Search for:    
String match:      
Search in:        
Home Featured Submit Link To Us Contact Us



C: \ Business \ Investment Tools \ Forex Pivot Points 1.0
Forex Pivot Points 1.0 - Detailed Description Page
Screenshot not available Program ID: 25933
Author: Forex Software     All programs by this author
Downloads: 116
License: Freeware [?]
Cost (USD): -
Operating Systems: win9xme winnt4 winxp
Size: 144K
Release Status: new
Last Updated: 2008-08-20
Our Rating: Not rated yet...
Users Rating: not rated yet     (total votes: 0)
Feedback: Report broken download     Report spyware [?]
Download Forex Pivot Points 1.0

Forex Pivot Points iconForex 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.


Keywords: forex, pivot points,

Recent Changes: Not Established

Install Support: No Install Support

Supported Languages: English

Additional Requirements: Microsoft .NET Framework v2.0 or newer

PAD file URL: http://freeware.forexsb.com/fpp.xml



Latest Releases in Business - Investment Tools
DownloaderXL Package iconDownloaderXL Package 6.1.39   (2012-09-16)   update
Download free stock quotes, options, investment portfolio in Microsoft Excel
TrendProphecy Ultimate NQ iconTrendProphecy Ultimate NQ 4.0   (2012-06-22)   new
TrendProphecy Ultimate - Trend Trading SP500, Nasdaq 100, Dow Jones
Tax Lien Property Manager iconTax Lien Property Manager 3.1.15.0   (2012-03-23)   new
Research, manage your tax lien and tax deed portfolio
YourSim iconYourSim 1   (2012-02-11)   new
YourSim is a simple financial risk analysis tool feasible for non-academics
RebelBetting iconRebelBetting 4.4.1201.3109   (2012-01-31)   new
Turn sports betting into a profitable investment with sports arbitrage betting
One Click Decisionmaker iconOne Click Decisionmaker 2012   (2012-01-10)   new
Decisionmaker immediately makes a yes or no decision for you.
Personal Stock Monitor GOLD iconPersonal Stock Monitor GOLD 9.3.5   (2011-10-10)   update
Quickly Research, Track, Chart & Trade Stock Market Securities.
Cortex7 iconCortex7 1.04   (2011-10-03)   new
Freeware professional stock charting with optional neural network prediction.
RapidSP Day Trading Simulator iconRapidSP Day Trading Simulator 10.5.5.5   (2011-07-29)   update
Powerful, easy to learn day trading simulator for realistic trading experience
TickInvest Professional Edition iconTickInvest Professional Edition 1.1.0   (2011-06-19)   new
TickInvest is a professional stock charting and technical analysis software.




All Programs:
0 1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

All Authors:
0 1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

RSS Feeds:
(Current Category)
RSS Feed for New Releases and Updates New releases & updates
RSS Feed for New Shareware Releases New shareware releases
RSS Feed for New Freeware Releases New freeware releases
RSS Feed for Most Popular Software Most popular software
RSS Feed for Top Rated Software Top rated software
Feeds List in OPML Feeds list in OPML

Partner Sites:
Advertise on this site
eNuff Games
Excess Download

IE Guardian iconIE Guardian 7.0.0: Customize and protect your IE settings against malicious changes. POP3 Sweeper iconPOP3 Sweeper 2.0.2: Delete unwanted email messages from all your email accounts. Anti spam filter. KidSplorer Web Browser iconKidSplorer Web Browser 4.0.3: Protect your children on the internet with this safe web browser. Page Popup Maker iconPage Popup Maker 2.0.2: Create popups - page load/close, links, form buttons mouse over, image links.

Home | Featured | Submit | Link To Us | Contact Us | FAQ | About Us | Advertise