# Pivot Point fibonacci formula
**URL:** https://tradingqna.com/t/pivot-point-fibonacci-formula/86586
**Category:** Technical Analysis
**Created:** [August 4, 2020, 6:09pm UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586 "2020-08-04T18:09:21Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@gsecgsec](https://tradingqna.com/u/gsecgsec)
#### Post date: [August 4, 2020, 6:09pm UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586/1 "2020-08-04T18:09:21Z")
I was following this thread
> [@Why do pivot points differ on Kite and Pi? How is this calculated?](https://tradingqna.com/t/why-do-pivot-points-differ-on-kite-and-pi-how-is-this-calculated/15780/31):
>
> Please read the conversation and you’ll get to know about the calculations and why it shows different in kite & pi. Pi uses day candle data where’s kite is Fully dependent on 15m charts. There’s a difference between day candle chart and 15min charts. This worked for me. Happy Trading slightly_smiling_face
and had few questions.
what is the formula for pivot point fibonacci used in KITE charts. ?
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### Author:  [@ShubhS9](https://tradingqna.com/u/ShubhS9)
#### Post date: [August 5, 2020, 1:35am UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586/2 "2020-08-05T01:35:10Z")
- PP = (HIGHprev + LOWprev + CLOSEprev) / 3
- R1 =PP + 0.382 \* (HIGHprev - LOWprev)
- S1 = PP - 0.382 \* (HIGHprev - LOWprev)
- R2 = PP + 0.618 \* (HIGHprev - LOWprev)
- S2 = PP - 0.618 \* (HIGHprev - LOWprev)
- R3 = PP + (HIGHprev - LOWprev)
- S3 = PP - (HIGHprev - LOWprev)
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### Author:  [@gsecgsec](https://tradingqna.com/u/gsecgsec)
#### Post date: [August 5, 2020, 2:00am UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586/3 "2020-08-05T02:00:06Z")
Awesome!! Thanks!!!
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### Author:  [@gsecgsec](https://tradingqna.com/u/gsecgsec)
#### Post date: [August 7, 2020, 4:03am UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586/4 "2020-08-07T04:03:52Z")
Hi,
Quick question.
Here is today’s BankNifty chart @ 9.29am.
the pivots (are fibonacci) and shown in chart as,
resistance1: 21675
resistance2: 21893
resistance3: 22027
PrevDay
High: 21962
Low: 21393
Close: 21667
if i use above formula and calculate resistance1, it would be.
- PP = (21962+ 21393 + 21667) / 3 = 21674
- R1 = 21674 + (0.382 \* (21962 - 21393) =\> 21891
**So, R1 should be 21891, but 21675 is plotted on Kite chart.**
why this difference ?
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### Author:  [@ShubhS9](https://tradingqna.com/u/ShubhS9)
#### Post date: [August 7, 2020, 4:30am UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586/5 "2020-08-07T04:30:32Z")
Take previous days Intraday High Low Close values for calculation.
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### Author:  [@gsecgsec](https://tradingqna.com/u/gsecgsec)
#### Post date: [August 7, 2020, 4:53am UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586/6 "2020-08-07T04:53:52Z")
Hi @ShubhS9
Yes, the H,L,C values i used are Aug-6th values.
but still the pivots are off.
what am i missing ?
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### Author:  [@ShubhS9](https://tradingqna.com/u/ShubhS9)
#### Post date: [August 7, 2020, 6:00am UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586/7 "2020-08-07T06:00:18Z")
I take you are using 15 minutes timeframe, High in this timeframe was 21963.05, Low: 21392.75 and Close: 21670.
So:
PP = (21963.05 + 21392.75 + 21670) / 3 = 21675.27
R1 = 21675.27 + 0.382 \* (21963.05 - 21392.75) = 21893.12.
Hope this helps.
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### Author:  [@gsecgsec](https://tradingqna.com/u/gsecgsec)
#### Post date: [August 7, 2020, 6:32am UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586/8 "2020-08-07T06:32:34Z")
Yes, this is my calculation too.
then why is R1 on kite chart is 21675 instead of 21893.12 ?
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### Author:  [@gsecgsec](https://tradingqna.com/u/gsecgsec)
#### Post date: [August 7, 2020, 6:34am UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586/9 "2020-08-07T06:34:03Z")
nevermind. found the issue.
i mistook pivot as r1
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### Author:  [@siddhant\_khedwal](https://tradingqna.com/u/siddhant_khedwal)
#### Post date: [September 28, 2024, 6:30pm UTC](https://tradingqna.com/t/pivot-point-fibonacci-formula/86586/10 "2024-09-28T18:30:19Z")
Hi @ShubhS9 if I use the Pivot indicator with fibonnaci and change the period to 30 or 50 does it repaint the next day or the next week?