Pivot Point Calculator
Forex Pivot Point Calculator for Support and Resistance
User Instructions
Input Options
Type: In this section, there are four different levels of pivot point calculation methods to choose from.
- Standard: 7 levels between R3 and S3.
- Woodie: 5 levels between R2 and S2.
- Camarilla: 9 levels between R4 and S4.
- DeMark: Only calculate 2 levels between R1 and S1.
High price: Enter the highest price of the trading instrument from the previous trading day.
Low price: Enter the lowest price of the trading instrument from the previous trading day.
Close price: Enter the closing price of the previous trading day.
* Open price: Enter the opening price of the previous trading day, which is one of the key data points in the DeMark method.
Calculation Result
Pivot Point Calculator will calculate and display the pivot levels for the next trading session based on the selected calculation method and the input price data.
For example, let's assume we want to calculate the pivot point for the EUR/USD and the next trading session.
First, in our example, we will choose the standard calculation method.
We input the highest price of the EUR/USD currency pair from the previous trading day as 1.2000, the lowest price as 1.1500, and the closing price as 1.1700.
The Pivot Point Calculator (in standard mode) will calculate and display the 7 pivot levels for the EUR/USD pair in the next trading session.
The pivot point level for the next day is 1.1733
The three support levels are 1.1467 (S1), 1.1233 (S2), and 1.0967 (S3).
The three resistance levels are 1.1967 (R1), 1.2233 (R2), and 1.2467 (R3).
What is a Pivot Point?
A pivot point is a commonly used technical analysis tool in Forex trading, used to determine potential support and resistance levels.
It is calculated based on the average of the previous trading day's highest price, lowest price, and closing price.
Pivot Point =
[Highest Price + Lowest Price + Closing Price] / 3
In the next trading session, if the current price is below the pivot point level, it may indicate that the market will continue to decline; conversely, if the current price is above the pivot point level, it may indicate that the market will continue to rise.
The pivot point strategy is a predictive trading strategy that can help traders identify potential price reversal points or breakout levels. The main advantage of this strategy is that it can provide real-time market trend information rather than lagging information.
Our Pivot Point Calculator can help you accurately calculate the pivot point of any financial instrument's price, three resistance levels, and three support levels. These levels can help you better understand the potential market trends and develop effective trading strategies.
However, due to some retail CFD brokers having data servers in different time zones, this may lead to discrepancies in data compared to the official market. This situation may cause charts and prices on trading terminals to vary by broker, thereby affecting the results of the pivot point strategy.
Therefore, to ensure the effectiveness of the pivot point strategy, traders need to ensure that the price data they use is accurate and reliable, and matches the data from their broker. This may require traders to communicate with their brokers to determine the best data source.