Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.
If Close < Open, then X = High + (2 x Low) + Close
If Close > Open, then X = (2 x High) + Low + Close
If Close = Open, then X = High + Low + (2 x Close)
Pivot Point (P) = X/4
Support 1 (S1) = X/2 - High
Resistance 1 (R1) = X/2 - Low
The chart below shows the Russell 2000 ETF (IWM) with Demark Pivot Points on a 15 minute chart. Notice that there is only one resistance (R1) and one support (S1). Demark Pivot Points do not have multiple support or resistance levels.
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