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thinkorswim Three Day Pivot Range 02/22/09

The three day rolling pivot range.

  1. Eric Purdy
    Here’s another reader request. The three day rolling pivot range. The pivots are calculated using 24 hour data (vice normal hours) which appears to be a limitation of ThinkScript’s high() and low() functions. If anyone knows a workaround, I’d love to hear it.

    The formulas for the high and low pivot range are as follows:

    The Pivot= (3day High + 3day Low + Close)/3
    The Midpoint= (3day High + 3 day Low)/2
    Pivot Range= Absolute Value (Pivot – Midpoint)
    Pivot High= Pivot + Range
    Pivot Low= Pivot – Range threedaypivotrange.png