Pivot Point Calculator – Essential Tool for Accurate Market Analysis
What is a Pivot Point?
A Pivot Point Calculator is a must-have tool for traders and investors looking to enhance their market analysis and trading strategies. By using the previous day's high, low, and close prices, this calculator helps determine key price levels where the market trend could potentially reverse, known as pivot points.
Pivot points are widely used in forex trading, stock markets, and commodities. With our Pivot Point Calculator, you can quickly calculate these critical price levels, including support and resistance levels. These calculations assist traders in identifying potential entry and exit points, making more informed trading decisions.
Pivot Point, Resistance and Support Levels Standard Formuala Used in Calculations
Pivot Point (PP) = (High + Low + Close) / 3
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