Creating a Fibonacci pivot point calculator in Microsoft Excel can be a useful tool for traders who use technical analysis to make trading decisions. Pivot points are a popular technical analysis tool that uses the Fibonacci sequence to identify potential levels of support and resistance. In this article, I will try to explain step-by-step procedures to create a Fibonacci Pivot Point Calculator in Excel. I hope it will be very helpful for you if you are looking for an efficient way to do so.

## Introduction to Fibonacci Pivot Point Calculator

A Fibonacci Pivot Point Calculator is a tool used in technical analysis to identify potential levels of support and resistance. This calculator is based on the Fibonacci Sequence, which is a series of numbers often used in financial analysis.

To use a Fibonacci Pivot Point Calculator, a trader would first need to enter the high, low, and closing prices for the asset they are analyzing. These prices are then used to calculate a series of pivot points, which can be used to identify potential levels of support and resistance.

__Formulas to Calculate Fibonacci Pivot Point__

In order to create a Fibonacci Pivot Point Calculator, we need to use the following formula. Here, we need to consider the High, Low, and Close prices of the asset to calculate the Pivot Point, Resistance, and Support values.

**Pivot Point = (High + Low + Close) / 3****Resistance 1 = Pivot Point + ((High â€“ Low) x 0.382)****Resistance 2 = Pivot Point + ((High â€“ Low) x 0.6182)****Resistance 3 = Pivot Point + ((High â€“ Low) x 1.000)****Support 1 = Pivot Point â€“ ((High â€“ Low) x 0.382)****Support 2 = Pivot Point â€“ ((High â€“ Low) x 0.6182)****Support 3 = Pivot Point â€“ ((High â€“ Low) x 1.000**)

## How to Create a Fibonacci Pivot Point Calculator in Excel: Step-by-Step Procedures

In order to create a Fibonacci Pivot Point Calculator, we need to apply the arithmetic formulas related to it and find out the Pivot Point, Resistances, and Supports. The whole process is described in the following section. Letâ€™s march forward.

### Step 1: Collect Data to Create Fibonacci Pivot Point Calculator

- It is the first and foremost task to collect the High, Low, Close, and Open Values of a particular asset.

### Step 2: Create Fibonacci Pivot Point Calculator

- As part of the Fibonacci Pivot Point Calculator, firstly we have to calculate the Pivot Point. Apply the following formula for this purpose.

`=(C5+C6+C7)/3`

- For the first resistance calculation, insert the following formula and press the
**ENTERÂ**button.

`=C9 + (0.382 * (C5 - C6))`

- Here,
**C9**is the Pivot Point,**C5**is the High value, and**C6**is the Low valueÂ of a particular asset.

- Followingly, insert the following formula and press the
**ENTER**button to have the second resistance value.

`=C9 + (0.6182 * (C5 - C6))`

- Then, input the formula mentioned below and hit the
**ENTER**button to have the third resistance value.

`=C9 + (1 * (C5 - C6))`

- After that, we will have to calculate the Support For the calculation of Support 1, write down the following formula and press
**ENTER**.

`=C9 - (0.382 * (C5 - C6))`

- Followingly, insert the following formula and press the
**ENTER**button to have the second support value.

`=C9 - (0.6182 * (C5 - C6))`

- Finally, insert the following formula and press the
**ENTER**button for the third resistance calculation.

`=C9 - (1 * (C5 - C6))`

Thus, we can have a simple Fibonacci Pivot Point Calculator.

**Download Practice Workbook**

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## Conclusion

At the end of this article, I like to add that I have tried to explain step-by-step procedures to create a Fibonacci Pivot Point Calculator in Excel. It will be a matter of great pleasure for me if this article could help any Excel user even a little. For any further queries, comment below. You can visit our site for more articles about using Excel.