Daily Pivot points-different?

Anyone have a clue why different sites list different daily pivots /support resist figures?I would think that if you take the high/low close it would all be the same.I know different platforms may be off a few pips but I see points off by 20 to 60 pips.Anyone explain?Pivot points taken at 12am-12am of each day Est.I have a pivot calc and mine seem to be on but questioning why?

Because different brokers have different daily start and stop times, not to mention timezones.

Hey mate.

They are different because you can theorectically use any time to calculate daily pivots.

You may want to consider using 5pm NY time as the open/close point when calculating daily pivots as this seems to be the most genrally accepted time for the close of the forex market. You want to be using the pivot points most people are looking at as trader reaction is probably the main reason these levels work.

Fly2, it would seem that the three most frequently used cut-off times (in no particular order) are GMT 0000 hrs, New York 0000 hrs, and New York 1700 hrs. You need to then apply the appropriate shift, applicable to your charting package, e.g. suppose you decide to use New York 1700 hrs, and your charting package is GMT+1, then (given that New York is GMT–5) the cut-off point on your charts would be 0600.

David