Summary of "💰Pivot Points Calculator Tool – 150+ Instruments (Across 6 Markets)💰"
The video presents an advanced Pivot Points Calculator Tool developed by the Trading Finder Group, designed to assist financial market traders in identifying key support and resistance levels. The tool supports over 150 instruments across six markets: forex, digital currencies, indices, metals, energy, and stocks. It operates on 10 different time frames, ranging from 1 minute to 1 year.
Main Financial Strategies and Features:
- Five Pivot Point Calculation Methods:
- Fibonacci Pivot Points: Incorporate Fibonacci retracement levels in standard pivot calculations.
- Demark Pivot Points: Adjust pivot points based on the relationship between opening and closing prices.
- Camarilla Pivot Points: Favored for short-term and daily trading due to higher accuracy.
- Woody Pivot Points: Popular among day traders and scalpers, emphasizing the closing price.
- Floor Pivot Points: A traditional and widely used method in the market.
- Market Coverage: Forex, digital currencies, indices, metals, energy, and stocks.
- Time Frames: From 1 minute up to 1 year, allowing traders to analyze different intervals.
- Input Modes:
- Automatic mode using live data feed.
- Manual mode allowing traders to input Open, Close, and Low (OCL) values themselves.
- Output: Calculates and displays key pivot values, resistance, and support levels for forecasting price movements.
Step-by-Step Guide to Using the Tool:
- Select the market and instrument.
- Choose the desired time frame (1 minute to 1 year).
- Decide on the pivot point calculation method (Fibonacci, Demark, Camarilla, Woody, Floor).
- Input data manually or activate automatic mode for live data.
- Review the calculated pivot points, support, and resistance levels.
- Use these levels for trading decisions and forecasting.
Presenters / Source:
- Trading Finder Group (no individual presenter named)
Category
Business and Finance
