# Copy Formula From One Cell To Another In Excel Forex Pivot Point Calculator- How To Make Your Own Or Download Free

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The pivot point calculator is used daily by many successful traders to identify key support and resistance levels where they can expect price to respond.

You can download a free pivot point calculator from other web sites on the net by doing a simple search in your favorite search engine.

However, I like to use a pivot point calculator that I can do with the real currencies that I like. I also like to have additional pivot levels marked for reference.

Microsoft Excel’s spreadsheet lends itself very easily to making your own pivot point calculator. (Or if you’d like to download a free copy of the one I use listed in the resource box below).

The formula

The formula for creating pivot points is based on 4 numbers that you should find in your Forex charting software. You just need these prices which can be found by looking at yesterday’s candle on the daily chart:

• At the top
• On the floor
• Open up
• Shut up

The most important feature on your pivot calculator is the pivot point. This value is obtained by adding the High, Low and Close numbers together and dividing the whole number by 3. That’s it! Now you have your center pivot.

This pivot point now gives you the basis for calculating other levels such as R1, R2, S1, and S2.

As the distance between these levels can sometimes be very significant, many traders place intermediate levels on their charts and refer to them as M1, M2, M3, and M4. They are arranged as follows:

• M1 – Between S1 and S2
• M2 – Between S2 and the Central Pivot Point
• M3 – Between the Center Pivot Level and R1
• M4 – Between R1 and R2

The formulas for other levels are:

S1: (Pivot Center x 2) minus High

S2: Center Pivot Area minus (R1 minus S1)

R1: (Pivot Center x 2) take the Bottom

R2: (Center Pivot Area minus S1) and R1

Once these levels are calculated it will be easy to place the M levels in your pivot calculator.

M1: S1 minus S2 divided by 2

M2: Center Pivot Area minus S1 divided by 2

M3: R1 minus the Center Pivot Area divided by 2

M4: R2 minus R1 divided by 2

In the resource box below there is a link to a spreadsheet for the six major currency pairs. I use this pivot point calculator as part of my preparation for each day’s trading session.

I simply call up my daily chart, hovering my mouse over yesterday’s candle which automatically gives me a pop-up window showing the High, Low, Close and Open prices.

I just type them into the appropriate cells in the spreadsheet and all the pivot points are automatically calculated for me.

After this I insert horizontal lines to mark the main pivot levels on the 15 minute chart. This allows you to see the general area of ​​the day’s work price.

Sometimes the price will move beyond the average of the day and pass through R2 or S2. In the spreadsheet referenced below, additional pivot levels are calculated to provide guidance for those trading days.

Pivot points are one of the main tools traders use to determine where price is likely to move and where it may stop. Use the formulas above to create your own pivot point calculation or use the free download below.

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