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Pivot points
I find pivot points very useful. The pivots and support/resistance provided by the Technical Analyzer in Daily FX Plus are particularly good.
However I cannot see how the pivots are calculated. I have tried, (High+Low+CLose)/3 for each new post, in multiple timeframes, but can't get the same pivot number. There are four or five updates each day. The pivot changes each post so presumably it is based on a timeframe less than 24 hours.
Could you tell me how they calculated?
Many thanks
Doug
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