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Price Guide Terms

Open/High/Low/Close: The Daily, Weekly, and Monthly OHLC are obtained from Tradestation using the “Pit” session for each market unless otherwise noted.  The closing price is the settlement price posted in Tradestation.

D2 High/Low:  The High and Low from two days ago.

D3 High/Low:  The High and Low from three days ago.

Pivots:  The Price Guide uses the “Classic” formulas for calculating the floor trader's pivots.  The “Pit” session is used for all markets unless otherwise noted.  The Daily, Weekly, and Monthly numbers are derived from the same calculations.  The formulas below are used to calculate the floor trader's pivots:

R3 = High + 2*(Pivot-Low)
R2 = P + (R1 - S1)
R1 = (2 x P) - L
Pivot (P) = (High + Low + Close) / 3
S1 = (2 x P) - H
S2 = P - (R1 - S1)
S3 = Low - 2*(High-Pivot)

JR1/JS1:  These two numbers are derived from the Jackson Zone concept.  The formula's are as follows:

BP = Balance Point (Pivot) = (Yesterday High + Low + Close)/3
Range = Yesterday High – Yesterday Low

JR1 =  BP + (Range *.50)
JS1 =  BP – (Range * .50)

Fibonacci Extensions:  The Fibonacci price extensions are calculated as follows:

Range = Yesterday High – Yesterday Low

Yesterday 1.618 = Low + (Range * 1.618)
Yesterday 1.272 = Low + (Range * 1.272)

Yesterday 1.272 = High – (Range * 1.272)
Yesterday 1.618 = High – (Range * 1.618)

Yesterday's Midpoint:  (Yesterday High + Yesterday Low) * .50