Use our pivot point calculator to find support and resistance levels for your stock, futures, and forex trades. Improve your strategy with precise calculations.
Pivot Point Calculator is a technical analysis tool available on Sharecalculatornepal.com that helps traders and investors identify potential support and resistance levels in the market. This calculator is based on the pivot point theory, which suggests that the price of an asset tends to experience a change in direction after it reaches a certain level.
One of the key benefits of using the Pivot Point Calculator is that it helps traders and investors make informed decisions about their trades. By identifying potential support and resistance levels, traders can set stop-loss and take-profit orders accordingly and minimize their risks.
In addition, the Pivot Point Calculator is easy to use and does not require any technical knowledge or expertise. It is a user-friendly tool that can be accessed from any device with an internet connection.
Overall, the Pivot Point Calculator is an essential tool for traders and investors who want to use technical analysis to make informed decisions about their trades. It is available for free on Sharecalculatornepal.com and can be accessed anytime, anywhere.
How to use Pivot Point Calculator?
To use the Pivot Point Calculator, follow these steps:
- Go to Sharecalculatornepal.com and locate the Pivot Point Calculator.
- Enter the previous day’s high price in the “High” field.
- Enter the previous day’s low price in the “Low” field.
- Enter the previous day’s close price in the “Close” field.
- Enter the current day’s open price in the “Open” field (if applicable).
- Click on the “Calculate” button to obtain the results.
The calculator will display the pivot point and the resistance and support levels in the table below the inputs. The levels are calculated using different methods, such as the FLOOR, WOODIE, CAMARILLA, DEMARK, and FIBONACCI methods.