PIVOT CALCULATORS
Pivot calculators are powerful tools for intraday traders as they provide support and resistance levels that can be used to make informed trading decisions. In addition to the standard pivot points, there are several other pivot point systems available, including Camarilla, Demark's, and Woodie's.
The Camarilla pivot point system is similar to the standard pivot point system but uses a different formula to calculate the pivot points. Camarilla pivot points are often used by intraday traders who are looking for short-term trading opportunities.
Demark's pivot point system uses a complex formula that takes into account the opening price as well as the high, low, and closing prices of the previous day to calculate the pivot points. Demark's pivot points are often used by traders who are looking for longer-term support and resistance levels.
Woodie's pivot point system is similar to Demark's but uses a simpler formula that only takes into account the high, low, and closing prices of the previous day. Woodie's pivot points are often used by traders who are looking for shorter-term support and resistance levels.
Overall, pivot calculators that offer multiple pivot point systems, including Camarilla, Demark's, and Woodie's, can be a powerful tool for intraday traders who are looking for support and resistance levels to help them make trading decisions.
