Web based Pivot Point Calculator
The pivot points is a valuable tool to analize markets. It allows to determine entry and close points. The following pivot points calculator will generate pivot points based in the formulas that are shown below. Just fill the form below with the previous period’s data and press the “Calculate” button (this tool can be added to any website and blog):
The values of the pivot points presented in the first column of the calculation results table, are the most basic and popular type of pivots used in Forex trading technical analysis. The pivot point is interpreted as the primary support/resistance level – the point at which the main trend will be born. First-third level resistance and support points serve as additional indicators of possible trend reversal or continuation. The rules to calculate floor pivot points are quite simple:
Pivot (P) = (H + L + C) / 3
Resistance (R1) = (2 X P) – L
R2 = P + H – L
R3 = H + 2 X (P – L)
Support (S1) = (2 X P) – H
S2 = P – H + L
S3 = L – 2 X (H – P)
The levels of supports and resistence determined by the pivot point formulas are used by thousands of traders around the world to determine the entry and exit points of their trades. Is a very useful tool for expert and begineers traders.
See others Market Analysis Tools
