Pivot Point Calculator
Instructions
Input
Type There are four different levels of pivot point calculation methods to choose from in this field.
- Standard 7 levels between R3 and S3.
- Woodie 5 levels between R2 and S2.
- Camarilla 9 levels between R4 and S4.
- DeMark Only calculates 2 levels between R1 and S1.
High price Input the highest price from the previous trading day of the trading instrument.
Low price Input the lowest price from the previous trading day of the trading instrument.
Close price Input the closing price from the previous trading day of the trading instrument.
Open price *The DeMark method additionally requires the input of today’s opening price.
Result
Pivot Point Calculator will calculate and display the pivot level for the next trading period based on the selected calculation method and input price data.
For example, suppose we want to calculate the pivot point for the EUR/USD and the next trading period.
First, for 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 period.
The pivot 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 Pivot Point？
Pivot Point is a common technical analysis tool in foreign exchange trading, used to determine potential support and resistance levels.
It is calculated as the average of the highest price, the lowest price, and the closing price of the previous trading day.
Calculation formula :
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In the next trading period, if the current price is below the pivot point level, it may indicate that the market will continue to fall; on the contrary, 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, three resistance levels, and three support levels of any financial instrument. These levels can help you better understand the possible 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 could result in charts and prices on the trading terminal varying 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 of their broker. This may require traders to communicate with their brokers to determine the best data source.