A Forex pivot point calculator is a tool that helps traders identify key levels of support and resistance in the market. Pivot points are calculated based on the high, low, and close prices of the previous trading session, and are used by traders to determine potential entry and exit points for their trades. The pivot point calculator provides traders with the pivot point level as well as several support and resistance levels, which can be used to set stop-loss and take-profit levels. By using pivot points, traders can make more informed trading decisions and potentially improve their profitability. However, it’s important to keep in mind that pivot points should be used in conjunction with other forms of technical analysis and market research.