Tools
Pivot Points Calculator
Discover the next day trading levels with our Pivot Points Calculator
Pivot Points Calculator
Discover the next day trading levels with our Pivot Points Calculator
Let’s do the math
How does the pivot points calculator work?
Pivot points are pivotal indicators on a price chart derived from the cumulative highs, lows, and closing prices of a financial instrument from the previous trading day, divided by three. Basically, they serve as key reference points for assessing market trends. Conversely, if a financial instrument’s price falls below the pivot point, it suggests a downward trend. Contrarily, surpassing the pivot point indicates an upward trend.
Indeed, this formula generates pivot levels, along with support and resistance levels, which are instrumental in trading strategies. Moreover, traders can utilize breakout and bounce trading methods similar to those applied with regular support and resistance levels and trendlines.
In addition, a significant advantage of pivot point strategies lies in their widespread adoption among traders, including institutional professionals, due to their predictive nature. Furthermore, by analyzing previous trading day prices, traders can anticipate potential reversal or breakout points for the current session.
Specifically, our Pivot Points Calculator provides accurate calculations for seven pivot points of any financial instrument, including the pivot point itself, three resistance levels, and three support levels. Further, among these, the most commonly used are the pivot point (PP), the first resistance level (R1), and the first support level (S1).
Using the tool
Additionally, using the Pivot Points Calculator involves selecting one of four calculation methods:
1. Standard method: Calculates seven levels, all in all spanning between R3 and S3.
2. Woodie method: Calculates five levels, all in all ranging between R2 and S2.
3. Camarilla method: Computes nine levels, all in all spanning between R4 and S4.
4. DeMark method: Requires the asset’s opening price and calculates only two levels, specifically between R1 and S1.
For instance, let’s consider calculating Standard pivot points for EUR/USD for the upcoming trading session:
1. Firstly, select the Standard calculation method.
2. Then, input the high, low, and close prices from the previous trading session.
3. Finally, click “Calculate.”
In conclusion, the results will display the seven pivot levels for EUR/USD, including the pivot point and three support and resistance levels for the next trading session.
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Pivot Points Calculator FAQs
The Fx-k pivot points calculator assists traders in identifying key levels of support and resistance, consequently aiding in decision-making for entry, exit, and trade management.
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By providing pivot points, altogether with associated support and resistance levels, the Fx-k pivot points calculator offers traders valuable insights into market sentiment and potential price action, generally facilitating more informed trading decisions.
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Absolutely. With its intuitive interface and straightforward inputs, the calculator is suitable for both novice and experienced investors, in the end making financial planning accessible to all.
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