# How to Calculate Pivot Points

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If we have previously discussed what is a Pivot Point and the difference with Fibonacci, on this occasion we will discuss how this pivot point is calculated. Pivot points are calculated using the High, Low and Close prices of the last trading session. Because the forex market is open 24 hours, most traders use the New York session closing time, which is 4:00 PM EST.

### Pivot Point Calculation Formula

Pivot Point (PP) = (High + Low + Close) / 3
Then the Support and Resistance levels are calculated by the formula:

#### First Resistance and Support

First resistance (R1) = (2x PP) – Low
First support (S1) = (2x PP) – High

#### Second Resistance and Support

Second resistance (R2) = PP + (High – Low)
Second support (S2) = PP – (High – Low)

#### Third Resistance and Support

Third Resistance (R3) = High + 2 (PP – Low)
Third support (S3) = Low – 2 (High – PP)
There are several things to keep in mind that there are several trading platforms that focus on intermediate levels or mid points. Basically both are mini levels between the main pivot point and support and resistance levels as shown in the following picture:
How about it You do not need to be confused to calculate all support and resistance levels along with the pivot points because all of them are provided by the trading platform, bro 🙂
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