Pivot indicators - page 42

ccjjaa
2038
ccjjaa  

Pivot GMTShift

dimaxx:
You are 100% right. Not all mt4 brokers are in the same gmt zone. Without shifting it gives false levels. Lets take last friday GBP/USD pair

CJA Pivot indicator gives first S1 level at 5314. But if i check it on Dukascopy pageits 5284 - difference is 30 pips.

I sent PM to CJA, may be he can fix his own indicator, but he says he's on vocation. Maybe when he's back, he will do that....

BTW. My broker is Admiral Markets and it needs +1 gmt shift. My friend has his account at Forex.co.uk and no need in shifting, lucky....

But thats not a reason to move - he pays 25$ for every withdrawl, i pay only 4,95$

I got some spare time so managed to get this done it uses arrow code for the levels which are

3 = Small arrows

4 = small short lines

6 = Price boxes

pivots_gmtshift.mq4

Files:
dimaxx
22
dimaxx  
cja:
I got some spare time so managed to get this done it uses arrow code for the levels which are

3 = Small arrows

4 = small short lines

6 = Price boxes

pivots_gmtshift.mq4

CJA - You are genius!

Thats very kind of you.

Wish you many green pips.

iGeng
7
iGeng  
cja:
Here you go - you will find i have added a few extra features so you can alter the colors and shift the text etc

27/05/2007

I Have altered the original indicator and added the M Levels, I have left the name the same as the indicator still does everything the same as the original but with the option of displaying the M levels, when you save the indicator if you have the original just either save over the top or if you want to retain the original indicator just change the name when you save it.

cja

pivot-point-vtext.mq4

...Detail of top right corner

hi cja, i'm looking for something exactly like this. can you add an option to shift the time?

jay
34
jay  

Thank dimaxx, thanks cja

Thanks dimaxx for your effort. In this topic, you made it alive again.

And thanks cja for adjusting his own indicator.

Best to both of you,

Jay

winnn
65
winnn  

hi, CJA

My other 2 indis show pivot 145.24, Pivot Gmt shift shows144.22,

do you know what reason?

btw: I use them on GBPJPY chart.

increase
1199
increase  
cja:
I got some spare time so managed to get this done it uses arrow code for the levels which are

3 = Small arrows

4 = small short lines

6 = Price boxes

CJA,

Is there another indicator with this, I only get a horizontal line when I add the indicator, even though I enter the hour timings?

jay
34
jay  

Can be Sunday data

winnn:
hi, CJA

My other 2 indis show pivot 145.24, Pivot Gmt shift shows144.22,

do you know what reason?

btw: I use them on GBPJPY chart.

Hey winnn,

Can be sunday data.....i think cja indicator treat sunday as a regular day, thats why it take sundays HLC when you shift it....

danih
6
danih  

Correct Pivots

Hey there!

My question is what the "correct" pivots are, which are being used by industrial traders? Pivots are formed based on daily data, and interestingly, every pivot calc service I checked showed different results (dukascopy, allpivots, mataf.net, etc) - why is that? I presume, that it must be because different GMT settings - but then again: who is "right" (not in the literal sense of course)?

What time is widely accepted as "daily close" by the big players? I presume it's the US session close (same time when futures trading closes).

So?

PMM
6
PMM  

I'd love to know about what danih's asking as well. The server time issue throws off practically all of these pivot indis, and yet almost none of them provide time shift options.

After migrating my indicators from Broco to MB and getting these attached results, I was quite flabbergasted. Even worse: depending on how you tilt your head and squint, either one of them could look valid!

Is there a right answer here?

herringtrader
3
herringtrader  

What time to use as END OF DAY for calculating pivot points?

Hello everyone,

I am thinking about using pivot points in my trading but not sure what time to use as END OF DAY for calculating pivot points.

fxbootcamp.com uses Tokyo open (which is usually London midnight)

fxknight.com uses GMT midnight

theforextruth.com uses New York midnight

fivetictrading.com uses New York 5PM

They all claim to be successful, profitable traders. How can that be? How can they all use pivot points successfully when they are all looking at different pivot point values?

If you are successfully using pivot points in your trading, could you please tell me what time you use as END OF DAY for calculating pivot points, and why you chose just that time?

Thanks,

Herringtrader