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Friday, April 30, 2010


The presented pivot points calculator will generate pivot points in four different systems for you in seconds! Just fill the form below with the previous period's data and press the "Calculate" button:
High price:
Low price:
Close price:
Current Open price:*

* For DeMark's pivot points.


Results:
Floor Pivot Points Woodie's Pivot Points Camarilla Pivot Points DeMark's Pivot Points
4th Resistance =
3rd Resistance =
2nd Resistance =
1st Resistance =
Pivot Point =
1st Support =
2nd Support =
3rd Support =
4th Support =


The floor pivot points, presented in the first column of the calculation results table, are the most basic and popular type of pivots used in Forex trading technical analysis. The pivot point is interpreted as the primary support/resistance level - the point at which the main trend will be born. First-third level resistance and support points serve as additional indicators of possible trend reversal or continuation. The rules to calculate floor pivot points are quite simple:

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)

Other popular method of calculating a simple TA indicator which helps trader to forecast future trend is Tom DeMark's pivot points. Which are not pivot points exactly, but predicted low and high of the period. To calculate DeMark's pivot points follow these rules:

If Close < x =" H"> Opencurrent Then X = 2 X H + L + C;

If Close = Opencurrent Then X = H + L + 2 X C;

New High = X / 2 - L; New Low = X / 2 - H

Woodie's pivot points are similar to floor pivot points, but are calculated in a somewhat different way, giving more weight to the Close price of the previous period. Use the following rules to calculate Woodie's pivot points:

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 is a set of eight very probable levels which resemble support and resistance values for a current trend. The origin and the precise way to calculate these pivot points are unclear. The most important is that these pivot points work for all traders and help in setting the right stop-loss and take-profit orders. I use the following rules to calculate Camarilla pivot points:

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

You can find a history of the Camarilla pivot points method and some interesting examples of its usage in a short e-book entitled Camarilla Levels.

You might also be interested in our Fibonacci calculator. It will help you to calculate the retracement levels of the completed trend.

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