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Forex Pivot Points1.0

A free offline forex pivot points calculator.

Forex Pivot Points 1.0 facilities

Vendor
Peter Raichev Str
9010 Varna
Bulgaria
Vendor`s Webhttp://forexsb.com
OSWindows 98, Windows 2000, Windows XP, Windows Vista, 64-bit (x86_64)
LimitationsNo Install Support
Actualizedmore than year ago
LocalizedEnglish
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Forex Pivot Points manufacturer description

Forex 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 1.0 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 Calculators 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.
 QUICK DOWNLOADFree download Forex Pivot Points 1.0 FREE SOFTWAREFreeware is computer software that is available for use at no cost or for an optional fee.

Forex Pivot Points video tutorials

Forex Pivot Point Calculator and forex trading

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Forex Pivot Point Calculator and forex trading

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Forex Pivot Points permissions

Forex Pivot Points is freeware software and it may be freely distributed, provided that;
(1) Such distribution includes only the original archive. You may not alter, delete or add any files in the distribution archive.
(2) The distribution does not include a registration key.
(3) No money is charged to the person receiving the software, beyond reasonable cost of packaging and other overhead.

End user agreement for Forex Pivot Points

Forex Pivot Points
Carefully read this license agreement before using the product. Using the product indicates that you have read this license agreement and agree to its terms.
By using the product you accept the following License Agreement. If you do not agree to the conditions of this license, delete the product from your system.
This User License entitles you to use a full set of product functionality for an unlimited time on any single computer without purchasing a license key. The software is in use when it is either loaded into RAM or installed into the hard disk or other permanent memory. The product functionality provided by the User license is described in the Users Guide.
The software is protected by United States copyright laws, international treaty provisions, and all other applicable national laws. The software must be treated like all other copyrighted materials (e.g. books and musical recordings).
OTHER RESTRICTIONS
This License Agreement is your proof of license to exercise the rights granted herein and must be retained by you. LICENSEE may not rent or lease the Product. LICENSEE may not reverse engineer, decompile or disassemble the software program except to the extent such foregoing restriction is expressly prohibited by applicable law.
NO WARRANTY. ANY USE BY LICENSEE IS AT THE LICENSEE'S OWN RISK. PRODUCT IS PROVIDED FOR USE "AS IS" WITHOUT WARRANTY OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE AUTHOR DISCLAIMS ALL WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON INFRINGEMENT. THE AUTHOR IS NOT OBLIGATED TO PROVIDE ANY UPDATES TO THE PRODUCT.
NO LIABILITY FOR CONSEQUENTIAL DAMAGES
In no event shall the author be liable for any damages whatsoever (including, without limitation, incidental, direct, indirect and consequential damages, damages for loss of business profits, business interruption, loss of business information, or other pecuniary loss) arising out of the use or inability to use this product, even if advised of the possibility of such damages. Because some states/countries do not allow the exclusion or limitation of liability for consequential or incidental damages, the above limitation may not apply to you.
This freeware software may be freely distributed, provided that;
(1) Such distribution includes only the original archive. You may not alter, delete or add any files in the distribution archive.
(2) The distribution does not include a registration key.
(3) No money is charged to the person receiving the software, beyond reasonable cost of packaging and other overhead.