Forex Pivot Points is a free offline pivot points calculator. Forex pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa. Free to download, use and distribute, no registration is needed.
Dec 26, 2011 12:07:26
Windows 98, Windows ME, Windows NT, Windows 2000, Windows XP, Windows 2003, Windows Vista
Forex Strategy Builder 188.8.131.52 Forex Strategy Builder is a freeware CFD, Indexes and Forex strategy back tester with a complete visual interface. It provides tools as a scanner, an optimizer and an automatic strategy generator. It includes one hundred technical indicators.
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.
Description: 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 – Low;
R2 = P + (R1 - S1);
R3 = High + 2 * (P - Low);
S1 = 2 * P - High;
S2 = P - (R1 - S1);
S3 = Low – 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.
Free Pivot Points 2-1-4 Free Advanced Pivot Point Calculator is packed with Advanced Formula for getting support and resistance in any stock commodities forex market of the world Any trader can use it
Falcofx Metatrader 4.0 Online Forex Trading Community - A stable offshore forex trading enviroment where all the best exeecution, educational and trading tools are available Online Forex Trading
What's the point of NHS IT? No one knows UK Government spending on IT is under the microscope, with a new report from the Institute of Public Policy Research highlighting significant failings in the multi-billion pound NHS National Programme for IT (NPfIT).