Pivot Points and Fibonacci retracement levels are essential tools in trading. Pivot Points Calculator provides Resistance and Support Levels, along with Fibonacci Retracement Values, Input Open, Close , High & Low price values of candlestick to get corresponding R1, R2, R3, S1, S2, S3 & Fibonacci Levels.

Pivot Point & Fibonacci Calculator

How To Use Pivot Points Calculator ?

First Let us understand two key features of this calculators –

  • Standard Pivot Points: These are the most commonly used pivot points and are calculated using the previous day’s high, low, and closing prices.
  • Fibonacci Pivot Points: These pivot points incorporate Fibonacci retracement levels into their calculations, providing additional levels of support and resistance based on Fibonacci ratios.

Here is how you can use Pivot Points Calculator in your Trading –

1. Input Data: The first step is to input the necessary data into the calculator. This typically includes the previous day’s high, low, and closing prices. If you are using smaller timeframe for analysis, you can also input OHLC values of previous candlestick.

2. Calculate Pivot Points: Once the data is entered, the calculator will automatically generate the pivot point, as well as support and resistance levels based on the chosen method of calculation. This calculator has additional capability of providing Fibonacci retracement values based on same inputs.

3. Interpretation: With the pivot points generated, traders can now interpret the levels to identify potential entry and exit points for their trades. Pivot points above the current market price indicate resistance levels, while those below indicate support levels. These levels can also be used to identify reasonable stop loss levels.

4. Utilize Fibonacci Retracement: Traders can use these additional levels to further refine their trading strategy and identify key areas of support and resistance.

5. Monitor Market Behavior: It’s important to remember that pivot points are dynamic and can change throughout the trading day as new data becomes available. Traders should monitor how the market behaves around these levels and adjust their strategy accordingly.