Itâ€™s a pleasure for me to announce the launch of Pivot Points on our trading platform, Fyers Web. I understand that this has been long overdue due to various factors involved in the execution of this feature. However, I hope you will like it and think itâ€™s worth the wait. Based on the popular feedback of our thousands of users, we have worked alongside TradingView by giving them our inputs to able to deliver the best features to our clients. Some of the pivot point features available are unique in India and exclusively available on Fyers Web trading platform. You can view our video tutorials on this topic on our Youtube channel in both, English &Â Hindi.Â
How are pivot points useful?
For those who are not aware, pivot points are used to determine key price levels which can cause a reaction by buyers and sellers during the trading day. Originally, they were created by the floor traders of the exchanges to quickly identify key levels. These price levels act as support and resistance lines and can also indicate levels where shortterm reversals can occur and do often occur on a regular basis. Pivot points are commonly used by all types of traders but particularly those who are more interested in day trading & shortduration swing trading. Pivot points can be used in multiple timeframes and there are no fixed standards with regards to its usage as a technical analysis tool. They are most useful when combined with other technical analysis indicators/tools to identify momentum such as chart patterns, stochastics/RSI/MACD etc. Since they are so widely used by day traders around the world, the price levels can have a selffulfilling prophecy in the shortterm.
Interpreting Pivot Points:
They can be useful in identifying the overall market trend and the predictable range. On days when the market volatility is high, the higher support & resistances should be considered as the potential range and on days when the market volatility is low, the lower support and resistance levels should be considered as the potential range during the day. Pivot point levels are also widely used to enter and exit trades. Usually, if the price breaks out of the uppermost resistance or the lowermost support, there might be a further movement in the same direction. However, if the prices are within their normal range, then these levels can indicate reversals.
List of Pivot Points features on Fyers Web:
In total, we have 6 types of Pivot Points on our trading platform which is the highest on any trading platform in India. While most retail traders use standard pivot points, we have several variants for you. These will help you analyze trading opportunities using different levels as reference points. The different types of pivot points are as follows with the appropriate explanation for each of them:

Traditional
Â These pivot points are calculated using the previous periodâ€™s closing prices and it is a simple average of the low, high and close. The support & resistance lines are derived from the pivot points. For instance, in this case:
– Pivot Point (P) = (Low + High + Close) / 3
– Resistance 1 (R1) = (Pivot * 2) – Low
– Support 1 (S1) = (Pivot * 2) – High
– Resistance 2 (R2) = Pivot + (High – Low)
– Support 2 (S2) = Pivot – (High – Low)
– Resistance 3 (R3) = Pivot * 2 + (High – 2 * Low)
– Support 3 (S3) = Pivot * 2 – (2 * High – Low)
– Resistance 4 (R4) = Pivot * 3 + (High – 3 * Low)
– Support 4 (S4) = Â Pivot * 3 – (3 * High – Low)
– Resistance 5 (R5) = Pivot * 4 + (High – 4 * Low)
– Support 5 (S5) = Â Pivot * 4 – (4 * High – Low)

Fibonacci
The starting point of Fibonacci pivot points are the same as standard pivot points. However, they use the Fibonacci series numbers in the calculation of support and resistances unlike standard pivot points. It uses the previous dayâ€™s range (High – Low) with its corresponding Fibonacci level. Fibonacci series is used in multiple different indicators to project potential price levels using retracements, extensions, Arcs etc. This is yet another variant of the Fibonacci indicators available. The calculations are as follows:
– Pivot Point (P) = (Low + High + Close) / 3
– Resistance 1 (R1) = Pivot + 0.382 (High – Low)
– Support 1 (S1) = Pivot – 0.382 (High – Low)
– Resistance 2 (R2) = Pivot + 0.618 (High – Low)
– Support 2 (S2) = Pivot – 0.618 (High – Low)
– Resistance 3 (R3) = Pivot + (High – Low)
– Support 3 (S3) = Pivot – (High – Low)

