Fibonacci Pivot Point Calculator

Fibonacci Pivot Points Formula:

\[ \begin{align*} \text{Pivot Point (P)} &= \frac{H + L + C}{3} \\ \text{Support 1 (S1)} &= P - 0.382 \times (H - L) \\ \text{Support 2 (S2)} &= P - 0.618 \times (H - L) \\ \text{Resistance 1 (R1)} &= P + 0.382 \times (H - L) \\ \text{Resistance 2 (R2)} &= P + 0.618 \times (H - L) \\ \end{align*} \]

Pivot Point (P):

Support 1 (S1):

Support 2 (S2):

Resistance 1 (R1):

Resistance 2 (R2):

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1. What Are Fibonacci Pivot Points?

Fibonacci Pivot Points combine traditional pivot points with Fibonacci ratios (0.382 and 0.618) to identify potential support and resistance levels in trading. These levels help traders anticipate price movements and make informed decisions.

2. How Does the Calculator Work?

The calculator uses the following formulas:

Where:

\( H \) — Highest price of the previous period
\( L \) — Lowest price of the previous period
\( C \) — Closing price of the previous period
0.382 — First Fibonacci ratio (38.2%)
0.618 — Second Fibonacci ratio (61.8%)

Explanation: The pivot point serves as a base, while the Fibonacci ratios create support and resistance levels around it.

3. Importance of Fibonacci Pivot Points

Details: These levels are widely used by traders to identify potential reversal points, set stop-loss orders, and determine profit targets. They work well in trending markets and can be applied to any time frame.

4. Using the Calculator

Tips: Enter the high, low, and close prices from the previous trading period (daily, weekly, etc.). The calculator will automatically compute the pivot point and Fibonacci support/resistance levels.

5. Frequently Asked Questions (FAQ)

Q1: What time frame should I use for pivot points?
A: Fibonacci pivot points can be calculated for any time frame - daily (most common), weekly, monthly, or even intraday periods.

Q2: How accurate are these levels?
A: While not perfect, many traders find these levels significant because many other traders are watching the same levels, creating self-fulfilling prophecies.

Q3: Should I use these alone for trading decisions?
A: No, they should be used in conjunction with other technical indicators and fundamental analysis for best results.

Q4: Why use 0.382 and 0.618 specifically?
A: These are key Fibonacci ratios derived from the Fibonacci sequence, often found in natural patterns and market movements.

Q5: Can I use these for cryptocurrencies?
A: Yes, Fibonacci pivot points work with any liquid financial instrument including stocks, forex, commodities, and cryptocurrencies.