close) / 3 First level support and resistance: First resistance (R1) = (2 x PP) – Low First support (S1) = (2 x PP) – High Second level of support and resistance: Second resistance (R2) = PP + (High – Low) Second support (S2) = PP – (High – Low) The trader can adjust