thinkorswim Tech Indicators Reference

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### SVEPivots Formulas

Source: https://toslc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/R-S/SVEPivots

Formulas for calculating Pivot Point (PP), Resistance levels (R1, R2, R3), and Support levels (S1, S2, S3) based on previous day's high (PH), low (PL), and close (PC) prices.

```thinkscript
PP = (PH + PL + PC) / 3;  

```

```thinkscript
R1 = 2 * PP - PL;  

```

```thinkscript
R2 = PP + (PH - PL);  

```

```thinkscript
R3 = 2 * PP + (PH - 2 * PL);  

```

```thinkscript
S1 = 2 * PP - PH;  

```

```thinkscript
S2 = PP - (PH - PL);  

```

```thinkscript
S3 = 2 * PP - (2 * PH - PL).
```

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