# Types of Pivot points

Classic or standard pivot points

It is calculated depending on day’s high, low and closing price and gives equal weight to all these prices. The resistance and support levels are then calculated based on the pivot point levels with reference to high and low of the day.  P= (H+L+C)/3

Camarilla pivot points

This is also calculated the same way as the standard pivot point the way support and resistance levels are calculated is very different.

It uses the previous day’s close and range to calculate the support and resistance levels and calculates for 8 major levels (4S&4R)  each multiplied by the multiplier.

Price tends to reverse to the previous days close as it approaches the support and resistance levels. You should buy or sell when price hits the 3rd support or resistance. If it goes through the 4th level then the trend is more strong.

R4 =C+ ((H –L) × 1.5000)

R3 =C+ ((H—L) × 1.2500)

R2 =C+ ((H—L) × 1.1666)

R1 =C+ ((H –L) × 1.0833)

S1 =C –((H—L) × 1.0833)

S2 =C—((H__L) × 1.1666)

S3 =C—((H—L) × 1.2500)

S4 =C—((H—L) × 1.5000)

C—closing price

H—high

L—low

Woodie’s pivot point

Its calculation gives more weight to the closing prices of the period and the way support and resistance levels are calculated are different.

R2= PP + High –Low

R1 = (2×PP)—Low

PP = (High +Low +2C)/4

S1= (2×PP) –High

S2 = PP—High +Low

C—closing price.

Fibonacci pivot points

Calculated in the same way as the classic or camarilla but the support and resistance levels are calculated using the levels compared to pivot points levels.

R3= PP+ ((high—low) ×1.000)

R2 =PP + ((high—low) ×0.618)

R1 = PP + ((high—low) ×0.382)

PP = (H + L + C)/3

S1 =PP – (high—lwow) ×0.382)

S2 = PP – ( high—iow) ×0.618)

S3 = PP – (high—low) ×.1.000)

C—closing price

H—high

L—low

First calculate the pivot point using the standard method and then multiply the previous day’s range which is the difference between the high and the low of the previous day with the corresponding Fibonacci levels of .382, .618, 1.000.

Add or subtract the figures from the pivot point to get the Fibonacci pivot point.

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