Pivot Point Calculator
A Pivot Point is a significant price level that is used by traders as a predictive indicator of market movement. A Pivot Point is calculated as an average of several prices (high, low, open, close) extracted from the prior trading period.
Traders use pivot point calculator to identify key support and resistance price levels. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish.