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- DeMark Pivot Points calculate three horizontal support and resistance levels from the previous bar's open, high, low, and close.
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- No configurable parameters; computation is stateless per bar.
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- Output range: Varies (see docs).
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- Requires `2` bars of warmup before first valid output (IsHot = true).
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- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
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DeMark Pivot Points calculate three horizontal support and resistance levels from the previous bar's open, high, low, and close. The defining characteristic is a conditional intermediate value X that changes its weighting depending on whether the prior bar closed below, above, or equal to its open. Bearish bars weight the low; bullish bars weight the high; doji bars weight the close. Three levels (PP, R1, S1) emerge from this single conditional calculation. The only pivot variant that uses the open price.
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@@ -195,4 +193,4 @@ No external libraries implement bar-to-bar DeMark pivot points. Mathematical cor
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- DeMark, T. R. (1994). *The New Science of Technical Analysis*. John Wiley and Sons.
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- DeMark, T. R. (1997). *New Market Timing Techniques: Innovative Studies in Market Rhythm and Price Exhaustion*. John Wiley and Sons.
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- Person, J. L. (2004). *A Complete Guide to Technical Trading Tactics*. John Wiley and Sons.
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- Wikipedia: [Pivot point (technical analysis)](https://en.wikipedia.org/wiki/Pivot_point_(technical_analysis))
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- Wikipedia: [Pivot point (technical analysis)](https://en.wikipedia.org/wiki/Pivot_point_(technical_analysis))
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