Woodie
It gives more weightage to the closing price of the previous period as compared to the standard and Fibonacci pivot points. Hence, the resistance and support levels of the woodie calculations are very different from the rest mentioned above. However, one must take note of the fact that woodie pivot points are not as widely used but it can be useful if you prefer this method of identifying price levels.
– Pivot Point (P) = (Low + High + 2 * Open) / 4
– Resistance 1 (R1) = (Pivot * 2) – Low
– Support 1 (S1) = (Pivot * 2) – High
– Resistance 2 (R2) = Pivot + (High – Low)
– Support 2 (S2) = Pivot – (High – Low)
– Resistance 3 (R3) = High + 2 (Pivot – Low)
– Support 3 (S3) = High – 2 (High – Pivot)
– Resistance 4 (R4) = Pivot R3 + (High – Low)
– Support 4 (S4) = Â Pivot S3 – (High – Low)

Classic
Â This method gives equal weight to all the prices of the previous period without a bias. The support and resistance levels are then calculated using the standard reference points of the highs and lows of the previous period. The calculation methodology for classic pivot points are as follows:
– Pivot Point (P) = (Low + High + Close) / 3
– Resistance 1 (R1) = (Pivot * 2) – Low
– Support 1 (S1) = (Pivot * 2) – High
– Resistance 2 (R2) = Pivot + (High – Low)
– Support 2 (S2) = Pivot – (High – Low)
– Resistance 3 (R3) = Pivot + 2 (Pivot – Low)
– Support 3 (S3) = Pivot – 2 (High – Low)
– Resistance 4 (R4) = Pivot + 3 (High – Low)
– Support 4 (S4) = Â Pivot – 3 (High – Low)

