A pivot point is a technical tool used in forex trading to determine potential support and resistance levels and the direction of a prevailing trend. While the basis of the indicator is rooted in elementary arithmetic, performing the necessary computations manually is time consuming and cumbersome. However, through the use of the Pivot Point Calculator, traders can quickly and easily execute the necessary calculations in an efficient manner.
Warning: Ad-blockers may prevent calculator from loading.
Pivot points are especially useful for identifying the presence of a trend and areas of forthcoming exhaustion or reversal. They're typically applied on a daily basis, but may be adapted to specific periodicities as deemed necessary by the trader. Pivots are a powerful indicator for addressing the elasticity of price action. The Pivot Point Calculator is a great way to take full advantage of their advanced utility.
Using The Pivot Point Calculator
Pivot points come in many forms, each with a varying degree of complexity. The Pivot Point Calculator focuses on four of the most popular among active traders:
These four pivot types offer the user unique functionality given identical inputs. While the conceptual framework behind each is similar, a distinct set of price points is created upon calculation. Therein lies the beauty of the Pivot Point Calculator—it produces the price points for each pivot with respect to common inputs. Through consideration of periodic highs, lows, and opening and closing values, each set of pivot points may be seamlessly derived.
As an example, assume that an individual is actively trading the EUR/USD on a daily timeframe. The following inputs are taken from the previous forex session:
Given the above constraints, the Pivot Point Calculator automatically generates support and resistance levels for each type of pivot:
Aside from its computational ability, the Pivot Point Calculator is especially useful for comparison purposes. The user-friendly interface displays the support and resistance levels for each pivot type side-by-side. In this fashion, one is able to quickly recognise any differences in the associated price points and adjust trade-related strategies accordingly.
Hypothetical/Simulated Performance: These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. Simulated or hypothetical trading programs are generally designed with the benefit of hindsight, do not involve financial risk, and possess other factors which can adversely affect actual trading results.
Demo Account: Although demo accounts attempt to replicate real markets, they operate in a simulated market environment. As such, there are key differences that distinguish them from real accounts; including but not limited to, the lack of dependence on real-time market liquidity, a delay in pricing, and the availability of some products which may not be tradable on live accounts. The operational capabilities when executing orders in a demo environment may result in atypically, expedited transactions; lack of rejected orders; and/or the absence of slippage. There may be instances where margin requirements differ from those of live accounts as updates to demo accounts may not always coincide with those of real accounts. Single Share prices are subject to a 15 minute delay.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, Friedberg Direct, FXCM or its affiliates takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of Friedberg Direct and FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the Friedberg Direct's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.**
The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.
Please note you are now leaving the main Friedberg Direct website and you are about to be redirected to https://www.fxcmapps.com/ ("FXCM Apps Store")
Friedberg Mercantile Group Ltd. ("Friedberg Direct") is an independent legal entity and does not own, control or operate the FXCM APPS store. Therefore, Friedberg Direct does NOT endorse or make any warranties regarding any product or service offered on the FXCM Apps Store, nor has reviewed or verified any information that might be presented and/or described on the FXCM Apps Store. The link is provided for your convenience only.
Please note you are now leaving the main Friedberg Direct website and you are about to be redirected to a third-party website.
Friedberg Mercantile Group Ltd. ("Friedberg Direct") is an independent legal entity and does not own, control or operate this third-party website. Therefore, Friedberg Direct does NOT endorse or make any warranties regarding any product or service offered on the website of the third-party, nor has reviewed or verified any information that might be presented and/or described on it. The link is provided for your convenience only.