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<p id="isPasted">To calculate pivot points, you'll need the previous trading day's high, low, and close prices. The main pivot point (PP) is calculated as the average of these three values. From the PP, you can then derive support and resistance levels. </p><p>Here's a breakdown of the calculation: </p><p>Calculate the Pivot Point (PP):</p><p>PP = (High + Low + Close) / 3</p><p>Calculate Support and Resistance Levels:</p><p>Resistance 1 (R1): R1 = (PP * 2) - Low</p><p>Resistance 2 (R2): R2 = PP + (High - Low)</p><p>Support 1 (S1): S1 = (PP * 2) - High</p><p>Support 2 (S2): S2 = …</p>