Pivot Points - Demark - Indicator Formula

Demark Pivot Points are different from standard and Fibonacci Pivot Points because they are conditional on the relationship between the open and the close. The Demark indicators begin the calculation with a different base formula and use a different calculation for its pivots.

When the price of an asset is above the Demark Pivot Point during the trading day, this is considered to be a bullish sign.

When the price of an asset is below the Demark Pivot Point during the trading day, this is considered to be a bearish sign.

Calculation:

​if Close < Open then X = High + ( 2 * Low ) + Close

​if Close > Open then X = ( 2 * High ) + Low + Close

​if Close = Open then X = High + Low + ( 2 * Close )

​Pivot Point ( P ) = X / 4

Support 1 ( S1 ) = X / 2 - High

Resistance 1 ( R1 ) = X / 2 - Low