Forex Pivot Point Calculator

Thu, 28 Sep 2006 16:33:28 MDT  |  Written by Aboutcurrency

Forex Pivot Point Calculator Input:     High     Close     Low Pivot Point   Resistance Levels Support Levels 1 2 3 How to use this calculator? 1) Enter the previous DAY period High, Low and Close prices for the currency pair you want to calculate the pivot and the 2 support/resistance levels. Note that the previous day ends at 5PM NY time. 2)  Press the 'Calculate Pivot' button. Formulas Used in this Pivot Calculator: Pivot = ( High + Close + Low ) / 3       Resistance1 = 2 * Pivot - Low normal trading range Support1 = 2 * Pivot - High for the next period     Resistance2 = Pivot + (Resistance1 - Support1) extreme trading range Support2 = Pivot - (Resistance1 - Support1)       Resistance3 = High + 2*(Pivot - Low)   Support3 = Low - 2*(High - Pivot)   Using Pivot Points When calculating pivot points, the pivot point itself is the primary support/resistance. This means that the largest price movement is expected to occur at this price. The other support(S1-S3) and resistance levels(R1-R3) are less influential, but may still generate significant price movements.

 

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