Pivot Point Calculator

We often hear some seasoned traders talking about an equity price nearing a certain support or resistance level. These levels are widely used to predict the market movement. How are these support and resistance levels derived? It is the use of pivot point. Although a full trading book may consist of many mathematics formulas and studies such as Fibonacci arcs, Gann fans, moving averages, and others, pivot point is still one of the commonly used strategies in the financial markets.