Calculate Woodie's Pivot Points:

Woodie's pivot points are similar to the floor (classic) pivot points, but more weight is given to the close price. Woodie's also uses the high (H), low (L) and close (C) prices of the previous period to generatepivot points of the current period. The rules to calculate Woodie's points are as follows:
Pivot (P) = (H + L + 2 * C) / 4
Resistance 1 (P1) = (2 * P) - L
Resistance 2 (R2) = P + H - L
Support 1 (S1) = (2 * P) - H
Support 2 (S2) = P - H + L
(H: high; L: low; C: close; P: pivot)