Fibonacci pivot point calculator

About Fibonacci Number

The Fibonacci number can be appreciated in many different ways. From the standpoint of calculation. They are easy to understand e.g. 1+1 = 2, 2+1=3 , 3+2=5 , 5+3=8, 13 ,21 , 34, 55 and so on. The Fibonacci number appeared in nature surprisingly often. The number petals in a flower is typically a Fibonacci number. or no of the spirals on a sunflower is often the Fibonacci number, In fact, there is much more application of Fibonacci number but what I find the most inspiring about them the beautiful number pattern they display.

In the stock market, traders use pivot points to find the reversal point in the stock market. It helps you to find the directional and range of trade in the stock market. If the market continues to trade above the pivot point it signifies the uptrend in the market. If the index or stock continues to trade below the pivot point level it signifies the downtrend in the market.

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Procedure for calculating the Fibonacci Pivot point

Download the excel sheet
Open Fibonacci retracement calculator excel sheet
There are two sections one if stock close in green and other is when stock close in red
If stock close in green enter the previous day high and low price in the column in the top section
If stock close in Red enter the previous day high and low price in the column in the bottom section
The key level in Fibonacci pivot point is 61.8%
61.8% level is created by 21/34 = 0.6176 and 55/89 = 0.6176
A Fibonacci number is used to predict the reversal point
Therefore the 61.8% level is the reversal level
The Fibonacci level is used to find support, identify resistance, place stop-loss, and set target order.

Fibonacci pivot point calculator