Woodies Pivot Point level calculator
Calculate your risk reward ratio with trading technique of woodies and execute your trade in Equity, Commodity and also in Forex with our web based woodies pivot calculator for getting proper trading level.
Formula includes in the Woodies Calculator.
Calculation of Resistance Levels
- R1= (Pivot Point*2)-Low
- R2= (Pivot Point + High - Low)
- R3= (High + 2 * (Pivot Point – Low ))
Pivot Point:
- Pivot Point= (High + Low + (Close * 2 )) / 4
Calculation of Support Levels
- S1= ((Pivot Point * 2 ) - High ))
- S2= (Pivot Point - High + Low )
- S3= (Low - 2 * (High - Pivot Point))
Where R stands for Resistance and S for Support.
Calculate your trading levels Now !!!
You may also check fibonacci pivot calculator based on fibonacci retracement level.