To use the Pivot Point Calculator, simply enter the previous days Open, Close, High and Low prices into the relevant text boxes and press the Calculate button. You will then get the Pivot Point, and Support and Resistance levels for the days trading.

You can read our Pivot Points Article if you would like to know a little bit more about Pivot Points.

To use the Downloadable Pivot Point Calculator, you need to be running Microsoft Windows with the MS .Net Framework 2.0. You can download the MS .Net Framework 2.0 here if you do not have it.

Please leave any comments and suggestions for the calculator.

Download Pivot Point Calculator Here.

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The Online Fibonacci Retracement Calculator is our latest addition to our popular online financial calculators. And like our other calculators, it is free to use!

Also, you can take a look at our Fibonacci Retracement Lines article if you would like to know a little bit more about what we are calculating here.

Please feel free to leave comments and suggestions below.

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One interesting thing about using Fibonacci Retracement Lines is that they fall into the group of technical indicators that attempt to predict what price the market is going to move to.

This is different to many other popular technical indicators, such as the EMA, MCAD and Bollinger Bands which all attempt to guess the market determined upon what recent price movements.

Unlike Fibonacci Retracement Lines, These indicators tend to provide the trader with information as to whether the market will be going up or down.

When we look at how Fibonacci Retracement Lines work on a chart we can see that we are being given the actual price that the stock will (possibly) move to.

The placement of the lines come from the famous Fibonacci number sequence that Leonardo Fibonacci da Pisa created on a trip to Egypt. This number sequence is 1, 1, 2, 3, 5, 8, 13, 21, 34, etc.. To continue the sequence, just add the last 2 numbers to create the next in the sequence.

From this sequence of numbers, you are able to calculate ratios. The ratios that are commonly used to calculate Fibonacci Retracement Lines are .382, .500 and .618.

To use these ratios, you must find the beginning and end of an uptrend or a downtrend. Then, from the most recent price, we can calculate the values to where the trend may retrace.

For instance, if a stock trends from $100.00 to $110.00, then we can find that the price movement for the trend is $10. Therefore we can now calculate that the Fibonacci Retracement Lines would be:

1. $10.00 x 0.382 = $3.82 = $110.00 – $3.82 = $106.18
2. $10.00 x 0.500 = $5.00 = $110.00 – $5.00 = $105.00
3. $10.00 x 0.618 = $6.18 = $110.00 – $6.18 = $103.82

So how can this information be used? Well, there is no sure way, but many traders would use the values to place their stop losses or buying points, or to identify that a trend is established.

Like all trading methods, you must be sure to research thoroughly how you plan to use them. Fibonacci Retracement Lines are no exception. If you fancy seeing if you can implement them into your trading style, then make sure you do some further research and testing.

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The author has developed the 5 EMA Forex System after testing a number of trading methods in unison to come up with one that is profitable and easily followed by the average trader.

The 5 EMA Forex System can also be applied to different trading styles including scalping, day trading and other short term trading using the Exponential Moving Average indicators along with other proven technical indicators.

The 5 EMAs Forex System has been released with screen shots to help you get up to speed and trading quickly. There are number of different exit strategies to match your trading style which are backed up with a money management strategy.

Also included with the 5 EMA Forex System are a couple of useful bonuses:

1. Expert Advisor – A valuable piece of software that can be set up to monitor the markets and alert you when tradeable opportunities occur.
2. The TraderBO Divergence System – Another trading system constructed by the author that can be used to profit in the markets.

You can take a look at some of the authors 5 EMAs Forex System Trading Results here to give you some idea of how following this trading system can improve your profits.

Take a look at the 5 EMAs Forex System website to see if it would be suitable for you. Also, bear in mind that it is important to understand your trading system and to back up your trading with a solid trading plan and money management.

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In fact, the nature of Pivot Points would probably dictate that they would only be of any real use to the day trader as they are dependant upon the previous days prices and are therefore good for only 1 day of trading.

Pivot Points work by indicating points of support and resistance for the price of a financial instrument that is being traded.

When the price reaches a pivot point, it will either bounce back from it (indicating support or resistance) or continue beyond it.

If the price continues beyond the Pivot Point, then the trader can enter the market with the knowledge that the price will statistically continue to rise or fall beyond the price indicated by the Pivot Point.

So how do we work out how to find where the Pivot Points occur? Well there are several calculations for calculating the price of Pivot Points, one of the most common being:

R2 = P + (H – L) = P + (R1 – S1)
R1 = (P x 2) – L
P = (H + L + C) / 3
S1 = (P x 2) – H
S2 = P – (H – L) = P – (R1 – S1)

Where:
P = Pivot Point
R1 = 1st Resistance Level
R2 = 2nd Resistance Level
S1 = 1st Support Level
S2 = 2nd Support Level
H = Previous Days High
L = Previous Days Low
C = Previous Days Close

So the Pivot, Resistance and Support lines can now be plotted onto the day trading chart and acted upon when the price reaches them.

If you are thinking of giving Pivot Points a try, be sure to test and plan how you are going to use them before implementing them into your trading.

UPDATE : You can now use the free Online Pivot Point Calculator here.

UPDATE : You can now download the free Pivot Point Calculator Software here.

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One of the great things about the Moving Average is that it is entirely objective – there is no arguing which direction it is going and is not open to debate in the same way as some other technical indicators. Another attractive feature of the Moving Average is its simplicity to use and interpret it.

In its basic form, there is the Simple Moving Average (SMA). An example could be a 20 day SMA – SMA(20). This would be calculated by taking the sum of the prices of the instrument for the last 20 days and dividing them by 20.

A slightly more complicated (and perhaps more useful) form is the Exponential Moving Average (EMA). This is calculated by applying a percentage of the most recent price to its preceding price – which results in a weighting of the Moving Average to the current price as well as a greater impact on it.

There are many ways to impliment the Moving Average into your trading style or trading system – some examples are:

• Using a 200 day Moving Average as an indicator of the markets current trend.
• Using a 40 day Moving Average as an exit signal – If the price falls below this Moving Average then it is time to sell.
• Using a Moving Average as a filter – not purchasing a stock until its price is 10% greater than its 20 day Moving Average
• Using a pair of Moving Averages for a cross-over system – When the 10 day Moving Average crosses to be above the 30 day Moving Average, then buy the stock – When it crosses below, then sell.

You will find that there are many different uses fot the Moving Average and that many different investors use them for many different reasons – And if you think it suitable to your trading style, that it is an indicater which warrents further research.

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