What is Pivot Point in Trading and How to use Pivot Point calculator

Price is what is happening right now and is either leading or coinciding but never lagging. Price action is all about detecting patterns and finding support and resistance levels. One way to do this is through simple mathematical calculations referred to as Pivot Points. Pivot points are calculated through a five-point system, in which the previous day’s high, low, and close prices, along with two support and two resistance levels, derive a pivot point. Demark Pivot Points give us another example of an exponential trading system which places greater emphasis on price activity that is most recent. Many traders that consistently use Demark Pivot Points will also use DeMark’s TD Line trend following system in order to find support and resistance levels during intraday market periods.