Pivot point calculator: five methods
Pivot points turn yesterday's high, low and close into today's reference levels. Many intraday traders watch them, which is why price often reacts there.
How to use it
- Take the previous session's high, low and close (daily pivots: yesterday's daily candle).
- For DeMark pivots also enter the open.
- Read P (the pivot), the resistances R1-R4 above it and the supports S1-S4 below.
Worked example
High 4,150, low 4,080, close 4,120: P = (4,150 + 4,080 + 4,120) ÷ 3 = 4,116.67, classic R1 = 2 × P − low = 4,153.33, S1 = 2 × P − high = 4,083.33.
The formula
P = (high + low + close) ÷ 3; classic R1 = 2P − low, S1 = 2P − high, R2 = P + range, S2 = P − range
Questions
Which pivot point method is best for intraday?
Classic pivots are watched the most. Camarilla levels sit closer to the close and suit range days; Fibonacci pivots space the levels by 38.2 % and 61.8 % of the range.
Daily or weekly pivots?
Daily pivots for intraday trades, weekly pivots for swing trades lasting several days.
Can I use pivots for Nifty and gold?
Yes, for any market: enter that market's previous high, low and close.
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