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- Extended Traditional Pivot Points calculate eleven horizontal support and resistance levels from the previous bar's 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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Extended Traditional Pivot Points calculate eleven horizontal support and resistance levels from the previous bar's high, low, and close. The core levels (PP, R1-R3, S1-S3) are identical to classic floor trader pivots. The extension adds R4/R5 and S4/S5 levels that project further beyond the prior bar's range, covering extreme move scenarios such as gap opens, news-driven spikes, and trend continuation through multiple prior-range increments. The formula is pure arithmetic with zero parameters.
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@@ -203,4 +201,4 @@ Mathematical correctness is validated by computing expected values from the exte
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- Person, J. L. (2004). *A Complete Guide to Technical Trading Tactics: How to Profit Using Pivot Points, Candlesticks & Other Indicators*. 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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- TradingView: [Pivot Points Standard](https://www.tradingview.com/support/solutions/43000521824-pivot-points-standard/)
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- Nison, S. (2001). *Japanese Candlestick Charting Techniques*. Prentice Hall Press. (Discussion of floor trader pivot methodology.)
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- Nison, S. (2001). *Japanese Candlestick Charting Techniques*. Prentice Hall Press. (Discussion of floor trader pivot methodology.)
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