I've been searching around for a weekly pivot point plotter for MT4, the problem is they all base the pivots based on the weekly bars in MT4. This would be fine if the weekly bars were actually the entire price action from the past week. After doing some checking and comparing a weekly chart with an hourly one, it seems that a weekly bar in MT4 comprises the price action from the START of MONDAY of last week, and ends at the END of SUNDAY of this week. Weird.
I want to base my pivots on price action from Sunday of last week until Friday of last week, so far I have had to do this manually to get what I want, and it takes a lot of time to do this for each currency pair I want to trade.
Does anyone know a way around this problem? Is there a MT4 indicator out there that deals with this issue and perhaps uses daily candles instead of weekly ones to plot weekly pivots?
I want to base my pivots on price action from Sunday of last week until Friday of last week, so far I have had to do this manually to get what I want, and it takes a lot of time to do this for each currency pair I want to trade.
Does anyone know a way around this problem? Is there a MT4 indicator out there that deals with this issue and perhaps uses daily candles instead of weekly ones to plot weekly pivots?