Pivot Point & Support/Resistance Calculator

Calculate key price levels for trading using multiple pivot point methods.

Enter the previous period's high, low, and close prices. Select your preferred calculation method to get pivot points and support/resistance levels.

Pivot Point Examples

See how different methods calculate pivot points and levels.

Classic Pivot Example

Classic

Calculate classic pivot points for a daily chart.

High Price: 120.5

Low Price: 118.2

Close Price: 119.75

Method: Classic

Decimals: 2

Fibonacci Pivot Example

Fibonacci

Calculate Fibonacci pivot points for a weekly chart.

High Price: 150

Low Price: 145

Close Price: 148

Method: Fibonacci

Decimals: 2

Woodie Pivot Example

Woodie

Calculate Woodie pivot points for a stock.

High Price: 75.3

Low Price: 72.1

Close Price: 74

Open Price: 73.5

Method: Woodie

Decimals: 2

Camarilla Pivot Example

Camarilla

Calculate Camarilla pivot points for a forex pair.

High Price: 1.205

Low Price: 1.198

Close Price: 1.202

Method: Camarilla

Decimals: 5

Other Titles
Understanding Pivot Point & Support/Resistance Calculator: A Comprehensive Guide
Master the art of technical analysis with pivot points and support/resistance levels.

What is a Pivot Point?

  • Definition and History
  • Why Pivot Points Matter
  • Types of Pivot Points
A pivot point is a technical analysis indicator used to determine the overall trend of the market over different time frames. It is calculated as the average of the high, low, and closing prices from the previous period.
Pivot Point Types

Pivot Point Types in Practice

  • Classic pivot points are widely used by day traders.
  • Fibonacci pivot points incorporate Fibonacci ratios for more dynamic levels.

Step-by-Step Guide to Using the Calculator

  • Input the Required Data
  • Select Calculation Method
  • Interpret the Results
To use the calculator, enter the high, low, and close prices from the previous trading period. Optionally, provide the open price for Woodie and Demark methods. Choose your preferred calculation method and click 'Calculate'.
Understanding the Output

Input Examples

  • For a daily chart, use the previous day's high, low, and close.
  • For a weekly chart, use the previous week's data.

Real-World Applications of Pivot Points

  • Day Trading
  • Swing Trading
  • Risk Management
Pivot points are used by traders to identify potential support and resistance levels. These levels help in setting entry and exit points, stop-losses, and profit targets.
Pivot Points in Trading Strategies

Trading Scenarios

  • A trader may buy when the price is above the pivot point and sell when below.
  • Support and resistance levels can be used to set stop-loss orders.

Common Misconceptions and Correct Methods

  • Misinterpreting Levels
  • Overreliance on One Method
  • Ignoring Market Context
Many traders mistakenly believe pivot points guarantee price reversals. In reality, they are potential levels, not certainties. It's important to use them alongside other indicators and market context.
Best Practices

Tips for Effective Use

  • Combine pivot points with volume analysis for better accuracy.
  • Always consider the broader market trend.

Mathematical Derivation and Examples

  • Classic Formula
  • Fibonacci Levels
  • Camarilla, Woodie, and Demark Methods
The classic pivot point is calculated as (High + Low + Close) / 3. Support and resistance levels are derived using this pivot point and the range (High - Low). Other methods use variations and additional ratios.
Sample Calculations

Formula Examples

  • Classic S1 = (2 × PP) – High
  • Fibonacci R1 = PP + 0.382 × (High – Low)