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Pivot Calculation: (Hemant)

The document discusses several methods for calculating pivot points which are used in technical analysis for forex trading. It describes the rules for calculating floor pivot points, Tom DeMark's pivot points, Woodie's pivot points, and Camarilla pivot points. Floor pivot points use the high, low, and close prices to calculate the pivot point and multiple support and resistance levels. The other methods like Tom DeMark's, Woodie's, and Camarilla pivot points apply different formulas that weight the high, low, close and open prices to determine the predicted highs and lows and support and resistance levels.

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Bill Hunter
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155 views9 pages

Pivot Calculation: (Hemant)

The document discusses several methods for calculating pivot points which are used in technical analysis for forex trading. It describes the rules for calculating floor pivot points, Tom DeMark's pivot points, Woodie's pivot points, and Camarilla pivot points. Floor pivot points use the high, low, and close prices to calculate the pivot point and multiple support and resistance levels. The other methods like Tom DeMark's, Woodie's, and Camarilla pivot points apply different formulas that weight the high, low, close and open prices to determine the predicted highs and lows and support and resistance levels.

Uploaded by

Bill Hunter
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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PIVOT CALCULATION : ( HEMANT )

Floor Pivot Points


The floor pivot points, , are the most basic and popular type of
pivots used in Forex trading technical analysis. The pivot point is
interpreted as the primary support/resistance level the point at
which the main trend will be born. First-third level resistance and
support points serve as additional indicators of possible trend
reversal or continuation. The rules to calculate floor pivot points
are quite simple.
Pivot(P) = (H+L+C)/3
Resistance(R1) = (2P)L
R2 = P+HL
R3 = H+2(PL)
Support(S1) = (2P)H
S2 = PH+L
S3 = L2(HP)
Tom DeMark's Pivot Points
Other popular method of calculating the pivots to forecast the
future of the trend is Tom DeMark's pivot points, which are not
pivot points exactly, but are the predicted lows and highs of the
period. To calculate DeMark's pivot points follow the rules
displayed on the right.
If Close < Open Then X = H+2L+C;
If Close > Open Then X = 2H+L+C;
If Close = Open Then X = H+L+2C;
New High = X/2L;
New Low = X/2H
Woodie's Pivot Points

Woodie's pivot points are similar to floor pivot points, but are
calculated in a somewhat different way, giving more weight to the
Close price of the previous period. You can use the given rules to
calculate Woodie's pivot points.
Pivot (P) = (H+L+2C)/4
Resistance (R1) = (2P)L
R2 = P+HL
Support (S1) = (2P)H
S2 = PH+L
Camarilla Pivot Points
Camarilla pivot points are a set of eight very probable levels
which resemble support and resistance values for a current trend.
The origin and the precise way to calculate these pivot points are
unclear. The most important is that these pivot points work for all
traders and help in setting the right stop-loss and take-profit
orders. The given rules are used to calculate Camarilla pivot
points.
R4 = (HL)1.1/2+C
R3 = (HL)1.1/4+C
R2 = (HL)1.1/6+C
R1 = (HL)1.1/12+C
S1 = C(HL)1.1/12
S2 = C(HL)1.1/6
S3 = C(HL)1.1/4
S4 = C(HL)1.1/2
Fibonacci retracement levels are a powerful Forex tool of a
technical analysis. The main idea behind these levels is the
support and resistance values for a currency pair trend at which
the most important breaks or bounces can appear. It is
recommended to set your stop-loss, take-profit as well as stop
and limit orders at these levels or around their values. This

Fibonacci calculator will organize your currency trading


experience and will allow you to be in the market full-time.
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