Classic, Woodie, Camarilla and Fibonacci pivots with support and resistance.
A pivot point calculator turns the previous session's high, low and close into a central pivot plus support and resistance levels for the next session. This one offers four systems, Classic, Woodie, Camarilla and Fibonacci, and can load the previous day's prices for 13 instruments, including major forex pairs, gold, silver and Bitcoin.
PP = (High + Low + Close) ÷ 3
High, Low and Close are from the last completed period; the range is High − Low.
Yesterday EUR/USD had a high of 1.0900, a low of 1.0800 and a close of 1.0880. With the Classic system:
Switch to Camarilla and R3 becomes 1.0880 + 0.0100 × 1.1 ÷ 4 = 1.09075, with S3 at 1.08525.
Many day traders read price above PP as a bullish bias for the session and price below it as bearish. Camarilla traders often fade moves at R3 and S3 and watch R4 and S4 for breakouts. Treat each level as a zone to watch, not an exact turning point.
Learn the method in depth in the pivot points guide, see how the levels fit a wider plan in support and resistance and day trading forex. You can also map swing levels with the Fibonacci calculator.
Classic pivots are the most widely watched, so their levels often attract the most orders. Camarilla levels sit close to the prior close and suit intraday range trading. Woodie gives the close extra weight, and Fibonacci spaces levels by Fibonacci ratios of the prior range.
Enter the high, low and close of the last completed period. For intraday trading that is usually the previous day; for swing trading you can use last week's or last month's figures. The Load previous day button fills in the previous daily bar for the chosen instrument.
PP is the central pivot, the average of the prior high, low and close. Price holding above it suggests buyers have the upper hand for the session, and below it sellers. It often acts as support or resistance when price comes back to it.
For Woodie pivots the calculator gives two levels on each side, R1, R2, S1 and S2, the ones most traders use with that system. Classic and Fibonacci show three on each side, and Camarilla shows four, plus the classic PP for reference.