Did you know that pivot points can also help you determine whether traders are more inclined to buy or sell a currency pair?Read More
Determine significant daily, weekly, and monthly support and resistance levels with the help of pivot points. To learn more about how they work, check out our Pivot Points lesson.
Just enter the previous period's data below and press the "Calculate" button.
The floor pivot points are the most basic and popular type of pivots. The pivot point is interpreted as the primary support/resistance level - the point at which the main trend is determined. First-third level resistance and support points serve as additional indicators of possible trend reversal or continuation.
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)
Woodie's pivot points are similar to floor pivot points, the difference being is that more weight is given to the Close price of the previous period.
Pivot (P) = (H + L + 2 x C) / 4 Resistance (R1) = (2 x P) - L R2 = P + H - L Support (S1) = (2 x P) - H S2 = P - H + L
Camarilla pivot points are a set of eight very probable levels which resemble support and resistance values for a current trend. The most important is that these pivot points work for all traders and help in setting the right stop-loss and profit-target orders.
R4 = (H - L) x 1.1 / 2 + C R3 = (H - L) x 1.1 / 4 + C R2 = (H - L) x 1.1 / 6 + C R1 = (H - L) x 1.1 / 12 + C S1 = C - (H - L) x 1.1 / 12 S2 = C - (H - L) x 1.1 / 6 S3 = C - (H - L) x 1.1 / 4 S4 = C - (H - L) x 1.1 / 2
Another popular method of calculating the pivots to forecast the future of the trend is Tom DeMark's pivot points, which are not pivot points exactly, but are the predicted lows and highs of the period.
If Close < Open: X = H + 2 x L + C If Close > Open: X = 2 x H + L + C If Close = Open: X = H + L + 2 x C New High = X / 2 - L New Low = X / 2 - H
Fibonacci pivot point levels are determined by first calculating the floor pivot points. Next, multiply the previous day's range with its corresponding Fibonacci level. Most traders use the 38.2%, 61.8% and 100% retracements in their calculations. Finally, add or subtract the figures you get to the pivot point and voila, you've got your Fibonacci pivot point levels!
R3 = PP + ((High - Low) x 1.000) R2 = PP + ((High - Low) x 0.618) R1 = PP + ((High - Low) x 0.382) PP = (H + L + C) / 3 S1 = PP - ((High - Low) x 0.382) S2 = PP - ((High - Low) x 0.618) S3 = PP - ((High - Low) x 1.000)
The damage from a bad trade often extends well beyond the loss on the trade itself. By shaking up a trader’s confidence, such trades can lead to missing winning trades the trader would otherwise have taken. The resulting missed profits can often even exceed the loss on the original trade.Jack D. Schwager