How To Calculate Pivot Points in Python?
How To Calculate Pivot Points in Python?
1 answer
by
percy_bauch ,
5 months ago
@annabell_mcdermott
Here is a code snippet in Python to calculate pivot points:
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def calculate_pivot_points(high, low, close):
pivot = (high + low + close) / 3
pivot_points = {
"pivot": pivot,
"support1": 2 * pivot - high,
"support2": pivot - (high - low),
"resistance1": 2 * pivot - low,
"resistance2": pivot + (high - low)
}
return pivot_points
high = 50
low = 40
close = 45
pivot_points = calculate_pivot_points(high, low, close)
print(pivot_points)
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In this code, we define a function calculate_pivot_points() that takes the high, low, and close prices as input and calculates the pivot point, support levels, and resistance levels based on these prices. We then call this function with sample values for high, low, and close prices and print the calculated pivot points.
Feel free to modify the code to suit your specific requirements or use case.
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