Pivot Points:

Pivot Points fall under support and resistance category of indicators. A support will not let the stock fall further and a resistance will not let the stock to rise further. Pivot Points use the prior period’s high, low and close to estimate future support and resistance levels.

Pivot Points for 1-, 5-, 10- and 15-minute charts use the prior day’s high, low and close

Pivot Points for 30-, 60- and 120-minute charts use the prior week’s high, low, and close

Pivot Points for daily charts use the prior month’s data

Pivot Points for Weekly/ Monthly charts use the prior year’s data

Pivot Point (P) = (High + Low + Close)/3
Support 1 (S1) = (P x 2) - High
Support 2 (S2) = P  -  (High  -  Low)
Support 3 (S3) = Low – 2(High – PP)
Resistance 1 (R1) = (P x 2) - Low
Resistance 2 (R2) = P + (High  -  Low)
Resistance 3 (R3) = High + 2(PP – Low)

Download Pivot Points Excel Sheet