how to find values

hello
this is santosh from india. i want to use pivot calculator so please anybody tell me how to use pivot calculator and how find high, low and close values of the currency pairs. if anybody knows then please post here.

cheers,
k.n.v

hi santosh,

this might help you.

The calculation for the new day pivots are calculated from the High (H), low (L) and close (C) of the previous day.

 

1. Pivot point = P = (H + L + C)/3
   
2. First area of resistance = R1 = 2P - L
3. First area of support = S1 = 2P - H
4. Second area of resistance = R2 = (P -S1) + R1
5. Second area of support = S2 = P - (R2 - S1)

i know how to calculate but i dont how to find high, low and close values so please tell me how to find that values please give me one example

Hi santosh, and welcome to Forex Factory!

What trading platform are you using? Each platform has different ways of showing the OHLC prices (Open-High-Low-Close). If you happen to be using MetaTrader, you can put your mouse on the close tick of the bar and a dialog box will pop up and show you the prices. Also, in MetaTrader, you can click on the fourth button on your tool bar (when you mouse over, it says "Data Window". This will open a data window. You can then move your mouse all over the chart and see the OHLC values for your bars.

But, if you have something other than MetaTrader, then let us know and I'm sure someone here will be happy to help!

As for the Pivot Calculator, you should just be able to enter the OHLC values from above and click a button. Shouldn't be too hard to figure out. But let us know if you need more help.

Dial

thanks for giving and i have another doubt that is i use pivot calculator for forex only or use for stocks and commodities also please clarify this

You can use pivots for any market.

santosh, how long have you been trading? Are you new, and just getting started? I ask so we can know best how to help.

Dial

http://www.forextechniques.com/pivotcalc.html

SEE ALSO ATTACHED FILES


HOPE THESE CAN HELP

now i am trading using demo account since 3 months now i want to open a real account but i want to know how to use pivot calculator and fibonacci calculator and vantage point software. if u know the above calculators and softwares then please tell me sir if u have yahoo id or any other then please come to chat with me and clarify my doubts sir.

might want to check out this thread on pivots as well....

http://www.forexfactory.com/forexfor...ighlight=pivot

for the exact calculation, the post that gabroo_munda made above gives you the exact equation. work the equation a few times and plot the values on a chart, you will get it.

thanks for giving that thread and if u know about fibonacci calculator and vantage point software if u know then please post here.

there are 6 pivot points, gabroo_munda gave the equation for 4 of them. for all 6, look at the math in this code...

////// RESISTANCE //////
Piv = (highest(h,24) + lowest(l,24) + c)/3;
R1 = (Piv * 2) - lowest(l,24);
RangeD1 = highest(h,24) - lowest(l,24);
R2 = Piv + RangeD1;
R3 = R1 + RangeD1;

////// SUPPORT //////
Piv = (highest(h,24) + lowest(l,24)+ c)/3;
S1 = Piv * 2 - highest(h,24);
RangeD1 = highest(h,24) - lowest(l,24);
S2 = Piv - RangeD1;
S3 = S1 - RangeD1;

thanks for giving equation explanation and i want fibonacci calculator and vantage point software also so please tell me how to use fibonacci calculator and where the vantage point software available and how to use that software

well if you use MT4 you don't need a fibonacci calculator....it can draw it for you...i guess..most softwares can........on how to use it..maybe this link will help

http://www.investopedia.com/articles.../04/033104.asp

gabroo

hello sir,
this is santosh from india. i am one of the trader and i use pivot calculator but i have some doubts so please clarify it sir. i use pivot calculator for example i will give one example please tell me that is correct or not. the example is as follows:

09-11-2005 16.00 USD/JPY
open : 117.42
high : 117.59
low : 117.39
close: 117.55

then i found pivot points and pivot points are as follows:

Resistance 3 : 117.83
Resistance 2 : 117.71
Resistance 1 : 117.63
Pivot : 117.51
Support 1 : 117.43
Support 2 : 117.31
Support 3 : 117.23

the above are the pivot values then the pivot is greather than open price so then i will go to buy side it is correct or not please tell me sir. for example pivot point is lower tha open price then i will go to sell side it is correct or not please tell me sir. please clarify pivot calculator doubt sir.

i am waiting for your reply.

regards,
k.n.v.santosh

anybody know or not how to find pivot points because i dont know how to find pivot points but i post one messege on pivot points so anybody tell me that is correct or not

The situation is not so black-white as you describe, meaning pivot point lower than open price does not always mean that you have to sell. It only means that for the time-frame applied, the trend is falling (bearish). But rates can easily rise above the pivot level.
The resistance and support points indicate the most likely area where the rates will move.

But won't it be a good idea to study the subject a little bit further before opening a real account? The internet is one great source of all information you need. Try e.g. the Investopedia.com site, most informative.

Success!

santosh,

Its not that simple , piviot points are like magnets , price gets attacted to them, or in a uptrend tends to slow around them, what you need is a piviot point stratergy, i personally use piviot points with candle stic formations. I would sincearly advice you to take a course before you put a single Rs. into any market.


About vanatge point software, do you have it or do you plan to buy it, we can discuss stratergies on it if you have the software.


huskins