DeMark
This method of calculating pivot points use a different base and a set of formulas to calculate support and resistance levels. Unlike being fixed in other types, the Demark pivot points are conditional based on the open and close of the previous periods. The unique thing about this method is that these pivot points have only 1 resistance and support level unlike other calculation methods.
– If Close < Open, then X = High + (2 * Low) + Close
– If Close > Open, then X = (2 * High) + Low + Close
– If Close = Open, then X = High + Low + (2 * Close)
– Pivot Point (P) = X/4
– Support 1 (S1) = X/2 – High
– Resistance 1 (R1) = X/2 – Low 
Camarilla
The calculation methodology of the pivot point is the same as the classic pivot points However, the resistance and support levels are calculated differently.These pivot points are widely used for intraday trading. It relies on the principles of mean reversion and a bit of trend following too. Camarilla pivot points were discovered by a successful fixed income trader named Nick Scott in 1989. The most important levels in this method are the S3, R3, S4 and R4. In this method, S3 and R3 are considered points of reversal and S4 and R4 levels indicate that a mean reversion has failed and a break beyond those levels indicate breakouts. The calculation is as follows:
– Pivot Point (P) = (Low + High + Close) / 3
– Resistance 1 (R1) = Close + (High – Low) * 1.1 / 12
– Support 1 (S1) = Â Close – (High – Low) * 1.1 / 12
– Resistance 2 (R2) = Close + (High – Low) * 1.1 / 6
– Support 2 (S2) = Close – (High – Low) * 1.1 / 6
– Resistance 3 (R3) = Close + (High – Low) * 1.1 / 4
– Support 3 (S3) = Close – (High – Low) * 1.1 / 4
– Resistance 4 (R4) = Close + (High – Low) * 1.1 / 2
– Support 4 (S4) = Â Close – (High – Low) * 1.1 / 2
I have given you the formulas just so that you can analyze and decide which ones are the most beneficial for your kind of use. You can change the pivot points display from the settings window. Now that pivot points have been finally implemented, we will be introducing more features in the near future. We look forward to your continued patronage. If you like what we have done so far and want to spread the word about us, you can refer your friend to us here. Itâ€™ll go a long way in encouraging us to build a more robust trading platform for all traders in India.
Tejas Khoday
Tejas is the CoFounder & CEO at FYERS, the youngest team to get NSEâ€™s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technologyfocused brokerage as a mission to transform the trading/investment landscape in India.
sir after applyinng pivots charts gets squeezed and we have to manually adjust it.
Is it possible to solve this issue?
Gets squeezed?
Any plans to launch API trading? Any tentative date?
Hi Vijay, Launching APIs is not our immediate priority although they are ready. We’re working on other things at the moment. So, no tentative dates yet.
Can you integrate these types on the Fyers One as well?
Fyers One already has basic pivot points. I have written a post about this here – https://fyers.in/usingsupportandresistancelevelstotimeyourtradesfyersone/.
Thumbs up.. Any update on bracket orders?
Bracket Orders is next in line!
this is a good surprise the way the support team was telling, I thought you will take another 3 months.. good news keep it up.. Pls change backoffice also
Well, we ask the support team not to commit to any deadlines. Glad that you were pleasantly surprised.
Tejas Ji, Aap Fyers mein jo features laa rahe hain, unme aap poput chart bhi add kar dijiye.. day trading ke liye bahut useful rahega, thanks.
Dilip, thanks for your good feedback. The popout charts feature has not been given due to concerns over bandwidth consumption. We’ll look into this in the future. However, you can open up to 8 charts on the same screen.
A very good initiative from fyers all different calculations are very useful and increases effectiveness of technical analysis.
Thanks Sooraj. Do spread the word!
Great to see Camarilla pivot points and other so many types on Fyers trading platform.. good work! Waiting badly for Bracket orders to be launched by you.
Fyers platform has almost all the best features like data, best charts and trading too. But pls try to make sure that your platform will be stable even if your client base increases. You must be knowing that Zerodha platform failed a few days ago ad data was not showing.. Please dont repeat mistakes like them u can increase brokerage that’s not a problem but please make sure it is always stable like it is at this stage.
Harsh, we’re taking good measures to ensure that our scaleup is smooth! Our highest investment is on the IT infrastructure. Although in comparison to other brokerages, we spend a lot more on technology, we hope that our clients will appreciate it. Disruptions may happen, but I assure you that we will be proactive. Sometimes, even the exchanges can be down. For example, MCX servers were down 2 times today itself.
I hope Fyers introduced MCX soon because pivot points are most useful in commodities according to me.
Niranjan, we are in the final stages of launching MCX. There’s some starting trouble due to delays from third parties involved. We shall get everything resolved asap. Can’t commit on deadlines, but we are shooting for this month.
This is indeed a very useful update. Thanks team Fyers. Way to go!
Finally! I was on the edge of my seat for this one.
ONE OF THE MAIN ESSENTIAL TOOL WHICH WAS MISSING IN FYERS WEB PLATFORM, AND FINALLY THE WAIT IS OVER. NOW WE CAN TRADE WITH EASE. THANKS, FYERS TEAM .
Thank you for the update, Most waited for an update. It is really amazing worth waiting.
Thanks Rahul..
Well Done… This is the easiest way, one can explain about Pivot points.
Thx, I spent quite a bit of time writing this post.
Finally. Fyers team introduced all types of pivot points in one shot.. Tejas sir. I am happy to be ur client.
Hi Indrajit, thanks for your positive feedback. Feel free to spread the word about us. That’ll help us implement new features at a faster pace.
Good to know that the most awaited update has finally been given. I have been using Fyers web for a long while and this was probably the very needed feature lacking in the platform until now. Waiting for MCX and bracket order now ðŸ™‚
Finally. Great to know Fyers team introduced all types of pivot points in one shot.. kudos to ur efforts Tejas sir. I am happy to be ur client.
Pivotal point is good indicator it represents main key level of stock . usually its only available in fibinochhi , and standard calculated points , with
All other brokers trading platform as I seen , compare to that the trading tool which fyers providing will be an added advantage on technical analysis part , and all this different calculations of pivot points will improves the reliability on this indicators . thanks for the most valuable tool bought into the platform. Which is very simple ,logical and understandable even by beginners .
HI Yogesh, yes we took extra time to launch this but I’m glad you like the additional features that we have implemented. Soon, we will be launching MCX. Stay tuned for that.
I don’t use pivot points but I must say this is really well done. Users have so many options to choose from. My favourite setting within this indicator is ‘Pivot time frame’ where I can monitor ‘Daily’ pivot levels on all time frames without having to go to the daily time frame. Good job.
Yep, thanks Deepak! That’s one thing which will help traders keep the chart clutter free. You can also unselect certain resistance and support levels from the settings window if you don’t want them.