Formula to calculate Pivot points

Feb 17, 2011  at 8:34:00 PM


Formula to calculate Pivot points
Pivot points are very important levels and in most of the cases market respect these levels.
Formula to calculate Pivot Points
 P = Pivot Point
 H = High (Previous Day)
 L = Low (Previous Day)
 C = Close (Previous Day)

Pivot Point (P) = (H + L + C) / 3
Resistance 1 (R1) = (P x 2) - L
Resistance 2 (R2) = P + (H - L) 
Resistance 3 (R3) = 2 x P + (H - 2 x L)


Support 1 (S1) = (P x 2) - H
Support 2 (S2) = P - (H - L) 
Support 3 (S3) = 2 x P + (L - 2 x H)

Simply you can use excel to calculate these levels. download excel file to calculate Pivot Points