Simple Pivot Point Calculator
Pivot Points are used to determine potential support and resistance levels and also for marking quick entry and exit point to execute the trade. The simple classic pivot point calculator enables you to calculate daily weekly Support and Resistance levels for stocks, indices, currencies etc.
Formula includes in the Classic Pivot Calculator.
Calculation of Resistance Levels
- R1 = (PIVOT POINT * 2) - LOW
- R2 = PIVOT POINT + (HIGH - LOW)
- R3 = HIGH + 2 * (PIVOT POINT - LOW)
Pivot Point:
- Pivot Point =(LOW + HIGH + Close) / 3
Calculation of Support Levels
- S1 = (PIVOT POINT * 2) - HIGH
- S2 = PIVOT POINT - (HIGH - LOW)
- S3 = LOW - 2 * (HIGH - PIVOT POINT)
Where R stands for Resistance and S for Support.
