Pivot Calculator
Pivot point is a technical indicator which is developed by using any financial instrument’s prices of high, low and closing value (of last session) plus the open value of the current session. Moreover, the pivot point defines the projected support/resistance levels of the symbol. This is one of the leading indicators that acts as a guide for price action with extremely accuracy. Technical analysts follow 4 different methods to determine pivot points, the Classic, the Woodie’s, the Camarilla and lastly the DeMark’s.
How to use it:
That’s easy. Just input e.g. the previous day data (high – low – close) plus the open price of the current session in order to define the today’s pivot point and the projected support/resistance levels for your current day trading.
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