Weekly Pivots on FX Accucharts?

I'm trying to plot my weekly pivot points using the ForexMentor system and it calls for the following data:

WEEKLY PIVOTS

•Open = Sunday Midnight Close
•Close = Sunday Midnight Close at end of week completed.
•High = Highest weekly high
•Low = Lowest low over week.


The problem I have is that in FX Accucharts my Sunday data starts at 4PM CST so I don't have the Sunday Midnight Data to make the OHLC calculations.

Does anyone else have this issue? Any suggestions?


I have the same problem calculating my Monday pivot points as follows:

MONDAY PIVOT POINTS (Use 1 hour chart) (Midnight Friday to Midnight Sunday)

•Open = 12 AM Friday
•Close = Sunday Midnight
•High = Highest high
•Low = Lowest low


Any help appreciated

Try this Indicator, maybe you can find your problems.



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Gartley Patterns

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Can you please advise how to use this file?

I loaded it with excel but I can tell that's not going to work. I assume I need to import it into my charting program but is this the correct file for FX accucharts?

Thank you for your help,

JS

Here's an Old Post I did last year on how to get decent Sunday pivots and again on Monday out of Accucharts... hopefully this will be clear enought to help you get where you need to go.

The weekly pivots are very simple... take the close from your 11pm 1 hour candle on Sunday night ((or whatever other time you want...)) and use that for your weekly close. You'll have to find your High and Low accordingly and enter the three values into the proper User Defined fields.

IMPORTANT: Copy your existing workspace with a different name and experiment on that one until you get things the way you like. If you blow it up and need to start over, you won't have blown up your existing charts... easier to do than you think until you know your way a'rd... I learned this the hard way.

I would recommend you create a Weekly virtual page for the weekly pivots to reside on, as you can currently only have one Pivot tool per page, meaning you can plot your weekly pivots using horizontal lines on a chart that has Daily pivots calculated by the tool, but not two separate calculated sets of pivots on one page. They say that will change in a future relase but not yet...

A couple notes... FXsol has since changed their borker opening hours on Sunday to later than when this post was put together, so you may need to adjust a couple things.

One other option to consider is changing your Trading Day session time to start and end whenever you need it to ((like midnite your time)) in the properties box as shown in the pic below. That will determine when your new Daily and Weekly candles are drawn, and will also affect any MA's or anything else that key off the Daily HLC data. You can have all the days the same or split them up separately... Sunday could start when your borker opens and close at 11:59pm for instance...

My daily session closes at 4:59 EST (that's 3:59 Central for me)) and starts at 5:00 pm EST (4:00 pm CST).

Also, you state that you want to use midnite Closes, I assume that is midnite your time and not GMT, so you will have to adjust that as well in your calcuations. You do NOT need to enter the Open data anywhere, it will make no difference whatsoever on your pivots.... HLC is all you need to bother about no matter what P Bain says. Needlessly complicates things... Try it both ways until you're comfortable with it tho if you must.

BTW, if you're using those midnite Closes for no other reason than becuz P Bain says to use them, at least consider using a somewhat more standard 5pm EST close at some point. Either way, you will have to know how to configure the tool properly for YOUR purposes...

Let me know if I can help you further... You may find these posts helpful as well if you're just starting out with pivots.

PS Make sure your chart Time setting is what you want it to be as well, you have the choice of "local" which is your PC time, or GMT, or custom. I sometimes toggle from one to the other when posting charts that refer to a specific candle so that other traders in other zones can easily find the same one, then toggle back to my local time... the charts will refresh automatically within a few seconds.

No. MT4 files won't work in Accucharts... click on Help>Analysis Tools on your Toolbar for a good explanation of how Accucharts works and why MT4 indi's don't.