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.

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## 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 **closing **prices of the asset to calculate the **Pivot Point**, **Resistance**, and **Support **values.

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

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

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. Let’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, closing,**and**opening prices**of a particular asset.

**Read More: ****How to Create a Calculator Using Macros in Excel (with Easy Steps)**

### 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
**ENTER**button.

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

- Here,
**C9**is the**Pivot Point,****C5**is the**High price,**and**C6**is the**Low price**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**.

**Read More: ****How to Make a Calculator in Excel (with Easy Steps)**

## 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.

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