Forex Pivot Points 1.0

Forex Pivot Points 1.0


Size:143.4 KB

Date Added:05 March, 2009

Author: Forex Software

Category: Business  >  Applications



Forex pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa. They work simply because many individual forex traders and investors use and trust them, as well as bank and institutional traders. It is known to every trader that the pivot point is an important measure of strength and weakness of any market.Floor traders love pivot points. They act as magnet for price movements If you observe how price move during any trading session, you ll notice that price often stalls or stops at pivot points before resuming its movement. To calculate daily forex pivot points you need High, Low, and Close Price of the previous day. Simply set these three prices in the Forex Pivot Point Calculator and it will give the values.Here are the used formulas for calculating daily pivot points:P = (High + Low + Close) / 3; R1 = 2 * P OCo Low; R2 = P + (R1 - S1); R3 = High + 2 * (P - Low); S1 = 2 * P - High; S2 = P - (R1 - S1); S3 = Low OCo 2 * (High - P)As you can see from the above formula, just by having the previous day s high, low and close you eventually finish up with 7 points, 3 resistance levels, 3 support levels and the actual pivot point.If the market opens above the pivot point then the bias for the day is long trades. If the market opens below the pivot point then the bias for the day is for short trades. The three most important pivot points are R1, S1 and the actual pivot point. The general idea behind trading pivot points is to look for a reversal or break of R1 or S1. By the time the market reaches R2, R3 or S2, S3 the market will already be overbought or oversold and these levels should be used for exits rather than entries.Forex Pivot Points calculator is compatible with Microsoft Windows 98/Me/2000/XP/Vista. Net Framework v2 is required to run the program. Free to download, use and distribute - no registration is needed.

Systems: Windows

Tags: pivot point then   forex pivot point   pivot points   pivot point   forex pivot   previous day   point then   market opens   high low   actual pivot   pivot  

Reviews of Forex Pivot Points

- required fields

More Downloads of Forex Software

1. Forex Strategy Builder Forex Strategy Builder is a complete solution for building and testing CFD, Indexes and Forex trading strategies. It is free to use and distribute. Forex Strategy Builder's user friendly interface allows you to create and back test a profitable... DetailsDownload  - Screenshot

2. Forex Strategy Trader Forex Strategy Trader is a free trading platform working via Meta Trader system. It can automatically send and execute trading orders based on a predefined strategy. The visual interface allows users to create their own strategies in a few clicks... DetailsDownload  - Screenshot

3. Market Comments Monitor 1.0 Market Comments Monitor is a freeware program. It shows you automatically updated stock and Forex market comments, analysis and events. This tool can be very useful for Forex or stock traders. It is wight ware and free. It even does not need to be... DetailsDownload  - Screenshot

4. Live Currency Converter 1.0 Live Currency Converter helps you to convert the amount of one currency to another. It uses live Forex rates and updates their conversion prices via internet. Live Currency Converter is very simple to use. You need to fill up the money amount, to... DetailsDownload  - Screenshot

5. Live Forex Rates 1.0 Live Forex Rates is an automatic real time Forex rates monitor. It does not need installation. Simply start it and it will show you the major foreign exchange rates constantly updated from internet. The available pairs are EUR/USD, USD/JPY,... DetailsDownload  - Screenshot

Related Downloads

1. Free Pivot Point Calculator 1.0 This Pivot Point Calculator will calculate your Pivot Points quickly and simply for free. Requirements: Microsoft .NET Framework 2.0 DetailsDownload  - Screenshot

Tags: pivot points   forex   futures   stocks   money  

2. Pivot4U 1.2 Pivot4U Add-in enhances Microsoft Excel with a new useful feature - editable Pivot tables. A Pivot table is a data summarization tool that, among other functions, can automatically sort, count, and total the flat data stored in one table or... DetailsDownload 

Tags: pivot table   pivot4u add   microsoft excel   table   pivot  

3. Rotate Multiple Images Software 7.0 Rotate many images at once by 90, 180, or 270 degrees in a clockwise or counterclockwise direction. Images will change in filesize. DetailsDownload  - Screenshot

Tags: Rotating Image Files   Batch Resize   converting   pics   pictures  

4. Virto Pivot View for SharePoint 1.0.0 Virto Pivot View is intended for visualization and convenient management of large amounts of data in Microsoft SharePoint 2007 and 2010.The component, which can be easily integrated as a control into a SharePoint site, displays vast collections of... DetailsDownload  - Screenshot

Tags: sharepoint   web part   component   pivot   Pivot View  

5. Advanced SEO for CRE Loaded 4.1.9 Advanced SEO for CRE Loaded - CRE Loaded module is a powerful replacement for standard CRE Loaded SEO links feature with unique features for best Search Engine Optimization of your site. With help of this module you will be able to fully control... DetailsDownload  - Screenshot

Tags: search engine optimization   cre loaded module   best search engine   cre loaded   search engine   loaded module   engine optimization   best search   links   loaded   cre  

6. Advanced PowerPoint to Flash Converter U 3.0 Presentation tools: PPT2Flash software, PPT to Flash software, PowerPoint to Flash software, Create engaging flash or swf presentation, demonstration, training course, and home slide show. Convert PPT with PowerPoint Converter software, The... DetailsDownload  - Screenshot

Tags: flash support sounds   flash support   convert powerpoint   flash retain   swf file   support sounds   powerpoint converter   frame rate   flash software   flash movie   each slide  

Popular Downloads

1. Addintools Create 2.5 Build hundreds of combines of Charts, Diagrams, AutoShapes, Drawings, WordArts, Reports, Tables, Cards, Labels, Forms and Sheets in Microsoft Excel just a minute.You could input complicated formulas into Diagram, AutoShape, WordArt, Drawing and... DetailsDownload  - Screenshot

Tags: marketing analysis   how many   just   charts   how   wordarts   tables   sheets   rows   reports  

2. School Management System 2.3 Many education professionals still use multiple software programs to collect and store data. They don't realize that they have a better option. School management systems like Schoex enable educational institutions to increase the productivity and... DetailsDownload  - Screenshot

Tags: School Management System   school Management Software   School Software  

3. WPS Office 2014 Beta 3 Free office suite provided by WPS Office(formerly Kingsoft Office) is a practical alternative to expensive office software. WPS Office lets you view, create and share office documents that are fully compatible with MS Office. The newly released... DetailsDownload  - Screenshot

4. Simpo PDF to Text 2.3.1 Simpo PDF to Text is an easy-to-use PDF to Text Converter. As an efficient PDF to Txt Converter, it not only supports to extract plain text from PDF to Text, but also allows you to convert a batch of PDF files to Text with very high speed at a... DetailsDownload  - Screenshot

Tags: Pdf To Text Converter   Convert Pdf To Text   pdf To Txt   pdf converter  

Top Software

New Software

Top Search

Latest Reviews