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Pivot indicator needed

  • #21
  • May 10, 2015 7:59am May 10, 2015 7:59am
Quoting dingdong99
{quote} Thank, Brother, honestknave....
No problem
  • #22
  • May 10, 2015 8:00am May 10, 2015 8:00am
Quoting AdyFMP
Knave you're a genius! I've downloaded your indicator and setup a template with a 50, 100 and 200 ema visual on the H4 and higher timeframes, a 10 and 20 ema visual on the 30m and H1 timeframes for confirmation, stochastic, macd and two of your pivot indicators, one with only weekly pivots visual on the H4 and one with only monthly pivots visual on the daily and above charts! I trade 12 instruments and all I have to do is input three numbers for each pair per week and the work's done for me! You're an absolute star!!
Glad it helped
  • #23
  • May 17, 2015 7:25am May 17, 2015 7:25am
Great solution. I should add this feature to my own pivot indicator.
  • #24
  • Jun 7, 2015 7:54pm Jun 7, 2015 7:54pm
Quoting honestknave
{quote} If you are prepared to enter the High, Low and Close prices manually, this indicator will calculate and draw the pivots to those prices. {image} {file}
even so there are still variation of the daily candle opening hour.

It all boils down to the definition of forex closing hour.

According to forexdaily:

  1. The Trading Day begins and ends at 5pm New York Time.

so is your broker close the daily candle on this timing? if not everyone will have different numbers.

Then later you would have to off sunday data to have monday pivot accurate, etc fix.

i am not so sure professional giving a big fuss about pivot accuracy?

  • #25
  • Jun 7, 2015 8:06pm Jun 7, 2015 8:06pm
Folks, seems to me you are headed down a worthless rabbit trail. For the few various time zones remaining that broker servers use, there is still little difference in their effect on the Montly and Weekly pivots! Really!

And, all seasoned traders know that when price moves and swings, it practically always overshoot or undershoots such "targets". We are talking so few pips here to be concerned with, that if a few pips one way or the other is critical to your trading, you shouldn't.

-tah
  • #26
  • Jul 8, 2015 2:09am Jul 8, 2015 2:09am
honestknave, if you have time to take another look at this indicator of yours...I use it exclusively on offline charts. Some PP indicators don't work at all offline but this one does. It would be perfect if it could have an option to offset Sunday candles and preference to change font type, size, colour and position.
:: everything is awesome ::
  • #27
  • Last Post: Sep 15, 2016 5:55am Sep 15, 2016 5:55am
Quoting honestknave
Feel free to give this one a go. It uses the standard pivot point formulas on the page you linked too... I know that because I used it yesterday to check the formulas! However, please be aware of broker variations. Here is the same indicator applied on 2 different data feeds (note: displaying the price is an option in the indicator settings) {image} {file}
Hello.

Maybe you have mq4 version of this indi?

I'd like to change period for daily pivots.
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