[Metastockusers] How to use Pivots

[<uhehs@xxxxxxxx>]

Someone please direct me to where I
can read the theory on how to use the Pivots formula below.

 

 

Pivot:=(Ref(H,-1)+Ref(L,-1)+Ref(C,-1))/3;

r2:=pivot+(Ref(H,-1)-Ref(L,-1));

r1:=(pivot*2)-Ref(L,-1);

s1:=(pivot*2)-Ref(H,-1);

s2:=pivot-(r1-s1);

pivot;

r2;

r1;

s1;

s2;











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