Pivot Points Calculator
Pivot Points is an indicator which, based on the price, allows to determine the support and resistance points, but also the general sentiment prevailing on the market. To calculate Pivot Points, you have to use extrema from a given period (Maximum and Minimum price) and the opening and closing price. Pivot points themselves define a kind of axis. When the price moves above this axis, the sentiment is bullish. In turn, when the price goes below, the sentiment is bearish.
Instruction:
First, you have to choose the time horizon for which you will calculate Pivot points (last month, week, day). Next, you must enter the maximum price from this period, the minimum price, the opening price and the end price of the period.