|Standard pivot||Woodie pivot||Camarilla pivot||Demark pivot|
Pivot Points are a technical analysis indicator which is applied to identify reversal points in all time frames. You can specify important daily, weekly, and monthly support and resistance levels with the aid of pivot points.
Select your "Time Interval" and "Symbol" and Pivot Points will automatically be calculated below. You can also switch to "Manual" mode if you want to input your OHLC prices.
The floor pivot points are the most common type of pivot. The pivot point is interpreted as the primary support/resistance level - the point at which the main trend is recognized. First-third level resistance and support points serve as additional indicators of possible trend reversal or continuation.
Woodie's pivot points resemble the floor pivot points; the difference is that more weight is allocated to the Close price of the last period.
Camarilla pivot points are a set of eight possible levels which is similar to support and resistance values for a current trend. These pivot points work for all traders and help in setting the right stop-loss and profit-target orders.
Tom DeMark's pivot points are one of the methods of calculating the pivots to predict the future of the trend is which are not pivot points exactly but are the predicted lows and highs of the period.
Technically, pivot points are a combination of calculations for the: open, close, high & low, using them in the calculator is very easy.
Select the currency pair you plan to trade (EUR/USD in this example)
Choose the time frame (in this example, we will use the 4H Time Frame)
Enter the: High, Low, Close, and Open for the last closed candle in the Pivot Point Calculator (see example 1)