Technical Studies Reference
Pivot Range - Variable Period
This study function is similar to Pivot Points - Variable Period in regards to its Inputs and general functioning. However, the calculations are different.
This study has 4 Subgraphs. The following is the calculation method for each of the Subgraphs.
- PreviousHLCAvg (Subgraph: HLCAvg / HLCAvg) = (PreviousPeriodHigh + PreviousPeriodLow + PreviousPeriodClose) / 3
- HLCAvgMinusHLAvg = PreviousHLCAvg - ((PreviousHigh + PreviousLow)/2 )
- Subgraph: Top Range = PreviousHLCAvg + HLCAvgMinusHLAvg
- Subgraph: Bottom Range = PreviousHLCAvg - HLCAvgMinusHLAvg
Refer to the documentation for the Pivot Points - Variable Period study for a description of the available Inputs. They are the same.
*Last modified Friday, 09th June, 2017.