Other names for Standard Pivot Points include Floor Pivots and Classical Pivot Points. These terms are often used interchangeably, but it is imperative to understand that they refer to the most commonly used form of pivots.

Starting from the baseline pivot point (P), the Standard Pivots are calculated. (P) can be calculated by taking the high, low, and near values and dividing them by three. At this point, the two support levels (S1, S2) and the two resistance levels (R1, R2) are calculated.

Standard pivot points are widely used indicators in technical analysis to identify potential support and resistance levels in financial markets. Calculated from the previous day's high, low, and closing prices, these pivot points provide traders with reference points to anticipate price movements.

The standard pivot points include:

1. Pivot Point (PP): The central pivot point is calculated as the average of the previous day's high, low, and closing prices. It serves as a significant level of potential reversal or continuation in price movement.

2. Resistance Levels (R1, R2, R3): These are levels above the pivot point that may act as barriers to upward price movements. R1 is calculated as 2 * PP - Low, R2 as PP + (High - Low), and R3 as High + 2 * (PP - Low).

3. Support Levels (S1, S2, S3): These are levels below the pivot point that may act as support for downward price movements. S1 is calculated as 2 * PP - High, S2 as PP - (High - Low), and S3 as Low - 2 * (High - PP).

Traders use these standard pivot points to determine potential entry and exit points for their trades, as well as to set stop-loss and take-profit levels.