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A pivot point calculator is used daily by many successful traders to pinpoint key support and resistance levels where they can expect the price to react. You can download a free pivot point calculator from some websites on the net by doing a simple search in your favorite search engine. However, I like to use a pivot point calculator I can customize according to the exact currency pairs I like trading.

Also, I like to have additional pivot levels marked for reference. A Microsoft Excel spreadsheet lends itself very easily to creating your pivot point calculator. Or if you wish you can download a free copy of the one I use listed in the resource box below. The formula for creating pivot points is based on 4 figures you need to obtain from your Forex charting software. The key figure in your pivot point calculator is the central pivot point.

This value is obtained by adding the High, Low, and Close figures together and dividing the total by 3. You now have your central pivot point.

This pivot point now gives you the basis for calculating the other levels such as R1, R2, S1, and S2. Once these levels are calculated it is then easy to put the M levels in your pivot point calculator. In the resource box below is a link to a spreadsheet that is set up for the six major currency pairs. I then just type them into the appropriate cells on the spreadsheet and all the pivot points are automatically calculated for me.

After this, I insert horizontal lines to mark the main pivot levels on the minute chart. This enables you to see the general area of price activity for the day.

Sometimes the price will go way beyond the average range for the day and exceed R2 or S2. On the spreadsheet referenced below, additional pivot levels are calculated to give some guidance for such trading days. Pivot points are one of the key tools traders use to determine where the price is likely to go and where it is likely to stall. Either use the formulas above to create your pivot point calculator or use the free download below. Your email address will not be published.

Forex Pivot Point Calculator- How To Make Your Own Or Download Free A pivot point calculator is used daily by many successful traders to pinpoint key support and resistance levels where they can expect the price to react. The Formula The formula for creating pivot points is based on 4 figures you need to obtain from your Forex charting software. As the distance between these levels can sometimes be quite significant, many traders also put mid-levels on their charts and refer to them as M1, M2, M3, and M4.

They are positioned as follows: M1 — Between S1 and S2 M2 — Between S2 and the Central Pivot Point M3 — Between the Central Pivot Point and R1 M4 — Between R1 and R2 The formulas for the other levels are: S1: Central Pivot Point x 2 minus the High S2: Central Pivot Point minus R1 minus S1 R1: Central Pivot Point x 2 minus the Low R2: Central Pivot Point minus S1 plus R1 Once these levels are calculated it is then easy to put the M levels in your pivot point calculator.

M1: S1 minus S2 divided by 2 M2: Central Pivot Point minus S1 divided by 2 M3: R1 minus Central Pivot Point divided by 2 M4: R2 minus R1 divided by 2 In the resource box below is a link to a spreadsheet that is set up for the six major currency pairs.

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The Formula The formula for creating pivot points is based on 4 figures you need to obtain from your Forex charting software. How To Effectively Trade Currency In Forex. Join the mentors. It is also possible to change the background color manually. Home Products Indicators Signal PivotPoints. Better Volume Free. Previous day low price.

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