Hello.
I have been in search of an MT4 indicator for Pivot Points that you can customize for different timeframe pivot points. I have been manually plotting Action Forexs 4-hour pivot points to about nine pairs every four hours. When I use the other pivot point indicators listed around the forums, I cannot get the same values that come from Action Forex calculations. I am currently on IBFX which is on GMT time so my Daily close is at 7:00 pm EST. I believe Action Forexs calculated intervals are on a daily close at 5:00 pm EST.
I have been in search of an MT4 indicator for Pivot Points that you can customize for different timeframe pivot points. I have been manually plotting Action Forexs 4-hour pivot points to about nine pairs every four hours. When I use the other pivot point indicators listed around the forums, I cannot get the same values that come from Action Forex calculations. I am currently on IBFX which is on GMT time so my Daily close is at 7:00 pm EST. I believe Action Forexs calculated intervals are on a daily close at 5:00 pm EST.
- Daily pivots are calculated from previous day's high, low, close which ends at 5pm est or 21pm GMT.(edit) this would be 22 GMT now
- 4 Hours pivots are calculated from previous 4 hours bar which ends at 2100, 0100, 0500, 0900, 1300, 1700 GMT.(edit) These would also all move up in time 1 hour
- The pivot levels and charts are updated throughout the day to cater for data adjustments during the day.
- Choose the currency pair on the right menu for charts showing pivot levels"
So, I was wondering if there was an Pivot Point indicator out there that can be customized to calculate the candle prices at these times? 4 hour, daily, weekly, monthly all based off the Daily close at 5:00 pm EST and still be used on IBFX platform? Thanks.
Adam Hefner
"Your big opportunity may be right where you are now." Napoleon Hill