To create a program that calculates pivot points and related levels (R1, R2, S1, S2, etc.), you can implement this in Excel using formulas. Here's how you can approach both:
Pivot Point Formula:
Pivot Point (PP)=(High+Low+Close)/3
Resistance Levels:
R1=(2×PP)−Low
R2=PP+(High−Low)
Support Levels:
S1=(2×PP)−High
S2=PP−(High−Low)
Add these formulas to the respective cells in Excel.