Pivot Point CalculatorThe FormulaThe formula for creating pivot points is based on 4 figures you need to obtain from yesterday's chart. You just need these values which can be obtained by looking at yesterday's candle on a daily chart:HighLowOpenCloseThe key figure in your pivot point calculator is the central pivot point. This value is obtained by adding the High, Low and Close figures together and dividing the total by 3. That's it! You now have your central pivot point.This pivot point now gives you the basis for calculating the other levels such as R1, R2, S1, and S2.As the distance between these levels can sometimes be quite significant,...
